Sweden Industry


Industrial production rises slightly in October

In October, industrial production rose 0.5% over the previous month in seasonally and working-day adjusted terms. The increase contrasted the revised 4.2% decrease tallied in September (previously reported: -4.1% month-on-month) and was above market expectations of a flat reading. According to Statistics Sweden (SCB), the increase was mainly driven by the electronics industry.

Compared to the same month last year, industrial production fell a working-day adjusted 4.4%, which followed the 5.0% decrease observed in September. As a result of the negative reading, the trend continues to point downwards, with annual average growth falling from minus 1.9% in September to 2.5% in October.


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Sweden Industry Chart

Sweden Industry October 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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