Sweden: Industrial production declines in October

In October, industrial production fell a seasonally and working-day adjusted 1.7% over the previous month, which marked a deterioration over the flat reading observed in September. In addition, the result significantly undershot the 0.9% increase the markets had expected. According to Statistics Sweden (SCB), the monthly decrease came on the back of a deterioration in the mines, quarries and manufacturing industry, as well as in the chemicals and pharmaceutical products industry.

Read more about Swedish Industry.

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