Sweden GDP Growth Slows in Q1

The Swedish economy advanced a seasonally adjusted 0.4 percent on quarter in the first three months of 2015, following a downwardly revised 0.8 percent growth in the previous period and below market expectations. While public and private spending slowed, investment and exports of goods contracted.

On a seasonally adjusted basis, household consumption rose 0.1 percent after expanding 1.3 percent in the previous quarter. General government expenditure grew 0.1 percent compared to a 0.7 percent increase in Q4. Gross fixed capital formation fell 0.1 percent compared to a revised 2.8 percent growth in the precedent quarter. Exports of goods declined 1.1 percent (+2.4 percent in Q4) and imports increased by 1.3 percent (+0.8 percent in Q4). Exports of services rose 0.3 percent  (+4.1 percent in Q4) and imports shrank 7.4 percent (+12.3 percent in Q4).

On the production side, production of goods contracted 0.5 percent while service-producing industries grew 1.0 percent. 

Year-on-year, the economy expanded 2.5 percent, down from a revised 2.6 percent increase in the previous period. 

Sweden GDP Growth Slows in Q1

Statistics Sweden | Joana Ferreira | joana.ferreira@tradingeconomics.com
5/29/2015 10:01:46 AM