Sweden GDP Indicator falls to -0.8% M/M in July, misses estimates

Sweden's July GDP Indicator SA contracted 0.8% month-on-month, significantly worse than the -0.1% forecast and prior -0.2%, signaling economic weakness. Year-on-year growth held at 2.5% versus 2.4% prior. The sharp monthly miss weakens the growth narrative traders are pricing into Riksbank rate expectations, pressuring EUR/SEK and affecting broader risk sentiment amid hawkish Fed repricing.