Sweden Industry February 2018

Sweden

Sweden: Industrial production falls in February

April 6, 2018

Total industrial production excluding energy dropped a seasonally-adjusted 0.8% in February over the previous month according to Statistics Sweden (SCB), contrasting January’s revised 2.0% increase (previously reported: +2.1% month-on-month). The decrease was driven by lower output in the manufacturing and mines and quarries sub-sectors.

On a year-on-year basis, industrial production grew 6.7% in February, down from January’s revised 8.8% increase (previously reported: +9.2% year-on-year). Annual average growth in industrial production increased from 5.1% in January to 5.3% in February.

FocusEconomics Consensus Forecast panelists project that industrial production will increase 4.2% in 2018 and 2.7% in 2019.


Author:, Economist

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Sweden Industry February 2018

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


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