Sweden GDP Growth at 3-Year Low of 0.3% in Q2


The Swedish economy expanded 0.3 percent on quarter in the three months to June of 2016, following a downwardly revised 0.4 percent growth in the previous period and much lower than market expectations of a 0.7 percent expansion. It is the worst performance since a contraction in the second quarter of 2013 as investment stalled and exports fell, preliminary estimates showed.

Household consumption rose 0.4 percent, general government consumption increased by 0.6 percent and inventories added 0.2 percentage points to growth. 

In contrast, gross fixed capital formation was stagnant, exports shrank 0.3 percent while imports increased 0.3 percent. 

On a yearly basis, the economy expanded 3.1 percent, slowing from a 4.2 percent increase in the first quarter of the year and well below a 3.7 percent growth markets were expecting.

Statistics Sweden | Joana Taborda | joana.taborda@tradingeconomics.com
7/29/2016 9:23:16 AM