Sweden's economy contracted in July, while industrial production expanded at a slower pace, separate reports from Statistics Sweden showed on Wednesday.Gross domestic product dropped 0.2 percent month-on-month in July, reversing a 1.4 percent rebound in the previous month."GDP decreased slightly in July, partially driven by lower production in the goods industries and weaker net export of goods," ...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.