Sweden Industry November 2017

Sweden

Sweden: Industrial production growth slows in November

January 11, 2018

Total industrial production excluding energy rose a seasonally-adjusted 0.9% in November over the previous month according to Statistics Sweden (SCB), down from October’s revised 2.0% rise (previously reported: +1.9% month-on-month). The uptick was underpinned by greater output in the manufacturing sub-sector, which more than offset a contraction in the mining and quarrying sub-sector.

On a year-on-year basis, industrial production grew 6.5% in November, up from October’s revised 6.2% increase (previously reported: +6.0% year-on-year). Annual average growth in industrial production increased from 3.6% in October to 4.2% in November.

FocusEconomics Consensus Forecast panelists project that industrial production will increase 3.4% in 2018 and 2.6% in 2019.


Author:, Economist

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Sweden Industry November 2017

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


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