Sweden Industry


Industrial production expands for fourth straight month

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%.


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Sweden Industry Chart

Sweden Industry August 2012

Note: Month-on-month seasonally adjusted changes and year-on-year variation of industrial production in %.
Source: Statistics Sweden (SCB) and FocusEconomics calculations.

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