Swedish GDP Growth Beats Expectations


The Swedish economy expanded 1.1 percent on quarter in the three months to June of 2015, better than a preliminary estimate of 1 percent. It is the highest growth rate in nearly two years as household spending accelerated slightly while investment and exports rebounded.

Household consumption increased 0.4 percent (0.3 percent in Q1) and government expenditure rose 0.3 percent (0 percent in Q1). Changes in inventories were almost the same during both quarters but gross fixed capital formation went up 1.5 percent, rebounding from a 0.2 percent drop in Q1. Exports increased 0.6 percent (-0.2 percent in Q1) and imports fell 0.7 percent (-2.3 percent in Q1). 

Figures for the first quarter were revised upwards to show the economy expanded a seasonally adjusted 0.6 percent instead of 0.4 percent initially reported. 

Year-on-year, the GDP advanced 3.3 percent in the second quarter of the year, better than a preliminary estimate of 3 percent and higher than an upwardly revised 2.8 percent increase in the previous period.

Swedish GDP Growth Beats Expectations


Statistics Sweden | Joana Taborda | joana.taborda@tradingeconomics.com
9/11/2015 8:56:48 AM