Swedish industrial production grew in February

Noam Stiekema

The Swedish industrial production rose in February 2014 after falling in the previous month, according to data from the Statistical Office of the country. The industrial production recorded an annual seasonally-adjusted growth of 2.2% since January, with previously reported 0.3%. The economists had forecast for growth of 0.5%. On an annual basis, the industrial production […]

Cars SwedenThe Swedish industrial production rose in February 2014 after falling in the previous month, according to data from the Statistical Office of the country. The industrial production recorded an annual seasonally-adjusted growth of 2.2% since January, with previously reported 0.3%. The economists had forecast for growth of 0.5%.

On an annual basis, the industrial production increased after adjustment with 1.7% in February, following a decline of 1% in the previous month and the previous data were for growth of 0.8%. Furthermore, the statistical office announced that industrial orders increased by 3.1% seasonally adjusted monthly basement in February, the biggest growth is in the automotive industry. In January, orders fell by 13.4%, as before the revision it was 13.9%.

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