Sweden Industry April 2019

Sweden

Sweden: Industrial production rebounds in April

June 4, 2019

According to Statistics Sweden, total industrial production excluding energy rose a seasonally-adjusted 1.3% over the prior month in April, recovering from the revised 1.9% fall logged in March (previously reported: -3.3% month-on-month). The recovery came on the back of an upturn in manufacturing output, while mining and quarrying output fell marginally in the month.

On a year-on-year basis, industrial production increased 3.4% in April, contrasting the revised 0.3% dip logged in March (previously reported: -2.6% year-on-year). Annual average growth in industrial production picked up to 2.2% in April from 2.1% March.

FocusEconomics Consensus Forecast panelists project that industrial production will increase 1.7% in 2019, which is unchanged from last month’s forecast, and 1.4% in 2020.


Author:, Economist

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Sweden Industry April 2019

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


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