Sweden's economic growth improved in the second quarter, data from Statistics Sweden revealed Monday.
The economy expanded 2.3 percent year-on-year, after rising 1.5 percent a quarter ago. Annual growth improved for the second straight quarter and was the strongest since third quarter last year.
Likewise, gross domestic product gained by a seasonally adjusted 1.4 percent sequentially, faster than the revised 0.9 percent growth in the previous quarter.
Production of goods increased 2.2 percent and service sector industries climbed 3 percent on a working-day adjusted basis in the second quarter.
Household consumption expenditures increased 0.8 percent and general government consumption spending advanced 1.1 percent non-adjusted. The changes in inventories gave a negative effect on GDP by 0.1 percentage points.
Gross fixed capital formation grew 1.8 percent. Exports increased 1.7 percent, while imports fell 0.2 percent.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.