Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Sweden Industrial Output Rises as Economy Shows Resilience

Oct. 10 (Bloomberg) -- Swedish industrial production rebounded in August as the largest Nordic economy showed resilience to slumping demand from Europe.

Industrial production rose an annual 3.2 percent, after contracting a revised 0.9 percent the previous month, Stockholm-based Statistics Sweden said today. It was estimated to rise 1.5 percent, according to the median forecast in a Bloomberg survey of five economists. Output rose a monthly 0.4 percent, compared with a 0.9 percent predicted contraction.

Sweden’s central bank last month cut its benchmark rate for a third time since December to boost economic growth. Sweden gets about half its output from exports, about 70 percent of which go to Europe where countries are cutting spending.

Industrial orders from Swedish companies fell an annual 6.5 percent and decreased a monthly 1.4 percent in August, Statistics Sweden said today.

To contact the reporter on this story: Johan Carlstrom in Stockholm at jcarlstrom@bloomberg.net

To contact the editor responsible for this story: Jonas Bergman at jbergman@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.