Sweden industrial production picks up in May
May’s figure was driven by growth in both the manufacturing and mines and quarries sectors.
On a year-on-year basis, industrial production grew 3.7% in May, up from April’s revised 2.2% rise (previously reported: +3.2% year-on-year). Annual average growth in industrial production decreased from 5.3% in April to 5.1% in May.
FocusEconomics Consensus Forecast panelists project that industrial production will increase 4.5% in 2018 and 2.2% in 2019. ■