Sweden Good Growth In April

Sweden reported positive GDP and production growth in April, supported by a broad-based expansion in the business sector. Despite a temporary dip in household consumption in April, May data suggests a rebound as inflation eases.

Key Takeaways

• 1.Swedish production and GDP showed strong growth in April, with a 0.5% m/m GDP increase.
• 2.Household consumption dipped 0.8% in April but indicators suggest a rebound in May.