In the fourth quarter, GDP contracted 1.1% in seasonally and working-day adjusted terms over the previous quarter, representing the first contraction seen since the first quarter of 2009. The figure overshot market expectations that had GDP contracting 0.8%. The decline was mainly due to the external sector's lower contribution to growth, as exports swung from a 2.9% expansion in the third quarter to a 3.9% contraction in the fourth quarter. Imports, meanwhile, moderated to a 0.2% decline (Q3 2011: +0.1% quarter-on-quarter). In contrast, on the domestic side, private consumption stepped up to a 0.4% expansion, contrasting the 1.0% contraction seen in the third quarter. Moreover, government spending rose 0.1% (Q3 2011: +0.2% qoq) and gross fixed capital formation grew 0.8%, up from the 0.7% contraction seen in the third quarter. In the full year 2011, the economy grew 3.9%, down from 2010's 6.1% expansion.
Lower exports drive down GDP
February 29, 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.