Sweden: Industrial production rebounds in January
Industrial production excluding energy increased 1.5% in calendar- and seasonally-adjusted terms in January, contrasting the revised 1.3% decrease in December (previously reported: +1.6% month-on-month). January’s reading was due to output rises in both the manufacturing sector and the mining and quarrying sector.
On a year-on-year basis, industrial production increased 0.1% in January, contrasting the 1.6% decrease in December. Annual average growth in industrial production slowed to 1.1% in January from 1.3% in December.