The Swedish economy expanded at a weaker pace than estimated previously in the second quarter of 2012, data released by Statistics Sweden showed Friday.
The seasonally adjusted gross domestic product rose a revised 0.7 percent quarter-on-quarter in the second quarter, compared to 1.4 percent growth reported in the preliminary estimate. The first quarter GDP growth was also revised down to 0.7 percent from the previously estimated 0.9 percent expansion.
On an annual basis, GDP rose 1.3 percent in the second quarter on a working-day adjusted basis, weaker than the earlier estimate of 2.3 percent. The first quarter 2012 GDP growth has been revised downwards by 0.2 points.
Compared to the first quarter, household spending increased 0.8 percent and government expenditure grew 0.4 percent on a un-adjusted basis. The changes in inventories amounted to a negative GDP change of 0.5 percentage points.
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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.