The country’s gross domestic product contracted by 0.3 percent compared to the first quarter, when it grew 0.7 percent, according to Statistics Sweden.
“GDP decreased slightly in the second quarter. The downturn in the economy was wide but offset by the foreign trade in goods, where exports increased and imports decreased,” said Jessica Engdahl, head of national accounts at Statistics Sweden.
Household consumption fell by 0.2 percent, with lower spending on food and non-alcoholic drinks leading the decline.
Investment declined by 1.7 percent.
Economists expect the Swedish economy to strengthen by the end of the year as inflation eases and interest rates fall.
The Swedish central bank cut rates for the second time this year in August.
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