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.
Author: Oliver Reynolds, Economist