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Sweden's industrial production continues to remain depressed

Monday, 15 July 2013
Swedish industrial production decreased by 2.6 percent in May compared to April in seasonally adjusted figures. Compared with May 2012, industrial production decreased by 7.3 in calendar adjusted figures.

Latest data from Statistic Sweden (SCB) reports and continues that the decrease in April was followed by an even larger decrease in May. The development remained mixed within the industry sub-sectors, although most showed decreases. The weakest development was seen in the chemical industry and pharmaceutical industry aggregate while the electrical equipment industry showed the strongest development. In addition, the industry for basic metals reported a significant decrease in May.

Similar to the monthly development, the three-month comparison was negative and decreased by 1.3 percent for the period March-May 2013, compared with December 2012-February 2013.

The weak development on annual basis continued in May, with a decrease of 7.3 percent. The result was a consequence from the fact that only two sub-sectors had positive development while several sub-sectors showed significant decreases, said SCB.
Scancomark.com Team / Source SCB

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