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New orders growth for Swedish industrial sector in MayTuesday, 10 July 2012
New orders for Swedish industry increased by 4.5 percent in May compared with April. On an annual basis, however, the total orders show a continued fall. In May it fell by 3.3 percent over the same month last year
New figures from the Swedish statistic office, statistic Sweden also say that that most industry sub-sectors new orders increased in May compared to April. The most positive development was seen in the electronics industry and the machinery industry. The electrical equipment industry decreased the most. During the last three-month-period (March-May) new orders in total decreased by 2.2 percent compared to the previous three-month-period.
Analysts, according to media reports expected that production would have risen 0.4 percent in May from the month before and dropped 6.2 percent compared with 2011.
New orders from the domestic market increased by 1.9 percent in May compared to April. During the last three-month-period new orders decreased by 2.7 percent compared to the previous three-month-period.
New orders from the export market increased by 6.3 percent in May compared to April. During the last three-month-period new orders decreased by 2.0 percent compared to the previous three-month-period.
On an annual basis new orders in total continued to decrease. In May new orders decreased by 3.3 percent compared to the same month of the previous year. The corresponding comparison in the domestic market results in a decrease of 2.4 percent and in the export market a decrease of 4.1 percent.
The figures for May are preliminary. Since the previous publication the change in new orders in April compared to March has been revised upwards by 0.2 percentage points to a decrease of 1.4 percent. The change in new orders between April of this year and the same month of the previous year has not been revised and remains at a decrease of 9.0 percent.
By Scancomark.se Team. News Source: Statistics Sweden
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