Sweden: Industrial output growth dips in December
Industrial output flatlined in month-on-month seasonally-adjusted terms in December, which was a deterioration from November’s 0.3% increase. Looking at the details of the release, manufacturing output bounced back in December, while mining output swung to contraction.
On an annual basis, industrial output rose 3.2% in December, which was below November’s 4.6% expansion. As such, annual average industrial production growth came in at 7.5% in 2021 as a whole, contrastingly sharply the 4.9% contraction recorded in 2020.