* Q3 growth revised higher
* GDP grew 4.9% qtr/qtr, fell 2.5% yr/yr
* Pvs reading +4.3%, -3.5%
* Fresh wave of COVID infections seen hitting Q4
STOCKHOLM, Nov 27 (Reuters) - Sweden's economy recovered
faster than previously reported in the third quarter, as
manufacturing led the bounce back from a record dip due to the
coronavirus pandemic and measures to halt its spread, data from
the Statistics Office showed on Friday.
Gross domestic product was upwardly revised to growth of
4.9% in the third quarter from the previous three month period
and revised up to 2.5% contraction from a year earlier.
A preliminary reading had shown the economy grew 4.3 percent
in the quarter and contracted 3.5 percent on an annual basis.
Growth was driven by household consumption and export of
manufactured goods, the statistics office said.
Sweden's economy has fared better than many in Europe with
the country opting against the kind of strict lockdown adopted
across much of Europe in the spring.
Neverthless, the dip in GDP in the April-June period was a
record, even though those figures were also revised on Friday to
show a milder contraction.
With a second wave of infections sweeping across Europe
there are concerns that the recovery could stall.
On Thursday, the central bank forecast the economy would
shrink 4.0% this year, a worse outcome than the 3.6% it had
expected in September.
It also cut its forecast for growth next year.
"Going forward, we forecast a slight drop in growth for Q4,"
Swedbank said in a note. "The recovery will be bumpy and there
is a great deal of uncertainty."
(Reporting by Simon Johnson; editing by Philippa Fletcher)