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Lower growth than expected in the Swedish economy

» Updated: 16 July 2024, 14:13

» Published: 05 July 2024

Lower growth than expected in the Swedish economy
Photo: Claudio Bresciani / TT

Sweden's gross national product (GNP) increased by 0.1 percent in May compared to April, according to a preliminary so-called GNP indicator from the Statistics Sweden (SCB).

Analysts had on average expected a growth of 0.4 percent in April compared to the previous month, according to a compilation of forecasts made by Bloomberg.

In March, Sweden's GNP contracted by 0.7 percent compared to the previous month.

Compared to the same month a year earlier, the Swedish economy decreased by 0.2 percent in May, according to SCB.

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By TTThis article has been altered and translated by Sweden Herald

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