![USDSEK: Swedish economy shrinks 0.8% in Q2 USDSEK: Swedish economy shrinks 0.8% in Q2](https://shmi.ir/wp-content/themes/shmi/images/no-thumbnail2.jpg)
[ad_1] Better than expected Swedish GDP and retail sales figures yesterday helped the krona strengthen in yesterday’s trade against the US Dollar. The Swedish economy shrank by 0.8% in Q2, much less than the previously reported -1.5% preliminary figure and the consensus estimate of 1.3%. Surprisingly, retail sales increased in July by 1.0% m/m. Earlier,