Sweden: Industrial production rebounds in November
Total industrial production excluding energy increased 2.1% in November in seasonally- and calendar-adjusted terms, contrasting the revised 1.7% decrease in October (previously reported: -1.8% month-on-month). November’s reading was supported by expansions in both the mining and quarrying sector and the manufacturing sector.
On a year-on-year basis, industrial production increased 0.8% in November, contrasting the 2.7% decrease in October. Annual average growth in industrial production slowed to 1.6% in November from 1.7% in October.