Quick Facts

Sweden Nov Industrial Production Falls More Than Expected

Sweden's industrial production decreased more-than-expected in November, after increasing in the previous month, figures from Statistics Sweden showed Friday.

The industrial production index fell by a calender-adjusted 5 percent year-on-year in November after a revised 0.2 percent rise in October.

Economists had forecast a 3.6 percent decline for the month.

Mining and quarrying output fell 7.8 percent and manufacturing output dropped 4.9 percent in November.

Month-on-month, industrial production decreased by a calendar-and-seasonally adjusted 0.2 percent in November following the revised 0.3 percent increase in the previous month. Economists had forecast a 0.5 percent growth.

In a separate report, the statistical office published industrial orders for the month of November. Orders rose a calender-adjusted 1.1 percent year-on-year in November, slower than the revised 1.7 percent growth in October.

The domestic market orders rose by 2 percent year-on-year and orders in the export markets climbed by 0.4 percent in November.

On a monthly basis, industrial orders decreased by a seasonally adjusted 1.1 percent during the month after a 3.6 percent rise in the previous month.

The statistical office also released the index of service production for November.

Service production grew a volume and working-day-adjusted 3.4 percent year-over-year in November. On a monthly basis, service production advanced by a seasonally adjusted 1 percent during the month.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

More Quick Facts