Consumption in Sweden
Sweden - Consumption
Economic growth returns in Q2 and beats market expectations according to advanced data
The economy rebounded strongly in the second quarter of 2022, with GDP expanding 1.4% in seasonally-adjusted quarter-on-quarter terms, according to preliminary figures released by Statistics Sweden. The result was an improvement from the prior quarter’s 0.7% fall and doubled market expectations of a 0.7% expansion. Meanwhile, in calendar-adjusted annual terms, GDP grew 4.2% in the second quarter, coming in above the prior quarter’s 3.2% increase.
Although details of the release are still pending, the quarterly bounce-back likely came on the back of recovering private consumption, supported by a lower unemployment rate and strong annual wage growth. That said, the overall improvement was likely capped by mounting price pressures, which in turn dampened consumer sentiment in the quarter.
A more comprehensive breakdown of Q2 2022 GDP will be released on 29 August.
FocusEconomics Consensus Forecast panelists see GDP growing 2.2% in 2022, which is down 0.2 percentage points from last month’s forecast, and 1.5% in 2023.
Sweden - Consumption Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Consumption (annual variation in %) | 3.9 | 2.3 | 2.6 | 1.8 | 1.2 |
Sweden Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.15 | -4.79 % | Jan 01 |
| Exchange Rate | 9.36 | -0.20 % | Jan 01 |
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Economic News
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Sweden: CPIF softens in July
August 12, 2022
Consumer prices with a fixed interest rate dropped 0.16% in July over the previous month, swinging from the 1.25% rise logged in June.
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Sweden: Industrial output growth gains momentum in June
August 10, 2022
Industrial output increased 1.3% in month-on-month seasonally-adjusted terms in June, which followed May's 0.9% increase.
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Sweden: Economic sentiment falls but remains optimistic in July
July 28, 2022
The economic tendency indicator (ETI) came in at 101.3 in July, down from June's 105.7.
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Sweden: Economic growth returns in Q2 and beats market expectations according to advanced data
July 28, 2022
The economy rebounded strongly in the second quarter of 2022, with GDP expanding 1.4% in seasonally-adjusted quarter-on-quarter terms, according to preliminary figures released by Statistics Sweden.
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Sweden: CPIF comes in at highest level in over three decades in June
July 14, 2022
Consumer prices with a fixed interest rate rose 1.25% from the previous month in June, accelerating from the 0.97% rise seen in May.
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