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Sweden Industry February 2020

Sweden: Industrial production dips in February

Industrial output excluding energy slid 0.3% month-on-month in seasonally-adjusted terms in February (January: +1.0% month-on-month). The decrease was due to notably lower mining and quarrying production and slightly lower manufacturing output.

On an annual basis, industrial production fell 1.2% in February, following January’s 0.8% fall. The trend pointed down with annual average growth of industrial production coming in at 0.7% in February from January’s 1.0% reading.

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