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Sweden's GDP increases 4.9 percent during second quarter

09-21-2011 11:21 BJT

STOCKHOLM, Sept. 20 (Xinhua) -- Sweden's GDP increased by 4.9 percent, working-day adjusted and compared to the second quarter of 2010, according to a statement from Statistics Sweden on Tuesday.

"Seasonally adjusted GDP increased by 0.9 percent compared with the first quarter of 2011. Household consumption expenditures rose by 3.2 percent and general government consumption expenditures increased 1.0 percent," the statement said.

The changes in inventories amounted to a negative GDP change of 0.2 percentage points. Gross fixed capital formation increased by 10.3 percent. Exports increased 7.1 percent and imports 6.0 percent, according to the statement.

Production of goods increased 7.9 percent and service sector industries rose 6.0 percent working-day adjusted.

Meanwhile, total employment, measured as the number of hours worked, increased 1.7 percent while the number of employed persons increased 2.3 percent.

In the just published government budget, it is expected that the GDP growth will be at 1.3 percent in 2012 due to economic crisis caused by the debt crisis in some European countries, compared with 4.3 percent this year.

 

Editor:Yang Jie |Source: Xinhua

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