Sweden Industrial production

Sweden

Sweden: Industrial production decelerates in October

December 4, 2015

Industrial production in October fell 1.1% over the previous month, in seasonally-adjusted terms, which contrasted the 2.0% expansion tallied in September and came in below the 0.8% contraction expected by the market. According to Statistics Sweden (SCB), the monthly contraction was driven by decreases in a number of sectors, with the largest drop recorded in machinery and equipment.

In annual terms, industrial production lost steam and expanded 4.0%, which was down from the 6.5% increase seen in September. September’s figure had marked the best result since May 2011. However, annual average growth in industrial output improved, rising from a flat reading in September to a 0.3% increase in October, thus tallying the best result since February 2012.

FocusEconomics Consensus Forecast panelists see industrial production falling 3.1% in 2016, which is unchanged from the previous month’s estimate. For 2017, the panel expects industrial production to increase 2.7%, which is down 0.1 percentage points from last month’s forecast.


Author:, Economist

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Sweden Industrial production Chart


Sweden Industry October 2015

Note: Month-on-month seasonally-adjusted changes and year-on-year variation of industrial production in %.
Source: Statistics Sweden (SCB) and FocusEconomics Forecast.


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