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National accounts: Monthly GDP indicator, April 2021

GDP indicator: Activity decreased in April

Statistical news from Statistics Sweden 2021-06-08 9.30

Sweden’s GDP decreased by 1.4 percent in April, seasonally adjusted and compared with the previous month, as shown by the preliminary compilation of the GDP indicator.

The GDP indicator provides an early picture of the development of the gross domestic product, GDP. It is compiled on a monthly and quarterly basis with more limited and preliminary statistics than the regular quarterly national accounts. The monthly version of the indicator lies outside the official statistics and is classified as statistics under construction.

“GDP decreased in April compared with the previous month, following a strong development in March. Falling household consumption was a main contributor to this decrease,” says Mattias Kain Wyatt, statistician at Statistics Sweden.

For more information on household consumption, see:

Monthly Indicator of Household Consumption Expenditure

Economic activity was 8.6 percent higher in April 2021, calendar-adjusted, compared with April 2020. This month had the same number of working days as last year.

GDP, seasonally adjusted volume development and index (2020 = 100)

diagram

Balancing and revisions

In a first step, the GDP indicator calculates two separate GDP outcomes from the production and use side of the economy. Then a reconciliation is made in which one side is adjusted downwards and the other side is adjusted upwards to arrive at a single final result. Before reconciliation, the statistical data in April showed actual GDP development from the use side of 8.6 percent and corresponding development from the production side of 8.6 percent, compared with the corresponding month a year ago. In line with ordinary balancing procedures, this results in reconciled actual GDP development of 8.6 percent.

In accordance with the revision policy of the GDP indicator, only months in the current quarter are revised.

GDP, actual development from the production and use side and reconciled results in current and previous publications
 Published on 8 June 2021
 ProductionUseReconciled
April 8.6 8.6 8.6

 

Additional information

Time series and revision history for the GDP indicator.

For more information about the indicator, see Compilation of the Swedish GDP indicator.

Next publishing will be

The GDP indicator for May 2021 will be published on 2021-07-07 at 09.30.

The ordinary calculation of the second quarter 2021 will be published 2021-08-27 at 09.30.

Statistical Database

More information is available in the Statistical Database

Feel free to use the facts from this statistical news but remember to state Source: Statistics Sweden.

Statistical agency and producer

Statistics Sweden, National Accounts

Address
Solna strandväg 86
171 54 Solna
E-mail
nrinfo@scb.se

Enquiries

Mattias Kain Wyatt

Telephone
+46 10-479 43 56
E-mail
mattias.kain.wyatt@scb.se

Melker Pettersson Loberg

Telephone
+46 10 479 43 74
E-mail
melker.petterssonloberg@scb.se