"The main reason for the slowdown is of course the uncertainy in the Eurozone, which affects exports," Bergqvist said. "What we are seeing right now is very much aligned with expectations. There is no full stop in Sweden's economy."
Thursday's figures indicate that consumer confidence is up, which Bergqvist attributes low interest rates, wage increases and solid public finances.
"The combination of fairly strong balance sheets, quite good real wage increases and expectations of lower interest rates – these are the things making Sweden's households and consumers less pessimistic about the future."
That, however, does not mean Sweden's GDP growth for the second quarter – due to be announced on Monday, 30 July – will match the strong growth seen at the start of the year.
"We had a very strong first quarter. We are not going to see that kind of strength. Around 0.3 or 0.4 percent is what I think it will be. The normal growth level would be 2 or 3 percent. So it's slower than usual, but we are not at a standstill right now," said Bergqvist.