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Sweden Industry April 2018

Sweden: Industrial production declines in April

Total industrial production excluding energy decreased a seasonally-adjusted 1.5% in April over the previous month according to Statistics Sweden (SCB), contrasting March’s 0.5% increase. April’s figure was driven by contractions in both the manufacturing and mines and quarries sectors.

On a year-on-year basis, industrial production grew 3.2% in April, down from March’s revised 4.9% rise (previously reported: +6.8% year-on-year). Annual average growth in industrial production increased from 5.1% in March to 5.4% in April.

Sweden Industrial Production Forecast

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