Sweden Industry January 2019


Sweden: Industrial production softens in January

March 5, 2019

According to Statistics Sweden, total industrial production excluding energy increased a seasonally-adjusted 0.1% in January over the previous month, down from December’s revised 1.6% increase (previously reported: +1.8%). January’s expansion was driven by growth in the manufacturing subsector, while the mines and quarries subsector contracted.

On a year-on-year basis, industrial production grew 1.5% in January, down from December’s 2.0% rise. Annual average growth in industrial production eased from 3.2% in December to 2.7% in January.

FocusEconomics Consensus Forecast panelists project that industrial production will increase 1.2% in 2019 and 1.5% in 2020.

Author:, Economist

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Sweden Industry Chart

Sweden Industry January 2019

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

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