In August, industrial production increased 0.4% over the previous month in seasonally and working-day adjusted terms. The expansion doubled the 0.2% rise tallied in July and represents, in fact, the fourth consecutive monthly increase. According to Statistics Sweden (SCB), the reading mainly reflected a strong expansion in the motor vehicle industry. Compared to the same month last year, industrial production rose a working-day adjusted 3.2%, which contrasted the 0.9% decline observed in July and was above the 1.5% increase expected by the market. Moreover, the trend stabilized, with annual average growth remaining unchanged at July's minus 1.2%.
Industrial production expands for fourth straight month
October 10, 2012
Looking for forecasts related to Industry in Sweden? Download a sample report now.
Sweden Industry Chart
Note: Month-on-month seasonally adjusted changes and year-on-year variation of industrial production in %.
Source: Statistics Sweden (SCB) and FocusEconomics calculations.
Sweden Economic News
October 11, 2016
In September, consumer prices inched up 0.2% from the previous month, contrasting August’s 0.1% drop and falling short of market expectations of a 0.5% increase.
October 5, 2016
Industrial production dropped 4.1% from the previous month in seasonally-adjusted terms in August.
September 20, 2016
The Swedish economy lost steam in the first half of this year in comparison with 2015, although it remained amongst the best performing Nordic economies, which are suffering as the stagnation in global demand puts the brakes on their key exports sector.
September 13, 2016
In August, consumer prices inched down 0.1% over the previous month, contrasting both July’s 0.1% increase and market expectations of a flat reading.
September 7, 2016
At its 6 September policy meeting, the Riksbank decided to hold its repo rate at a record low of minus 0.50%, as expected by the market, and postponed the future interest rate hikes it had planned, which are now set for the second half of 2017.