Financial News: Swedish GDP Falls 0.2% In Q1

Swedish GDP Falls 0.2% In Q1

05/30/2025 - 04:56:00 (RTTNews)

(RTTNews) - Sweden's economy contracted in the first quarter of 2025, revised from the stagnant change estimated initially, the latest data from Statistics Sweden showed on Friday.

Gross domestic product fell 0.2 percent sequentially in the first quarter, reversing a 0.5 percent rise in the fourth quarter. Further, this was the first decline since the fourth quarter of 2023.

The downturn was mainly notable in gross fixed capital formation, while net exports rose significantly and contributed to holding GDP around the zero mark, the agency said.

On the expenditure side, household consumption dropped 0.2 percent, and gross fixed capital formation fell markedly by 3.8 percent lower investments in buildings and construction.

Meanwhile, general government consumption grew 0.1 percent. Both exports and imports climbed by 1.8 percent and 0.3 percent, respectively, resulting in favorable net exports.

On a yearly basis, GDP growth moderated to 0.9 percent from 2.4 percent. In the flash estimate, the rate of growth for the March quarter was 1.1 percent.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Denmark Consumer Confidence Weakens Slightly (47 min(s), 08 sec(s) ago)
(RTTNews) - Pessimism among Danish consumers worsened increased somewhat in July after a strong de ...Full Story»

U.S. Crude Oil Inventories Fall More Than Expected (02 hr(s), 09 min(s), 08 sec(s) ago)
(RTTNews) - Crude oil inventories in the U.S. decreased by more than expected in the week ended Ju ...Full Story»

U.S. Existing Home Sales Slump To Nine-Month Low In June (02 hr(s), 26 min(s), 08 sec(s) ago)
(RTTNews) - A report released by the National Association of Realtors on Wednesday showed existing ...Full Story»

South Africa Inflation At 4-Month High (06 hr(s), 0 min(s),08 sec(s) ago)
(RTTNews) - South Africa's consumer price inflation accelerated to a four-month high in June, ...Full Story»

Singapore Inflation Steady At 0.8% (08 hr(s), 34 min(s), 08 sec(s) ago)
(RTTNews) - Singapore's consumer prices logged a steady growth in June, official data revealed ...Full Story»

Sri Lanka Central Bank Holds Policy Rate (08 hr(s), 51 min(s), 08 sec(s) ago)
(RTTNews) - Sri Lanka's central bank maintained its interest rate on Wednesday amid intensifyi ...Full Story»

Australia's Leading Index Signals Soft Economic Activity In H2: Westpac (10 hr(s), 33 min(s), 08 sec(s) ago)
(RTTNews) - Australia's leading index signaled soft economic activity through the second half ...Full Story»

Singapore Inflation Data Due On Wednesday (10 min(s), 52 sec(s) ago)
(RTTNews) - Singapore will on Wednesday release June figures for consumer prices, highlighting a l ...Full Story»