Sweden's GDP increased by 1.1 percent for the first quarter of 2025 compared to the same period in 2024, according to the Statistics Sweden's preliminary GDP indicator. The increase was significantly lower than market expectations, which averaged 1.7 percent according to Bloomberg's compilation.
However, the quarter ended significantly stronger with an increase of 0.6 percent in March, seasonally adjusted and compared to the previous month.
"The activity in the Swedish economy increased in March after declines in January and February, which resulted in a GDP for the quarter as a whole at the level of the last quarter of 2024," says Mattias Kain Wyatt, national economist at Statistics Sweden in a press release.
