Sweden: Industrial production picks up in December
February 11, 2019
According to Statistics Sweden, total industrial production excluding energy increased a seasonally-adjusted 1.8% in December over the previous month, contrasting November’s 0.4% decrease. December’s expansion was driven by growth in the manufacturing and mines and quarries sectors.
On a year-on-year basis, industrial production grew 2.6% in December, up from November’s 1.1%. Annual average growth in industrial production eased from 3.8% in November to 3.3% in December.
Sweden Industrial Production Forecast
FocusEconomics Consensus Forecast panelists project that industrial production will increase 1.7% in 2019 and 2.0% in 2020.
Author: Oliver Reynolds, Economist
