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2026-05-29 14:37:44
[Sweden's economy contracted by 0.2% quarter-on-quarter in the first quarter, the first contraction in a year] ⑴ Sweden's economy contracted by 0.2% quarter-on-quarter in the first quarter, confirming the initial estimate and exceeding market expectations of a 0.1% decline. The previous figure was revised to a 0.8% increase, marking the first contraction in a year. ⑵ Government spending declined (down 2.1%, compared to a 2.7% increase in the fourth quarter), and gross fixed capital formation also declined (down 2.3%, compared to a 4.5% increase in the fourth quarter), mainly due to reduced construction investment. ⑶ Net trade also had a negative impact, as imports (up 2.5%, compared to a 0.2% increase in the fourth quarter) outpaced exports (up 2.2%, compared to a 0.8% decline in the fourth quarter). Meanwhile, household consumption continued to grow (up 0.6%). ⑷ On an annualized basis, GDP grew by 2%, revised upward from the initial estimate of 1.6%, but lower than the market expectation of 2.3% growth, with the annual growth rate remaining the same as the previous quarter.
