Swedish Economy Stagnates; Industrial Output Growth Accelerates

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2023-06-09 13:56:05  • 2 mins

Sweden's economy remained unchanged in April after contracting in the previous two months, data from Statistics Sweden showed on Friday.

Separate official data showed that industrial production advanced for the fifth straight month in April and at a faster pace.

Gross domestic product flattened in April after falling slightly by 0.1 percent in March.

"Economic activity remained largely unchanged in April compared to March, with limited changes in several big aggregates," Neda Shahbazi, economist at Statistics Sweden, said.

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