According to a second national accounts release, the economy declined 0.5% in sequential terms in the final quarter of 2022, a marginal improvement from the preliminary estimate (Q3: +0.3% s.a. qoq) the. The downturn was chiefly due to fixed investment swinging to a contraction in Q4. Private consumption also declined, albeit at a milder pace than in Q3. The outlook for Q1 2023 got rosier: GDP expanded 2.0% month on month in January (December: -0.7% mom), marking the strongest expansion in four months and hinting at strong momentum. Moreover, private consumption grew by 0.5% month on month in January, defying still-intense price pressures. That said, challenges remain. Both the manufacturing and services PMIs were entrenched in contractionary territory in February, revealing sharp deterioration in conditions.
Sweden Home Prices Index (ann. var. %) Data
|Home Prices Index (ann. var. %)||8.2||0.3||2.2||6.8||16.6|