logo
Plus   Neg
Share
Email

Sweden Growth Strongly Rises In Q4, Tops Forecast

Sweden's economic growth accelerated sharply in the fourth quarter of 2018, and beat economists' expectations by a wide margin, underpinned by strong consumption and exports, data from Statistics Sweden showed on Thursday.

Gross domestic product grew 2.4 percent year-on-year following 1.5 percent expansion in the third quarter. Economists had expected the pace of growth to remain unchanged.

On a quarter-on-quarter basis, GDP rose 1.2 percent after a 0.1 percent contraction in the previous three months. The growth was double the 0.6 percent economists had expected.

Household consumption grew 0.7 percent quarterly and state spending rose 0.6 percent. Exports climbed 3.1 percent and imports increased 1.4 percent. In contrast, investments decreased 1.6 percent.

Changes in inventories added 0.3 percentage points to the fourth quarter growth.

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Follow RTT
>