Sweden’s economy slipped back into contraction in September 2026, with gross domestic product (GDP) declining 0.7% month-over-month, according to data updated on 29 October 2026. The setback follows a 1.1% month-over-month expansion in August 2026, marking a sharp swing in short-term economic momentum.
The latest figures show that September’s performance not only erased August’s gains but also signaled increased volatility in Sweden’s monthly growth profile. On a month-over-month basis, the “actual” September reading of -0.7% compares with the “previous” August figure of 1.1%, which itself reflected growth relative to July.
The reversal will likely sharpen market and policymaker focus on the resilience of Sweden’s recovery trajectory, as back-to-back swings from solid expansion to contraction complicate the near-term outlook for growth and economic planning.
