Financial News: Swedish Q2 GDP Rebounds More Than Estimated

Swedish Q2 GDP Rebounds More Than Estimated

08/28/2026 - 04:24:00 (RTTNews)

(RTTNews) - Sweden's economy expanded more than initially estimated in the June quarter, marking its fastest growth in over two years, the latest data from Statistics Sweden showed on Friday.

Gross domestic product rose 1.6 percent sequentially in the second quarter, reversing a 0.1 percent revised fall in the first quarter. In the flash estimate, the rebound was 1.4 percent. Moreover, this was the fastest increase since the first quarter of 2024.

The second-quarter expansion was driven by increases in gross fixed capital formation, exports, and household consumption, while inventory changes offset some gains.

On the expenditure side, household consumption grew 0.9 percent, led by more spending on food and furnishings. General government consumption rose 0.7 percent, and gross fixed capital formation advanced 3.5 percent due to more investments in total machinery and equipment and weapon systems.

Net foreign demand was favorable as exports climbed 1.0 percent amid a 0.1 percent slight increase in imports.

The annual economic growth accelerated to 3.3 percent from 2.0 percent in the March quarter. That was above the 2.5 percent growth seen in the earlier estimate.

Separate official data showed that the annual retail sales growth in Sweden eased to a 3-month low of 6.2 percent in July from 7.7 percent in June. Sales in durables increased 8.6 percent, and retail sales in consumables increased by 5.3 percent. Monthly, retail sales dropped 0.2 percent, reversing a 1.4 percent rise in June.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Existing Home Sales Unexpectedly Rebound In September (03 hr(s), 56 min(s), 02 sec(s) ago)
(RTTNews) - Existing home sales in the U.S. unexpectedly increased in the month of September, acco ...Full Story»

IMF Raises Global Growth Outlook Despite Geopolitical Tensions (04 hr(s), 35 min(s), 02 sec(s) ago)
(RTTNews) - The International Monetary Fund upgraded its global growth outlook despite concerns ov ...Full Story»

Czech Inflation Confirmed At 2.5% (06 hr(s), 35 min(s), 02 sec(s) ago)
(RTTNews) - Czech inflation rose to a five-month high in September, as initially estimated, final ...Full Story»

UK Retail Sales Growth Eases: BRC (08 hr(s), 42 min(s), 02 sec(s) ago)
(RTTNews) - UK retail sales growth eased in September as households reduced spending amid concerns ...Full Story»

Ireland Construction Activity Growth Slows (09 hr(s), 17 min(s), 02 sec(s) ago)
(RTTNews) - Ireland's construction sector grew at a slower pace in September largely due to th ...Full Story»

German Inflation Confirmed At 3.3%; Strongest Since 2023 (10 hr(s), 19 min(s), 02 sec(s) ago)
(RTTNews) - Germany's inflation accelerated to the highest level since late 2023 in September ...Full Story»

Australia Business Confidence Weakens For Third Straight Month: NAB (12 hr(s), 40 min(s), 02 sec(s) ago)
(RTTNews) - Australia's business sentiment deteriorated for the third straight month in Septem ...Full Story»

Japan Producer Prices Sink 0.3% In September (45 min(s), 58 sec(s) ago)
(RTTNews) - Producer prices in Japan were down a seasonally adjusted 0.3 percent on month in Septe ...Full Story»