Sweden Industry


Industrial production rebounds in February

Industrial production increased 2.2% in February over the previous month in seasonally-adjusted terms. The figure contrasted the 1.4% drop recorded in January (previously reported: -0.3% month-on-month) and overshot the 0.5% increase that markets had expected. According to Statistics Sweden (SCB), the monthly rebound came on the back of increases in non-durable consumer goods, non-metallic mineral products as well as chemicals and pharmaceuticals.

Compared to the same month last year, industrial production swung from a 1.0% contraction in January to a 1.7% increase in February. Annual average growth in industrial production rose from minus 3.3% in January to minus 3.0% in February.

FocusEconomics Consensus Forecast panelists see industrial production rising 1.9% in 2014, which is down 0.9 percentage points from the previous month's estimate. For 2015, the panel expects industrial production to increase 3.8%.

Author:, Economist

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Sweden Industry Chart

Sweden Industry February 2014

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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