Sweden's GDP increased 2.3 percent second quarter 2012

Sweden's GDP increased 2.3 percent the second quarter, working-day adjusted and compared to the second quarter of 2011. Seasonally adjusted GDP increased by 1.4 percent compared with the first quarter of 2012. Household consumption expenditures increased by 0.8 percent and general government consumption expenditures increased 1.1 percent non-adjusted. The changes in inventories gave a negative effect on GDP by 0.1 percentage points. Gross fixed capital formation increased by 1.8 percent. Exports increased 1.7 percent and imports decreased 0.2 percent. Production of goods & services increased 2.7 percent. Production of goods increased 2.2 percent and service sector industries increased 3.0 percent working-day adjusted. Total employment, measured as the number of hours worked, were unchanged while the number of employed persons increased 0.4 percent.