The Swedish economy shrank by 0.7% month-on-month in September 2026, following an upwardly revised 1.2% expansion in August, which had been the fastest pace of growth since March. September marked the fifth monthly decline so far this year and the sharpest contraction since February 2025.
“The Swedish economy contracted in September but grew over the third quarter as a whole thanks to strong growth in August,” said Neda Shahbazi, an economist at Statistics Sweden.
On an annual basis, GDP increased by 2.1% in September, easing from an upwardly revised 3.6% gain in the previous month, which had been the strongest year-on-year growth in three months.
