Sweden Industrial production

Sweden

Sweden: Industrial production drops in September

November 12, 2014

Industrial production decreased 1.1% in September over the previous month in seasonally-adjusted terms. September’s reading contrasted the revised 0.3% expansion recorded in August (previously reported: -0.2% month-on-month) as well as the 0.3% increase that markets had expected. According to Statistics Sweden (SCB), the monthly result reflected a broad-based deterioration, with the largest decline recorded in the textile industry.

In annual terms, industrial production fell 4.3%% in September, which was notably down from the 2.4% contraction tallied in August. As a result of the steep fall in annual figures, annual average growth in industrial output dropped from minus 1.9% in August to minus 2.1% in September.

FocusEconomics Consensus Forecast panelists see industrial production falling 1.0% in 2014, which is down 0.3 percentage points from the previous month’s estimate. For 2015, the panel expects industrial production to increase 2.8%, which is down 0.4 percentage points from the previous month’s Consensus.


Author:, Economist

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Sweden Industrial production Chart


Sweden Industry September 2014

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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