Sweden Industry May 2019

Sweden

Sweden: Industrial production growth moderates in May

July 5, 2019

Total industrial production excluding energy fell a seasonally-adjusted 0.7% over the prior month in May, down from April’s upwardly revised 1.7% increase (previously reported: +1.3% month-on-month). The downturn was the result of a broad-based decline in both mining and quarrying output and manufacturing production.

On a year-on-year basis, industrial production rose 1.0% in May, down from the revised 4.0% rise (previously reported: +3.4% year-on-year). Annual average growth in industrial production edged down to 2.0% in May from 2.3% in April.

FocusEconomics Consensus Forecast panelists project that industrial production will increase 1.5% in 2019, which is down 0.2 percentage points from last month’s forecast, and 1.5% again in 2020.


Author:, Economist

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Sweden Industry May 2019

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


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