SwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

Swedish growth weak – but better than expected

Sweden's economy is growing somewhat, but weaker than the historical average, shows new statistics.

» Updated: Today, 08:24

» Published: Today, 08:06

Swedish growth weak – but better than expected
Photo: Ali Lorestani/TT

During the third quarter, Sweden's gross national product (GNP) increased by 0.3 percent compared to the previous quarter, according to the Statistics Sweden. Household consumption remains weak, unchanged compared to the previous quarter.

This can be compared to economists' expectations of minus 0.1 percent, according to Bloomberg's compilation.

Compared to the third quarter last year, growth was 0.7 percent.

"Sweden's GNP continued to develop somewhat weaker than the historical average", says Jessica Engdahl, section chief at National Accounts, in a press release.

Foreign trade in goods held back development, while a positive turnaround in inventory investments contributed to keeping growth above zero, according to the Statistics Sweden.

GNP is the sum of the value of all goods and services produced in the country.

Tags
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

Large increase in counterfeit goods in the EU
1 MIN READ

Large increase in counterfeit goods in the EU

SBAB lowers mortgage rate
1 MIN READ

SBAB lowers mortgage rate

Weak growth for retail trade
1 MIN READ

Weak growth for retail trade

Slight decline in stock exchange pre-trading
1 MIN READ

Slight decline in stock exchange pre-trading

Google accused of "illegal methods" - sued
1 MIN READ

Google accused of "illegal methods" - sued

Coffee at a record high price - how to avoid the price shock
2 MIN READ

Coffee at a record high price - how to avoid the price shock

Small investors sold Tesla shares after Trump's victory
1 MIN READ

Small investors sold Tesla shares after Trump's victory

Upwards in China after Stimulus Rumors
1 MIN READ

Upwards in China after Stimulus Rumors

Putin on the Ruble's Plunge: No Panic
1 MIN READ

Putin on the Ruble's Plunge: No Panic

The CSN loan becomes this much more expensive
1 MIN READ

The CSN loan becomes this much more expensive

Higher Inflation in Germany
1 MIN READ

Higher Inflation in Germany

"China's Window to Sweden" gets new owner
1 MIN READ

"China's Window to Sweden" gets new owner

SAS launches new long-haul route
1 MIN READ

SAS launches new long-haul route

Busch in Brussels: Support for European Batteries
2 MIN READ

Busch in Brussels: Support for European Batteries

So much lower will the ISK tax be next year
2 MIN READ

So much lower will the ISK tax be next year

Deficit in the State Budget Next Year
1 MIN READ

Deficit in the State Budget Next Year

Greater optimism among Swedish households
1 MIN READ

Greater optimism among Swedish households

Handelsbanken tops the buoyant stock market
1 MIN READ

Handelsbanken tops the buoyant stock market

Ikea: Tariffs may drive up prices
1 MIN READ

Ikea: Tariffs may drive up prices

Trump had dinner with Zuckerberg
1 MIN READ

Trump had dinner with Zuckerberg