Sweden: Industrial production growth rebounds in July
September 5, 2019
Total industrial production excluding energy notched growth of 1.4% in July over the prior month in seasonally- and calendar-adjusted terms, contrasting June’s revised contraction of 1.0% (previously reported: -1.1% month-on-month). The improvement was due to improvements in both mining and quarrying, and manufacturing output.
On a year-on-year basis, industrial production rose 3.1% in July, contrasting June’s 0.3% drop. Annual average growth in industrial production accelerated to 1.9% in July from 1.7% in June.
Author: Edward Gardner, Economist