Sweden’s industrial production increased in March, data from Statistics Sweden showed on Wednesday.
Industrial production grew a calendar-adjusted 5.7 percent year-on-year in March, following a 2.3 percent rise in February.
The overall private sector output rose 3.9 percent yearly in March, after a 1.5 percent decrease in the previous month.
The largest upward contribution to total private sector development came from other transport industry, by 10.6 percent year-on-year in March.
Services output gained 4.9 percent annually in March and construction output declined 2.2 percent.
On a month-on-month basis, industrial production increased 1.1 percent in March, following a 1.0 percent rise in the prior month.
The total private sector output rose 0.5 percent from the previous month.
Manufacturing output increased 1.3 percent monthly in March, after a 0.8 percent rise in the previous month.
Separate data from the statistical office revealed that a calendar adjusted industrial orders rose 10.0 annually in March.
Orders received from the domestic market increased 3.8 percent in March and those from foreign [markets][1] rose 15.3 percent.
On a month-on-month basis, industrial orders fell a seasonally adjusted 1.8 percent in March.
Another data from Statistics Sweden showed that the household consumption increased a seasonally adjusted 0.6 percent monthly in March.
On an annual basis, household consumption grew 5.0 percent in March.
For comments and feedback contact: editorial@rttnews.com
[Economic News][2]
What parts of the world are seeing the best (and worst) economic performances lately? Click[here][3] to check out our [Econ Scorecard][3] and find out! See up-to-the-moment rankings for the best and worst performers in [GDP][4], [unemployment rate][5], [inflation][3] and much more.
- www.rttnews.com/Content/Markets.aspx
- www.rttnews.com/Content/EconomicNews.aspx
- www.rttnews.com/economic-scorecard/world-rank/CPI/highest-performance.aspx
- www.rttnews.com/economic-scorecard/world-rank/GDP/highest-performance.aspx
- www.rttnews.com/economic-scorecard/world-rank/unemployment-rate/lowest-performance.aspx