Swedish Economy Grows 0.8% in Q3


The Swedish economy advanced a seasonally adjusted 0.8 percent on quarter in the three months to September of 2015, following a downwardly revised 1 percent growth in the previous period but beating market expectations of 0.4 percent. While government expenditure grew at a slower pace, household consumption and fixed investment expanded further.

On a seasonally adjusted basis, general government expenditure expanded by only 0.1 percent after increasing by 0.5 percent in the previous quarter. Household consumption grew by 0.7 percent compared to a 0.5 percent increase in Q2 and gross fixed capital formation went up by 1.2 percent compared to 1.1 percent growth in the precedent quarter. Exports of goods advanced 2.1 percent (+0.1 percent in Q2) and imports by 2.3 percent (after showing no growth in Q2). Exports of services grew by 2.3 percent (+2.1 percent in Q2) and imports by 1.8 percent (+0.8 percent in Q2).

On the production side, market production of goods and services increased by 1.1 percent, as production of goods rose by 1.2 percent and service-producing industries grew by 1.1 percent. 

Year-on-year, the economy expanded 3.9 percent, up from an upwardly revised 3.4 percent growth in the previous period and reaching the highest value since the first quarter of 2011. 

Swedish Economy Grows 0.8% in Q3


Statistics Sweden | Joana Ferreira | joana.ferreira@tradingeconomics.com
11/30/2015 8:59:59 AM