Statistics Sweden reports a preliminary GDP decrease of 0.5% month-on-month in January 2025, driven by declines in household consumption and production sectors. Despite this, the year-on-year comparison shows a 2% rise from January 2024. Notably, household consumption decreased 0.7% against December, while specific sectors such as clothing suffered a significant 3.9% fall. Conversely, the transport and retail category saw an 11.6% increase. Future data is expected on February stats in April and first-quarter figures in May.
The Swedish economy began the new year with a drop from high levels in December, with decreases in both household consumption and production in the manufacturing industry and construction.
GDP in January saw a 2 percent increase year-on-year when compared to January 2024, despite the 0.5 percent month-on-month decrease.
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