During the third quarter, Sweden’s gross domestic product (GDP) increased by 0.3 percent compared to the previous quarter, according to Statistics Sweden. Household consumption remains weak, unchanged compared to the previous quarter.
That can be compared with economists’ expectations of minus 0.1 percent, according to Bloomberg’s compilation.
Compared to the third quarter last year, growth was 0.7 percent.
“Sweden’s GDP continued to develop somewhat weaker than the historical average,” says Jessica Engdahl, head of section at National Accounts, in a press release.
Foreign trade in goods held back development, while a positive turnaround in inventory investments helped to keep growth above the zero line, according to Statistics Sweden.
GDP is the sum of the value of all goods and services produced in the country.