Financial News: Swedish GDP Falls 0.3% In October

Swedish GDP Falls 0.3% In October

12/10/2025 - 04:16:00 (RTTNews)

(RTTNews) - Sweden's economy contracted for the second straight month in October, while industrial production grew at a slower pace, separate reports from Statistics Sweden showed on Wednesday.

Gross domestic product decreased 0.3 month-on-month in October, following a 0.1 percent fall in the previous month.

"Swedish economic activity contracted slightly in October with lower production in the business sector as well as declining household consumption," Melker Pettersson Loberg, economist at Statistics Sweden, said.

On an annual basis, GDP grew 2.1 percent in October, slower than the 2.8 percent expansion a month ago.

Another report indicated that industrial production advanced 5.9 percent annually in October, though slower than the 14.6 percent growth in the prior month.

Among components, the annual increase in manufacturing moderated to 5.5 percent from 14.6 percent. The growth in mining and quarrying slowed slightly to 13.6 percent from 14.8 percent.

Production in the service sector rose 3.0 percent, and the construction sector grew by 3.6 percent.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Malta HICP Inflation Eases To 2.4% (29 min(s), 26 sec(s) ago)
(RTTNews) - Malta's EU measure of inflation moderated slightly in December to the lowest level ...Full Story»

Slovakia HICP Inflation Rises To 4.1% (39 min(s), 26 sec(s) ago)
(RTTNews) - Slovakia's EU measure of inflation increased in December after remaining stable in ...Full Story»

Eurozone Inflation Eases To 1.9% (49 min(s), 26 sec(s) ago)
(RTTNews) - Eurozone inflation eased more than initially estimated in December, final data from Eu ...Full Story»

Czech Producer Prices Fall 2.1% (55 min(s), 26 sec(s) ago)
(RTTNews) - The Czech Republic's producer prices continued to decrease in December, figures fr ...Full Story»

Austria Inflation Confirmed At 3.8% (01 hr(s), 26 min(s), 26 sec(s) ago)
(RTTNews) - Austria's consumer price inflation moderated as initially estimated in December an ...Full Story»

China GDP Growth Hits 5% Target Despite Trade Frictions (03 hr(s), 16 min(s), 26 sec(s) ago)
(RTTNews) - China's economy achieved its growth target in 2025, weathering trade threats but t ...Full Story»

Japan Industrial Output Falls More Than Estimated (04 hr(s), 35 min(s), 26 sec(s) ago)
(RTTNews) - Japan's industrial production decreased more than initially estimated in November, ...Full Story»

China GDP Climbs 1.2% In Q4 (45 min(s), 34 sec(s) ago)
(RTTNews) - China gross domestic product expanded a seasonally adjusted 1.2 percent on quarter in ...Full Story»