In July, industrial production increased 0.3% over the previous month in seasonally and working-day adjusted terms. The expansion came in a notch below the 0.4% rise tallied in June. According to Statistics Sweden (SCB), the reading mainly reflected an increase in the mining and quarrying sector. Compared to the same month last year, however, industrial production fell a working-day adjusted 0.4%, which contrasted the 1.2% increase observed in June but was less than the 2.1% contraction expected by the market. Moreover, the trend continues to point downwards, with annual average growth falling from minus 0.6% in June to minus 1.1% in July.
Industrial production continues to expand in July
September 10, 2012
Looking for forecasts related to Industry in Sweden? Download a sample report now.
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.