Sweden: Industrial production contracts in June
Latest reading: Industrial production—excluding energy—was down 0.3% in calendar and seasonally adjusted month-on-month terms in June, following a 1.5% increase in the previous month.
Relative to the prior month’s figures, readings in June softened for manufacturing (-0.3% in calendar and seasonally adjusted month-on-month terms vs +1.4% in May) and mining (-1.9% vs +0.2% in May).
In working-day adjusted year-on-year terms, industrial production rose 0.6% in June, following a 9.1% rise in the previous month.