SwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

Swedish economy slowed down during the quarter

» Published: 29 July 2024

Swedish economy slowed down during the quarter
Photo: Janerik Henriksson/TT

Sweden's gross national product (GNP) increased by 0.9 percent in June compared to May, according to a preliminary so-called GNP indicator from the Statistics Sweden (SCB).

Compared to a year earlier, the Swedish economy grew by 1.9 percent in June.

During the second quarter as a whole, however, GNP decreased by 0.8 percent compared to the first quarter of the year. Compared to the second quarter last year, GNP was unchanged, according to SCB.

"The Swedish economy grew in June, but the development for the quarter as a whole was weighed down by weak figures for April", says Mattias Kain Wyatt, national economist at the agency, in a press release.

In May, the economy contracted by 0.1 percent compared to the previous month, according to revised statistics.

The GNP indicator provides an early picture of the economy's development and is based on a more limited statistical basis than regular quarterly and monthly figures.

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

More news

Apple beats expectations – record result
2 MIN READ

Apple beats expectations – record result

Wall Street defies obstacles
2 MIN READ

Wall Street defies obstacles

New Record for the Gold Price
1 MIN READ

New Record for the Gold Price

These are the products that performed worst in the test last year
2 MIN READ

These are the products that performed worst in the test last year

Sweden terminates tax agreement with Russia
1 MIN READ

Sweden terminates tax agreement with Russia

The Tech Giant Launches AI Model
1 MIN READ

The Tech Giant Launches AI Model

USA's economy slows down more than expected
1 MIN READ

USA's economy slows down more than expected

The ECB lowers the interest rate – more is expected
2 MIN READ

The ECB lowers the interest rate – more is expected

TikTok recruits tech talent through unusual channels

TikTok recruits tech talent through unusual channels

The Government Tightens Requirements for Fast Loans
2 MIN READ

The Government Tightens Requirements for Fast Loans

Crisis meetings in Brussels on the automotive industry
1 MIN READ

Crisis meetings in Brussels on the automotive industry

No Growth in EU Economy
1 MIN READ

No Growth in EU Economy

The State Budget Deficit Reaches 100 Billion
1 MIN READ

The State Budget Deficit Reaches 100 Billion

The Swedish economy is stagnant.
1 MIN READ

The Swedish economy is stagnant.

Greenhouse gas emissions continue to increase
1 MIN READ

Greenhouse gas emissions continue to increase

Better Sales in Retail Trade
1 MIN READ

Better Sales in Retail Trade

Electrolux Returns to Profit
1 MIN READ

Electrolux Returns to Profit

"Women First" as H&M Aims to Boost Sales
3 MIN READ

"Women First" as H&M Aims to Boost Sales

The Stockholm Stock Exchange closed with an increase
1 MIN READ

The Stockholm Stock Exchange closed with an increase

Profit Boost for Evolution – Increases Dividend
1 MIN READ

Profit Boost for Evolution – Increases Dividend