Financial News: Sweden Posts Second Month Of GDP Contraction; Industry

Sweden Posts Second Month Of GDP Contraction; Industry Recovers

09/10/2026 - 07:53:00 (RTTNews)

(RTTNews) - Sweden's economy contracted for the second straight month in July, while industrial production recovered, separate reports from Statistics Sweden showed on Thursday.

Gross domestic product decreased 0.8 percent monthly in July, following a renewed 0.2 percent fall in June, preliminary data revealed.

The annual economic growth moderated to 2.5 percent from 2.9 percent.

"Year-on-year economic growth, however, remains clearly above the historical average seen over the preceding decade," Mattias Kain Wyatt, economist at Statistics Sweden, said.

Industrial production rose 0.2 percent annually in July, in contrast to a 0.5 percent decline in June.

Among sectors, manufacturing production advanced 0.6 percent after remaining flat in the prior month. The downturn in mining and quarrying eased to 9.0 percent from 14.3 percent, while the decline in utility sector output deepened notably to 13.2 percent from 7.8 percent.

Data showed that the growth in the construction sector was 1.1 percent, though it moderated from 5.2 percent a month ago.

On a monthly basis, industrial production dropped 3.6 percent in July after falling 0.7 percent in the prior month.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Austria Production Index Drops (11 min(s), 33 sec(s) ago)
(RTTNews) - Austria's production index dropped in July due to the fall in construction output, ...Full Story»

Sweden Posts Second Month Of GDP Contraction; Industry Recovers (37 min(s), 33 sec(s) ago)
(RTTNews) - Sweden's economy contracted for the second straight month in July, while industri ...Full Story»

Norway Inflation Rises To 4-month High (02 hr(s), 33 min(s), 33 sec(s) ago)
(RTTNews) - Norway's consumer price inflation accelerated further in August to the highest lev ...Full Story»

Spain Industrial Output Growth Improves (02 hr(s), 51 min(s), 33 sec(s) ago)
(RTTNews) - Spain's industrial output growth strengthened in July, driven by stronger increase ...Full Story»

Italy Industrial Output Recovers More Than Expected (03 hr(s), 10 min(s), 33 sec(s) ago)
(RTTNews) - Italy's industrial production expanded for the first time in three months in July, ...Full Story»

Finland Industrial Output Growth Improves To 4.5% (03 hr(s), 45 min(s), 33 sec(s) ago)
(RTTNews) - Finland's industrial production growth accelerated slightly in July to the highest ...Full Story»

German Inflation Confirmed At 4-month High (04 hr(s), 38 min(s), 33 sec(s) ago)
(RTTNews) - Germany's consumer price inflation accelerated to a four-month high in August, in ...Full Story»

Dutch Industrial Output Growth Strongest Since June 2022 (05 hr(s), 41 min(s), 33 sec(s) ago)
(RTTNews) - The Netherlands' industrial production expanded at its fastest pace in over four y ...Full Story»