Sweden Industry March 2018

Sweden

Sweden: Industrial production rises in March

May 6, 2018

Total industrial production excluding energy increased a seasonally-adjusted 0.5% in March over the previous month according to Statistics Sweden (SCB), contrasting February’s revised 0.9% decrease (previously reported: -0.8% month-on-month). March’s figure was driven by expansion in both the manufacturing and mines and quarries sectors.

On a year-on-year basis, industrial production grew 6.8% in March, down from February’s revised 6.3% (previously reported: +6.7% year-on-year). Annual average growth in industrial production increased from 5.3% in February to 5.5% in March.

FocusEconomics Consensus Forecast panelists project that industrial production will increase 4.2% in 2018 and 2.7% in 2019.


Author:, Economist

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Sweden Industry March 2018

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


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