Swedish Economy Contracts Again in Flash Quarterly Data

Sweden’s economy unexpectedly contracted in the third quarter, according to an initial estimate signaling that an expected recovery has yet to get off the ground.

In the three months through September, gross domestic product shrank by 0.1% on quarter, according to preliminary data published by Statistics Sweden Tuesday. The median forecast in a Bloomberg survey was for 0.3% growth from the previous three months. The initial estimate is often subject to sizable revisions.