Sweden Industry September 2017

Sweden

Sweden: Industrial production increases in September

November 2, 2017

Industrial production rose a seasonally-adjusted 2.2% in September over the previous month according to Statistics Sweden (SCB), down from August’s revised 1.6% decline (previously reported: -1.7% mom). The increase was underpinned by greater output in the mines and quarries, manufacturing and electricity, gas, steam and hot water plants sub-sectors.

On a year-on-year basis, industrial production grew 4.5% in September, up from 7.5% in August. Annual average growth in industrial production increased from 3.8% in August to 4.0% in September.

FocusEconomics Consensus Forecast panelists project that industrial production will increase 2.6% in 2018 and 2.3% in 2019.


Author:, Economist

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Sweden Industry September 2017 1

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


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