Swedish GDP growth slows in June as economy faces headwinds

Monthly output contracted 0.2% in June, though annual growth held at 2.4%. The Riksbank will monitor the data for signs of persistent weakness.

By Handelsavisen Newsroom · Automated 2026-07-29 06:11 UTC · 1 min read

Swedish gross domestic product contracted by 0.2% in June compared to the previous month, signaling a slowdown in economic momentum.

Despite the monthly dip, the economy expanded by 2.4% on an annual basis, maintaining positive year-over-year growth.

8% annually, suggesting that the June weakness may be a temporary fluctuation rather than a structural break.

The second quarter as a whole saw GDP rise by 2.8% annually, suggesting that the June weakness may be a temporary fluctuation rather than a structural break.

The monthly contraction adds to concerns about the durability of Sweden's economic recovery.

While the annual figures remain robust, the month-on-month decline indicates that underlying demand may be softening.

This development is particularly relevant for the Riksbank, which is closely monitoring inflation and growth trends to determine the appropriate path for monetary policy.