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Weak Swedish GDP growth - Swedish economy halting
Tuesday, 30 July 2013
Sweden's GDP rose 0.6 percent in the second quarter compared with the
same quarter of 2012. Compared with the previous quarter, GDP fell 0.1
percent, latest official data shows.
Analyst's survey had forecasted GDP growth to have rise by 1.1
percent compared with the same quarter in 2012, rising by 0.1 percent
over the previous quarter.
Statistic Sweden, which released that GDP figures reports that
household consumption expenditures as well as general government
consumption expenditures increased by 1.8 percent non-adjusted. Changes
in inventories contributed 0.6 percentage points to GDP growth.
Gross fixed capital formation decreased by 2.7 percent. Exports decreased by 3.2 percent and imports decreased by 2.8 percent.
Market production of goods and services increased 0.4 percent, working day adjusted.
Production of goods dropped by 1.9 percent and service-producing industries grew by 1.7 percent.
Total employment measured as the number of hours worked increased by
0.5 percent and the number of persons employed increased 0.8 percent.
The second quarter of 2013 included one more working day compared to
the second quarter of 2012. This means that working-day adjusted GDP is
0.5 percentage points lower than actual GDP.
by Scancomark.com Team