Sweden: Industrial production rebounds in December
February 8, 2013
In December, industrial production rose 1.3% over the previous month in seasonally and working-day adjusted terms. The increase contrasted the revised 1.5% decrease tallied in November (previously reported: -1.3% month-on-month) and exceeded market expectations of a 0.2% rise. According to Statistics Sweden (SCB), the increase was mainly driven by the electronics industry. Compared to the same month the year before, industrial production fell a working-day adjusted 2.2%, which followed the 5.0% decrease tallied in November. In the full year 2012, industrial output shrank 3.2%, contrasting a solid 6.8% increase registered in 2011.