Sweden Industrial production

Sweden

Sweden: Industrial production loses steam in September

November 5, 2015

Industrial production in September rose 2.0% over the previous month, in seasonally-adjusted terms, which was below the revised 4.5% increase recorded in August (previously reported: +4.7% month-on-month) but beat market expectations of a slight contraction. August’s result had marked the largest expansion since November 2013. According to Statistics Sweden (SCB), the monthly slowdown was driven by contractions recorded in a number of sectors, with the largest drop recorded in the electronics industry.

In annual terms, industrial production picked up pace from a revised 2.4% increase (previously reported: +3.8% year-on-year) in August to a notable 6.3% expansion in September. September’s figure marked the best result since May 2011. As a result, annual average growth in industrial output improved, rising from minus 0.9% in August to flat growth in September, the first non-negative figure since February 2012.

FocusEconomics Consensus Forecast panelists see industrial production falling 0.9% in 2015, which is up 0.1 percentage points from the previous month’s estimate. For 2016, the panel expects industrial production to increase 2.9%, which is down 0.2 percentage points from last month’s forecast.


Author:, Economist

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Sweden Industrial production Chart


Sweden Industry September 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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