Sweden Industry May 2018


Sweden: Industrial production picks up in May

July 5, 2018

Total industrial production excluding energy increased a seasonally-adjusted 1.8% in May over the previous month according to Statistics Sweden (SCB), contrasting April’s revised 2.1% contraction (previously reported: -1.5% month-on-month). May’s figure was driven by growth in both the manufacturing and mines and quarries sectors.

On a year-on-year basis, industrial production grew 3.7% in May, up from April’s revised 2.2% rise (previously reported: +3.2% year-on-year). Annual average growth in industrial production decreased from 5.3% in April to 5.1% in May.

Sweden Industrial Production Forecast

FocusEconomics Consensus Forecast panelists project that industrial production will increase 4.5% in 2018 and 2.2% in 2019.

Author:, Economist

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Sweden Industry Chart

Sweden Industry May 2018 0

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

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