logo
Plus   Neg
Share
Email

Sweden's Industrial Output Rises In January

Sweden's industrial production increased in January after falling in December, Statistics Sweden reported Thursday.

Industrial output grew 0.9 percent on a yearly basis in January, reversing a 2.6 percent drop in December.

At the same time, annual growth in construction output accelerated to 7.6 percent from 6.4 percent. Services output rebounded 4 percent following a 0.9 percent drop.

Consequently, the overall private sector output expanded 3.8 percent on year in January, in contrast to a 0.6 percent decrease in December.

Month-on-month, private sector output growth improved notably to 1.7 percent from 0.1 percent in December.

In a separate communiqué, the statistical office said industrial orders advanced 2.2 percent on year in January, confounding expectations for a decline of 0.8 percent.

At the same time, industrial orders advanced 3.5 percent on month, after a revised 0.1 percent drop in December. Mining and quarrying reported the strongest monthly growth in orders, up 17.3 percent.

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Follow RTT