actual 1.4, previous -0.4
The event is the release of the Gross Domestic Product (GDP) Month-over-Month (MoM) for Sweden (SE) in November. The actual growth rate reported is 1.4%, which is higher than the previous month's rate of -0.4%. The estimate was -0.1%, so the actual result exceeded expectations. This economic indicator measures the change in the value of all goods and services produced by the economy compared to the previous month. The impact of this event on the market is considered low, and it is reported in the local currency, Swedish Krona (SEK). The significant positive change of 450% compared to the previous month indicates a strong improvement in the GDP growth rate.