Sweden Industrial production December 2015

Sweden

Sweden: Industrial production records a stark contraction December

February 5, 2016

Industrial production in December fell a striking 2.9% over the previous month, in seasonally-adjusted terms, which contrasted the 1.6% increase tallied in November. The figure greatly fell short of market expectations, which had envisioned a 0.3% increase in December. According to Statistics Sweden (SCB), the monthly increase was driven by the electronics industry, which saw the largest decrease.

In annual terms, industrial production expanded a modest 0.3%, which was down from the 6.6% increase seen in November. December’s figure marks the lowest figure in 5 months. Despite the modest result, annual average growth in industrial output improved, rising from a 1.3% increase in November to a 1.5% rise in December.

FocusEconomics Consensus Forecast panelists see industrial production falling 3.5% in 2016, which is up 0.3 percentage points from the previous month’s estimate. For 2017, the panel expects industrial production to increase 3.3%.


Author:, Economist

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Sweden Industry December 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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