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Financial News: Sweden Industrial Production Growth Rises In April

Sweden Industrial Production Growth Rises In April

06/04/2019 - 06:20:00 (RTTNews)

(RTTNews) - Sweden industrial production grew in April after falling in the previous month, data from Statistics Sweden showed on Tuesday.

Industrial production rose 3.3 percent year-on-year in April, after a 0.6 percent decline in March.

Output in the chemical and pharmaceutical industry rose 17.2 percent annually in April.

On a monthly basis, industrial production grew 1.5 percent in April, reversing a 1.8 percent fall in the previous month.

Separate data from Statistics Sweden showed that the industrial orders grew 0.1 percent year-on-year in April, after a 0.2 percent decline in March. Orders received from the domestic market fell 2.6 percent and those from the foreign market rose 2.2 percent.

On a month-on-month basis, industrial orders surged 9.3 percent in April.

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