National accounts: Monthly GDP indicator, September 2026
Lower GDP in September
Statistical news from Statistics Sweden 2026-10-29 8.00
Swedish GDP decreased by 0.7 percent in September, seasonally adjusted and compared with the previous month, according to the preliminary compilation of the GDP indicator. For the third quarter as a whole GDP increased with 0.4 percent compared with the preceding quarter. Calendar adjusted GDP for September was 2.1 percent higher than in the corresponding month of the preceding year, while GDP for the quarter as a whole was 2.8 percent higher than in the third quarter of 2025.
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.
"The Swedish economy contracted in September but increased in the third quarter as a whole due to strong growth in August", says Neda Shahbazi, economist at Statistics Sweden.
GDP, seasonally adjusted volume development and index (2025 = 100)
Balancing and revisions
In a first step, the GDP indicator calculates two separate GDP outcomes from the production and use sides 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 September showed actual GDP development from the use side of 1.5 percent and corresponding development from the production side of 2.9 percent, compared with the corresponding month a year ago. In line with standard balancing procedures, this results in a reconciled actual change in GDP of 2.2 percent. For the quarter as a whole, non-adjusted GDP development was 2.2 percent for the use side and 3.4 percent for the production side compared with the corresponding quarter a year ago. This resulted in actual GDP growth of 2.8 percent.
Both September and the quarter as a whole had the same number of working days as the corresponding periods of the previous year.
In accordance with the revision policy for the GDP indicator, only months in the current quarter have been revised.
GDP, actual development from the production and use side and reconciled results
| Published 29/10/2026 | Published 09/10/2026 | |||||
| Prod. | Use | Reconciled | Prod. | Use | Reconciled | |
| July | 3.5 | 2.3 | 2.9 | 3.3 | 2.2 | 2.7 |
| August | 4.2 | 3.0 | 3.6 | 3.2 | 3.7 | 3.5 |
| September | 2.9 | 1.5 | 2.2 | |||
| Third quarter | 3.4 | 2.2 | 2.8 | |||
Additional information
Time series and revision history for the GDP indicator.
For more information about the indicator, see Compilation of the Swedish GDP indicator.