Swedish Economy Advances 0.1% QoQ in Q3


In the third quarter of 2013, Sweden's GDP expanded by a seasonally adjusted 0.1 percent quarter-on-quarter, recovering from a 0.1 percent drop in the previous three-month period.

Household consumption expenditures increased by 2.1 percent non-adjusted and general government consumption expenditures increased by 1.9 percent non-adjusted.

Changes in inventories reduced GDP growth by 1.6 percentage points. Gross fixed capital formation increased by 3.3 percent.

Exports decreased by 1.6 percent and imports decreased by 2.2 percent.

Market production of goods and services decreased 0.3 percent, working-day adjusted. Production of goods dropped by 2.1 percent and service-producing industries grew by 1.5 percent.

Employment measured as the total number of hours worked increased by 0.9 percent and the number of persons employed increased 1.0 percent.

Year-on-year, Sweden's economy decelerated for the fourth straight quarter to 0.3 percent, from 0.6 percent in the previous three-month period. 

Swedish Economy Advances 0.1% QoQ in Q3


SCB | Joana Taborda | joana.taborda@tradingeconomics.com
11/29/2013 11:30:58 AM