FOREX TradingCharts.com

Financial News: Swedish GDP Contracts In May, Industrial Output Grows

Swedish GDP Contracts In May, Industrial Output Grows Further

07/10/2025 - 03:42:00 (RTTNews)

(RTTNews) - Sweden's economy shrank for the first time in three months in May, weighed down by lower output in service-producing industries and general government, data from Statistics Sweden showed on Thursday.

Separate official data showed that industrial production increased for the second straight month.

Gross domestic product dropped 0.2 percent month-on-month in May, reversing a 0.2 percent rise in the prior month.

"Seen from the use side of the economy, the downturn was explained, among other factors, by lower figures for household consumption and a weakening of net exports concerning goods," Mattias Kain Wyatt, an economist at Statistics Sweden, said.

On a yearly basis, GDP advanced 0.5 percent in May, though slower than the 0.9 percent growth in April.

Data showed that household consumption decreased by 1.2 percent monthly, while it grew 0.6 percent annually in May.

Industrial production advanced 5.0 percent annually in May, following a 5.3 percent recovery in the prior month.

Among manufacturing industries, the industry for fabricated metal products logged an annual growth of 1.1 percent, while that for paper and paper products fell by 2.3 percent.

Construction output rose at a slower pace of 0.3 percent annually in May, after a 1.0 percent increase a month ago.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2025 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Portugal Economy Rebounds In Q2 (19 min(s), 18 sec(s) ago)
(RTTNews) - Portugal's economy expanded in the second quarter after shrinking in the first thr ...Full Story»

Fed Leaves Interest Rates Unchanged In Divided Decision (01 hr(s), 01 min(s), 18 sec(s) ago)
(RTTNews) - The Federal Reserve on Wednesday announced its widely expected decision to leave inter ...Full Story»

Netherlands GDP Growth Slowest Since Early 2024 (04 hr(s), 02 min(s), 18 sec(s) ago)
(RTTNews) - The Netherland's economy barely grew in the second quarter to mark the weakest exp ...Full Story»

U.S. Pending Home Sales Unexpectedly Decrease In June (04 hr(s), 27 min(s), 18 sec(s) ago)
(RTTNews) - Pending home sales in the U.S. unexpectedly decreased in the month of June, according ...Full Story»

U.S. Crude Oil Inventories Unexpectedly Increase Sharply (04 hr(s), 47 min(s), 18 sec(s) ago)
(RTTNews) - A report released by the Energy Information Administration on Wednesday unexpectedly s ...Full Story»

Bank Of Canada Leaves Interest Rates Unchanged For Third Straight Meeting (05 hr(s), 11 min(s), 18 sec(s) ago)
(RTTNews) - In a widely expected move, the Bank of Canada on Wednesday announced that it has once ...Full Story»

U.S. GDP Rebounds In Q2 Amid Sharp Pullback By Imports (05 hr(s), 21 min(s), 18 sec(s) ago)
(RTTNews) - The Commerce Department released a report on Wednesday showing the U.S. economy reboun ...Full Story»

U.S. Private Sector Job Growth Exceeds Estimates In July (05 hr(s), 36 min(s), 18 sec(s) ago)
(RTTNews) - Payroll processor ADP released a report on Wednesday showing private sector employment ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Portugal Economy Rebounds In Q2

07/30/2025 - 15:06 PM (RTTNews)
(RTTNews) - Portugal's economy expanded in the second quarter after shrinking in the first thr ...Full Story>>

Fed Leaves Interest Rates Unchanged In Divided Decision

07/30/2025 - 14:24 PM (RTTNews)
(RTTNews) - The Federal Reserve on Wednesday announced its widely expected decision to leave inter ...Full Story>>

Netherlands GDP Growth Slowest Since Early 2024

07/30/2025 - 11:23 AM (RTTNews)
(RTTNews) - The Netherland's economy barely grew in the second quarter to mark the weakest exp ...Full Story>>

U.S. Pending Home Sales Unexpectedly Decrease In June

07/30/2025 - 10:58 AM (RTTNews)
(RTTNews) - Pending home sales in the U.S. unexpectedly decreased in the month of June, according ...Full Story>>

U.S. Crude Oil Inventories Unexpectedly Increase Sharply

07/30/2025 - 10:38 AM (RTTNews)
(RTTNews) - A report released by the Energy Information Administration on Wednesday unexpectedly s ...Full Story>>

Do not sell my personal information

Copyright © 2025. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.