Sweden Industrial Output Plunges as European Demand Falters
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Swedish industrial production fell more than estimated in September as the export-dependent country suffers from declining sales abroad.
Industrial production fell an annual 5 percent, after rising a revised 2.7 percent the previous month, Stockholm-based Statistics Sweden said today. Production was estimated to fall 0.1 percent, according to the median forecast in a Bloomberg survey of six economists. Output fell a monthly 4.1 percent, compared with a predicted drop of 1.5 percent.