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Service figures suggest falling GDP

Tuesday, 06 December 2011
The Swedish service production rose by 2.9 percent in October compared to the same month last year.


But compared with September production fell by 0.5 percent. It was worse than expected and therefore analysts in both Nordea and SEB are now talking about possibly falling GDP for the fourth quarter.

"October figure suggests that GDP will fall during the fourth quarter, on a quarterly basis, following the sharp rise the third quarter," writes Nordea in a statement.

By Scancomark.se


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