National accounts: Monthly GDP indicator, April 2021
GDP indicator: Activity decreased in April
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.
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.
| Published on 8 June 2021 | |||
|---|---|---|---|
| Production | Use | Reconciled | |
| 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.