Sweden Industry


Industrial production increases slightly in June

In June, industrial production increased 0.4% over the previous month in seasonally and working-day adjusted terms. The expansion came in well below the 3.6% rise tallied in May (previously reported: +3.5% month-on-month). According to Statistics Sweden (SCB), the reading mainly reflected an increase in the electrical equipment industry. Compared to the same month last year, industrial production increased a working-day adjusted 1.1%, which contrasted the 2.4% decline observed in May and the 1.1% contraction expected by the market. Nevertheless, the trend continues to point downwards, with annual average growth falling from minus 0.3% in May to minus 0.6% in June.

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Sweden Industry Chart

Sweden Industry June 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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