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Financial News: Sweden Industrial Production Growth At 3-Month Low

Sweden Industrial Production Growth At 3-Month Low

11/05/2019 - 06:22:00 (RTTNews)

(RTTNews) - Sweden's industrial production growth slowed to the lowest level in three months in September, data from Statistics Sweden showed on Tuesday.

Industrial production rose a calendar adjusted 0.9 percent year-on-year in September, after a 2.1 percent in August.

The latest production growth was the weakest outcome since June, when output fell 1.0 percent.

Manufacturing output climbed 1.3 percent annually in September, after a 1.9 percent increase in the previous month.

Electricity, gas, steam and hot water production grew 5.5 percent, while mines and quarries dropped 10.6 percent.

On a monthly basis, industrial production fell 0.2 percent in September, following a 0.5 percent decrease in the preceding month.

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