Sweden Industrial production

Sweden

Sweden: Industrial production increases in March

May 5, 2015

Industrial production in March increased 0.8% over the previous month in seasonally-adjusted terms. The result was down from the 1.2% increase recorded in February, but beat the 0.2% increase that the markets had expected. According to Statistics Sweden (SCB), the monthly result was driven by contractions in the mining and quarrying sector, as well as in several manufacturing industries, including basic metals as well as chemicals and pharmaceuticals.

In annual terms, industrial production increased 0.3% in March, which contrasted the 3.9% drop tallied in February. As a result, annual average growth in industrial output picked up from minus 2.9% in February to minus 2.5% in March.

FocusEconomics Consensus Forecast panelists see industrial production falling 1.2% in 2015, which is unchanged from the previous month’s estimate. For 2016, the panel expects industrial production to increase 3.4%.


Author:, Economist

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Sweden Industrial production Chart


Sweden Industry March 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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