Sweden: Industrial production remains downbeat in March
Industrial output excluding energy decreased 0.4% month-on-month in seasonally-adjusted terms in March, down from the revised 0.2% decrease in February (previously reported: -0.3% month-on-month). The decrease was due to notably lower mining and quarrying production and slightly lower manufacturing output.
On an annual basis, industrial production fell 0.2% in March, after falling 1.2% in February. The trend was unchanged with annual average growth in industrial production coming in at 0.7% in March, as it did in February.