Growth in April was slightly better than expected. Analysts had on average counted on 0.3 percent, according to news agency Bloomberg. And compared to the same month last year, growth was 1.2 percent, adjusted for calendar effects.
But at the same time, figures from Statistics Sweden show that the order intake to Swedish industry fell 6.3 percent in April compared to the previous month.
"The fall creates some question marks about the future," writes Nordea's chief analyst Torbjörn Isaksson in a comment.
He adds that he takes the GDP figures for April with a pinch of salt.
Colleague Amanda Sundström at SEB thinks that the statistics strengthen the picture that the Swedish Central Bank will lower the interest rate next week and also increases the likelihood of more stimulus measures in the fall.
"The economy is moving in the right direction, but slower than one could have thought and wished," writes she in a comment to TT.
Isaksson, who also counts on a reduction of the interest rate by 0.25 percentage points to 2.00 percent on Wednesday next week, is on the same track.
"Inflation has decreased and the Swedish Central Bank will probably see growth as an argument for lowering interest rates," he writes.
