Sweden GDP Expands 1% in Q2

The Swedish economy advanced a seasonally adjusted 1 percent in the second quarter of 2015 following 0.4 percent growth in the previous period and above market expectations. It is the strongest expansion since the last quarter of 2013.

On the expenditure side, household consumption rose 0.6 percent after remaining unchanged in the previous quarter. General government expenditure grew 0.6 percent compared to a 0.1 percent increase in Q1. Gross fixed capital formation fell 0.2 percent compared to a 0.4 percent fall in the precedent quarter. Exports of goods remained unchanged (-1.3 percent in Q1) and imports decreased by 0.8 percent (+0.6 percent in Q1). Exports of services rose 2.9 percent  (+0.4 percent in Q1) and imports increased 0.4 percent (-7.8 percent in Q1).

On the production side, production of goods rose 1.9 percent and service-producing industries grew 0.7 percent. 

Year-on-year, the economy expanded 3 percent, up from a 2.5 percent increase in the previous period. 

Sweden GDP Expands 1% in Q2

Statistics Sweden | Yekaterina Guchshina | yekaterina@tradingeconomics.com
7/30/2015 11:52:11 AM