Sweden Industry September 2019

Sweden

Sweden: Industrial production buckles in September

November 11, 2019

Total industrial production excluding energy decreased 1.0% in September in seasonally- and calendar-adjusted terms, down from the 0.3% decrease in August. September’s reading was dragged on by sharper output contractions in the mining, quarrying and manufacturing sectors.

On a year-on-year basis, industrial production rose 1.0% in September, down from the 3.2% reading in August. Annual average growth in industrial production decelerated to 2.0% in September from 2.1% in August.

FocusEconomics Consensus Forecast panelists project that industrial production will increase 0.8% in 2020, which is up 0.1 percentage points from last month’s forecast, and 2.3% in 2021.


Author:, Economist

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Sweden Industry September 2019

Note: Month-on-month seasonally adjusted and year-on-year variation in %.
Source: Statistics Sweden (SCB).


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