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Financial News: Sweden's Industrial Output Growth Weakens

Sweden's Industrial Output Growth Weakens

09/05/2018 - 08:49:00 (RTTNews)

(RTTNews) - Sweden's industrial production grew at a slower pace in July, Statistics Sweden reported Wednesday.

Industrial output grew 2.2 percent annually in July, slower than the revised 5.3 percent expansion posted a month ago.

Meanwhile, on a monthly basis, industrial production decreased 3 percent after rising 1.2 percent in June.

Another report from the statistical office showed that total industrial orders rebounded 9.4 percent annually in July, in contrast to a 2.3 percent decrease in June. Orders received from domestic customers rose 5.4 percent and foreign orders advanced 12.2 percent.

Month-on-month, total orders in industry advanced 9.8 percent in July, reversing a 5.1 percent fall in June.

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