Sweden: GDP Indicator Slightly Increased in May

Sweden’s GDP slightly increased in May, according to preliminary data. The growth was marginal, reflecting a balance between stronger net trade and declining activity in construction. The GDP indicator provides an early snapshot of the country’s economic development and is based on limited and preliminary statistics. May’s GDP was 0.6% lower compared to the same month the previous year. The data will be revised as part of the regular process.

http://www.scb.se/hitta-statistik/statistik-efter-amne/nationalrakenskaper/ovrigt/nationalrakenskaper-ovrigt/pong/statistiknyhet/nationalrakenskaper-ovrigt-bnp-indikator-manad-maj-2023/