Sweden Industry December 2017


Sweden: Industrial production growth remains solid in December

February 12, 2018

Total industrial production excluding energy rose a seasonally-adjusted 0.8% in December over the previous month according to Statistics Sweden (SCB), down from November’s revised 1.0% increase (previously reported: +0.9% month-on-month). The uptick was underpinned by greater output in the manufacturing and mines and quarries sub-sectors.

On a year-on-year basis, industrial production grew 8.1% in December, up from November’s revised 6.2% increase (previously reported: +6.5% year-on-year). Annual average growth in industrial production increased from 4.1% in November to 4.7% in December.

FocusEconomics Consensus Forecast panelists project that industrial production will increase 3.4% in 2018 and 2.2% in 2019.

Author:, Economist

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Sweden Industry Chart

Sweden Industry December 2017 1

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

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