Sweden GDP Growth Beats Estimates

The Swedish economy advanced a seasonally adjusted 1.1 percent on quarter in the last three months of 2014, following a revised 0.5 percent increase in the previous period and better than market expectations. It is the highest growth rate in seven quarters, due to a surge in investment and private consumption.

On a seasonally adjusted basis, household consumption rose 0.9 percent after being flat in the previous quarter and government expenditure increased 0.5 percent (0.6 percent in Q3). Gross fixed capital formation went up 2.7 percent from 1.7 percent in Q3 while changes in inventories decreased the GDP growth by 0.1 percentage points. Exports rose 2.7 percent (1.1 percent in Q3) and imports increased by 2.8 percent (1.5 percent in Q3). 

On the production side, production of goods rose by 1.9 percent and service-producing industries grew 1.0 percent. Employment measured as the total number of hours worked decreased by 0.3 percent and the number of persons employed increased 0.2 percent.

Year-on-year, the economy expanded 2.7 percent, up from a revised 2.3 percent increase in the previous period. 

Considering full 2014, the GDP grew 2.1 percent, following a 1.3 percent increase in 2013.

Sweden GDP Growth Beats Estimates

Statistics Sweden | Joana Taborda | joana.taborda@tradingeconomics.com
2/27/2015 9:10:30 AM