Swedish GDP Growth Revised Down to -0.2% in Q2

In Q2, Sweden's gross domestic product contracted 0.2 compared to the previous quarter, down from a preliminary estimate of -0.1 percent. This is 0.5 percentage points lower than the rate registered in Q1, mainly due to falling investment.

Household consumption expenditures increased by 1.9 percent and general government consumption expenditures increased by 2.0 percent non-adjusted. Changes in inventories contributed 0.4 percentage points to GDP growth. Gross fixed capital formation decreased by 3.0 percent. Exports decreased by 2.3 percent and imports decreased by 1.1 percent. 

Market production of goods and services decreased 0.5 percent, working-day adjusted. Production of goods dropped by 2.9 percent and service-producing industries grew by 0.8 percent. Total employment measured as the number of hours worked increased by 1.2 percent and the number of persons employed increased 0.8 percent.

Compared to preliminary readings, GDP growth has been revised downwards 0.1 percentage points in the second quarter of 2013 and up 0.4 percentage points in the first quarter of 2013.

Swedish GDP Growth Revised Down to -0.2% in Q2

SCB | Nuno Fontes | nuno@tradingeconomics.com
9/13/2013 9:00:26 AM