Sweden Industry July 2019

Sweden

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.

FocusEconomics Consensus Forecast panelists project that industrial production will increase 1.6% in 2019, which is down 0.1 percentage points from last month’s forecast, and 1.4% in 2020.


Author:, Economist

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Sweden Industry July 2019

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


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