Swedish economy grew more than expected in November

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Swedish economy grew more than expected in November
Photo: Fredrik Sandberg/TT

Sweden's gross domestic product (GDP) increased by 0.9 percent in November compared to October, according to a preliminary GDP indicator from Statistics Sweden (SCB).

It was better than economists had expected, with the average forecast at 0.2 percent, according to Bloomberg.

"After two weaker months, Swedish economic activity turned around in November, with growth in the business sector's service industries offsetting weaker developments among goods producers and public authorities," said Asuman Erenel, an economist at Statistics Sweden, in a press release.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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