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A Slight increase in Swedish industrial production amidst economic gloom in the background

Thursday, 10 May 2012
Swedish Industrial production increased by 0.4 percent in seasonally adjusted figures in March compared to February as the EU and global economy continues wobble between economic growth and fall.

Comparing March with the same month in 2011, industrial production decreased by 6.5 percent in working day adjusted figures, official figure from statistic Sweden show.

The development in production varied among the industry sub-sectors in March compared to February. The development was negative in for example the petroleum industry and other manufacturing industry. The industry for non-metallic mineral products and the textile industry showed a positive development.

Industrial production was negative when comparing the first quarter of 2012 with the fourth quarter of 2011. Production within industry declined by 1.1 percent.

Industrial production decreased by 6.5 percent in March 2012 compared with the same month in 2011. The majority of the industry sub-sectors showed a negative development. The decline was large within the motor vehicle industry and other manufacturing industry. The industry for non-metallic mineral products had a positive development.

The figures for March are preliminary. Since the previous publication the development in industrial production in February has been revised upwards by 0.1 percentage points to a decrease of 5.1 percent compared to January. The change in production in February compared to the same month in 2011 has not been revised and still amounts to a decrease of 7.1 percent.
News sources: Statistic Sweden

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