Sweden GDP contracts 0.8% m/m in July, annual growth slows to 2.5%

Sweden's GDP fell 0.8% month-on-month in July, a sharp reversal from June, while annual growth eased to 2.5%. The monthly decline signals a loss of momentum in the Swedish economy, though the annual figure remains positive. This may pressure the Riksbank to consider easing policy, but the data is preliminary and subject to revision.