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The Swedish economy advanced 0.1 percent on quarter in the three months June 2019, higher than a preliminary estimate and market expectations of a 0.1 percent contraction, the same pace in the previous period, final figures showed. Household consumption increased 1.1 percent (vs -0.3 percent in Q1) while government spending shrank 0.1 percent (vs 0.3 percent in Q1) and gross fixed capital formation declined 1.0 percent (vs -0.3 percent in Q1), mainly due to reduced investments in housing. Changes in inventories contributed to GDP growth by 0.1 percentage points. Meantime, net external demand contributed negatively, as exports remained unchanged (vs 0.9 percent in Q1) while imports rose 0.3 percent (vs -0.4 percent in Q1). Year-on-year, the economy grew 1 percent, lower than a preliminary estimate and consensus of a 1.4 percent expansion and easing from a downwardly revised 1.5 percent in the first quarter of the year.

Sweden's GDP contracted 0.1 percent in the second quarter of 2019, following a downwardly revised 0.5 percent expansion in the previous three-month period and missing market expectations of a 0.3 percent growth, a preliminary estimate showed. Gross fixed capital formation shrank 1.1 percent (vs -0.7 percent in Q1) and government spending declined 0.1 percent (vs unchanged in Q1), while household consumption rebounded firmly by 0.6 percent (vs -0.1 percent in Q1). Meanwhile, net external demand contributed positively as imports dropped 0.5 percent (vs -1 percent in Q1) and exports decreased at a slower 0.3 percent (vs 0.7 percent in Q1). Year-on-year, the economy grew 1.4 percent, also missing market consensus of 1.9 percent.

The Swedish economy grew 0.6 percent on quarter in the three months to March 2019, slowing from a 1.2 percent expansion in the previous period but beating market expectations of a 0.2 percent gain. Government spending grew much less (0.1 percent vs 0.4 percent in Q4) while both household consumption (-0.2 percent vs 0.6 percent) and fixed investment (-0.4 percent vs 1.1 percent) decreased. Changes in inventories provided no significant contribution to GDP growth in the first quarter. Meanwhile, net external demand contributed positively to growth, as exports rose (0.8 percent vs 3.1 percent in Q4) while imports fell (-0.7 percent vs 2.3 percent in Q4). Year-on-year, the GDP advanced 2.1 percent compared with a 2.4 percent growth in Q4 and market consensus of 1.7 percent.

The Swedish economy grew 1.2 percent on quarter in the three months to December 2018, recovering from a 0.1 percent contraction in the previous period and easily beating market consensus of 0.6 percent. It was the strongest pace of expansion since the second quarter of 2017 buoyed by solid increases in household consumption, government spending and exports, as well as a positive contribution from inventory changes.