Sweden’s industrial production increased in February, data from Statistics Sweden showed on Thursday.
Industrial production grew a calendar-adjusted 2.4 percent year-on-year in February, following a 0.7 percent rise in January.
The overall private sector output fell 1.2 percent yearly in February, following a 3.0 percent decrease in the previous month.
The largest upward contribution to total private sector development came from motor vehicle industry, by 7.4 percent year-on-year in February.
Services output fell 3.1 percent annually in February and construction output gained 5.8 percent.
On a month-on-month basis, industrial production increased 1.0 percent in February, after a 1.9 percent fall in the prior month.
The total private sector output rose 001 percent from the previous month.
Manufacturing output increased 0.7 percent monthly in February, after a 1.7 percent decrease in the previous month.
Separate data from the statistical office revealed that a calendar adjusted industrial orders rose 5.3 annually in February.
Orders received from the domestic market decreased 0.6 percent in February, while those from foreign [markets][1] rose 9.6 percent.
On a month-on-month basis, industrial orders rose a seasonally adjusted 0.3 percent in February.
Another data from Statistics Sweden showed that the household consumption increased a seasonally adjusted 2.0 percent monthly in February.
On an annual basis, household consumption declined 1.9 percent in February.
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