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Increase Swedish Industrial production in May


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Friday, 08 July 2011
Morning Industry production data show that the Swedish economy is still booming. But the modest orders testify that a slowdown is in sight. It is worrying that the orders do not increase more according to analysts.

Statistic Sweden show that Swedish Industrial production increased by 2.6 percent in seasonally adjusted figures in May compared to April. Comparing May of 2011 with the same month of the previous year, industrial production increased by 13.4 percent in working day adjusted figures.
In most industry sub-sectors production increased in May compared to April. The industry for non-metallic mineral products had the most positive development with an increase of 20.7 percent. The pharmaceutical industry and the machinery industry developed strongly as well.
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The development was also positive when comparing the latest three month period, March-May, with the previous three month period. Production increased by 4.3 percent within all of industry.

Similar to previous month, industrial production developed positively on a yearly basis with a rise of 13.4 percent in May compared with the same month of the previous year. The development was the strongest in the electrical equipment industry and the electronics industry with increases of 52.5 and 38.2 percent respectively.

The figures for May are preliminary. Since the previous publication the change in industrial production in April compared to March has not been revised and still amounts to a decrease of 0.7 percent.  The change in the production in April 2011 compared to April 2010 has been revised downwards by 0.1 percentage points amounting to an increase of 11.9 percent.
By Scancomark.se Team. Source: Statistic Sweden


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