SwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

Swedish economy slowed down during the quarter

» Updated: 29 July 2024, 20:45

» 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

Strike hits French Cognac
1 MIN READ

Strike hits French Cognac

Upbeat in Japan – Gloomy in China
1 MIN READ

Upbeat in Japan – Gloomy in China

Took a tough stance on crypto companies - resigns
1 MIN READ

Took a tough stance on crypto companies - resigns

Ingvar Carlsson on PG: "A very loyal friend"
2 MIN READ

Ingvar Carlsson on PG: "A very loyal friend"

No Wage Guarantee in American Process
1 MIN READ

No Wage Guarantee in American Process

He became "PG" to the entire Swedish people
3 MIN READ

He became "PG" to the entire Swedish people

PG Gyllenhammar has died: "meant a lot"
1 MIN READ

PG Gyllenhammar has died: "meant a lot"

Unstable US stock market ends on a plus
1 MIN READ

Unstable US stock market ends on a plus

Temu's owner shows its hand
1 MIN READ

Temu's owner shows its hand

Nvidia rises in pre-trading on Wall Street
1 MIN READ

Nvidia rises in pre-trading on Wall Street

Reconstruction in the USA to save Northvolt
3 MIN READ

Reconstruction in the USA to save Northvolt

Northvolt: Negotiations are still ongoing
3 MIN READ

Northvolt: Negotiations are still ongoing

Higher Compensation for Job Interviews in Another Location
1 MIN READ

Higher Compensation for Job Interviews in Another Location

Vehicle Giant Warns of Challenges in 2025
1 MIN READ

Vehicle Giant Warns of Challenges in 2025

Unchanged interest rate in Turkey
1 MIN READ

Unchanged interest rate in Turkey

Trump anxiety in the EU over US tariffs
3 MIN READ

Trump anxiety in the EU over US tariffs

Weak demand for scrapping premium
1 MIN READ

Weak demand for scrapping premium

E-fuel company takes in half a billion
1 MIN READ

E-fuel company takes in half a billion

New Report Boost for AI Giant Nvidia's Share
2 MIN READ

New Report Boost for AI Giant Nvidia's Share

Stockholm Stock Exchange Turned Upwards
1 MIN READ

Stockholm Stock Exchange Turned Upwards