Global · Source: scb.se

Sweden's GDP indicator: output fell 0.7% in September, Q3 up 0.4%

Published 29 Oct 2026, 08:00 CET

Editor: Hedal Kolanyi / AI-assisted

Corrections: none so far. Spotted an error? Tell us via the Contact page.

Summary: Sweden's economy shrank in September, according to an early estimate from Statistics Sweden (SCB), but the third quarter still grew overall thanks to a strong August.

What happened

SCB's GDP indicator shows output fell 0.7% in September compared with August, after seasonal adjustment. For July to September together, GDP was 0.4% higher than in the previous quarter.

Compared with a year earlier, calendar-adjusted GDP was 2.1% higher in September and 2.8% higher for the quarter as a whole.

SCB economist Neda Shahbazi said the economy "contracted in September but increased in the third quarter as a whole due to strong growth in August".

SCB also explained how it reached the figures. It calculates GDP from both the production side and the spending (use) side and then reconciles the two. Before reconciliation, the September data showed a 2.9% annual increase from the production side and 1.5% from the use side. For the quarter, the figures were 3.4% and 2.2%. Under SCB's revision policy, only months in the current quarter were revised. August's reconciled annual figure was revised to 3.6% from 3.5%.

Background

The GDP indicator is an early, less complete measure than the regular quarterly national accounts. SCB says the monthly version lies outside official statistics and is classed as statistics under construction. The national news agency TT, as published by TV4, described the quarterly result as more moderate growth after a stronger second quarter.

Why it matters for markets and crypto

Early growth data help households, companies and policymakers judge the state of the Swedish economy, and they feed into assessments of interest rates and the krona. There is no direct link to digital asset markets. The data relate to the wider economy.

What to watch next

27 November 2026, 08:00: SCB's full quarterly national accounts for Q3 2026.
10 December 2026, 08:00: the GDP indicator for October 2026.

Sources

Disclaimer: Xorchain Economy news is provided for general information only. It is not financial, investment, legal or tax advice, and it is not an offer or recommendation to buy, sell or hold any asset. Articles are written in our own words from official and other public sources, which are credited and linked at the end of each article. Short quotes are attributed to their authors. Articles are prepared with AI assistance and reviewed by the editor before publication. Figures may be revised by the source, and the original publication prevails. Xorchain is an early-stage project, has no token for sale, and has no affiliation with the institutions mentioned unless stated. Do your own research and consult a qualified adviser before making financial decisions.

Conflict of interest: xorchain.io is an early-stage blockchain project; the author has an interest in it. This is not investment advice.