Sweden: Industrial output rebounds in April
Industrial output expanded 2.2% in month-on-month seasonally adjusted terms in April, which contrasted March’s 2.7% decrease. April’s rise was largely due to a notable rebound in manufacturing output. In contrast, mining production weakened.
On an annual basis, industrial production increased 3.9% in April, which was significantly better than March’s flat reading. Meanwhile, annual average industrial production growth rose to 3.2% in April (March: +2.9%). This signals an improving trend in the industrial sector.