Sweden Industry October 2019

Sweden

Sweden: Industrial production drops for the third month running in October

December 6, 2019

Total industrial production excluding energy decreased 1.8% in October in seasonally- and calendar-adjusted terms, down from the 1.0% moderation in September. October’s reading was dragged on by a sharper contraction in manufacturing output, but supported somewhat by an increase in output from the mining and quarrying sector.

On a year-on-year basis, industrial production decreased 3.2% in October, contrasting the 1.5% increase in September. Annual average growth in industrial production decelerated to 1.5% in October from 2.1% in September.

FocusEconomics Consensus Forecast panelists project that industrial production will increase 0.6% in 2020, which is up 0.1 percentage points from last month’s forecast, and 1.8% in 2021.


Author:, Economist

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Sweden Industry Chart


Sweden Industry October 2019 0

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


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