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Weaker Swedish industrial production in June


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Monday, 15 August 2011
Swedish industrial production decreased by 3.3 percent in seasonally adjusted figures in June compared to May.

Comparing June with the same month of the previous year, industrial production increased by 6.4 percent in working day adjusted figures released by statistic Sweden.

In most industry sub-sectors production decreased in June compared to May. The pharmaceutical industry and the industry for non-metallic mineral products had the weakest development with decreases of 17.4 and 12.7 percent respectively.
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The development was positive when comparing the second quarter with the first quarter. Production increased by 1.2 percent within all of industry. Industrial production developed positively on a yearly basis, but less strongly than in previous months, with a rise of 6.4 percent in June compared with the same month of the previous year. The development was the strongest in the electrical equipment industry with an increase of 60.2 percent.

The figures for June are preliminary. Since the previous publication the change in industrial production in May compared to April has been revised downwards by 0.5 percentage points amounting to an increase of 2.1 percent.  The change in the production in May compared to the same month of the previous year has been revised downwards by 0.2 percentage points amounting to an increase of 13.2 percent.
News Source: Statistic Sweden


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