In December, industrial production rose 1.3% over the previous month in seasonally and working-day adjusted terms. The increase contrasted the revised 1.5% decrease tallied in November (previously reported: -1.3% month-on-month) and exceeded market expectations of a 0.2% rise. According to Statistics Sweden (SCB), the increase was mainly driven by the electronics industry. Compared to the same month the year before, industrial production fell a working-day adjusted 2.2%, which followed the 5.0% decrease tallied in November. In the full year 2012, industrial output shrank 3.2%, contrasting a solid 6.8% increase registered in 2011.
Industrial production rebounds in December
February 8, 2013
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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.