In the second quarter, GDP expanded 1.4% in seasonally and working-day adjusted terms, which was faster than the 0.9% increase seen in the first quarter (previously reported: +0.8% quarter-on-quarter). The reading represented the fastest pace of expansion observed since the last quarter of 2010. On an annual basis, the economy grew 2.2% over the same quarter last year, above the 1.6% rise seen in the first quarter. The acceleration in economic growth was mainly due to a higher contribution from the external sector, as exports grew 2.1% in the second quarter, up from the 1.3% expansion registered in the first. Simultaneously, imports rose 0.6% (Q1: +0.1% qoq). As a result, the external sector's net contribution to overall economic growth edged up from 0.6 percentage points in the first quarter to 0.8 percentage points in the second. On the domestic side, private consumption decelerated from a 1.1% expansion in the first quarter to a 0.4% rise in the second, while government spending rose 0.5% (Q1: +0.2% qoq). Gross fixed capital formation, on the other hand, swung from a 2.5% expansion in the first quarter to a 0.2% decline in the second.
Economic growth accelerates in second quarter
July 30, 2012
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Sweden Economic News
October 11, 2016
In September, consumer prices inched up 0.2% from the previous month, contrasting August’s 0.1% drop and falling short of market expectations of a 0.5% increase.
October 5, 2016
Industrial production dropped 4.1% from the previous month in seasonally-adjusted terms in August.
September 20, 2016
The Swedish economy lost steam in the first half of this year in comparison with 2015, although it remained amongst the best performing Nordic economies, which are suffering as the stagnation in global demand puts the brakes on their key exports sector.
September 13, 2016
In August, consumer prices inched down 0.1% over the previous month, contrasting both July’s 0.1% increase and market expectations of a flat reading.
September 7, 2016
At its 6 September policy meeting, the Riksbank decided to hold its repo rate at a record low of minus 0.50%, as expected by the market, and postponed the future interest rate hikes it had planned, which are now set for the second half of 2017.