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.
Author: Lindsey Ice, Economist