Swedish basic metal output down 1.3 percent in December from November

Tuesday, 09 February 2016 15:11:44 (GMT+3)   |   Istanbul
       

In Sweden, industrial production decreased by 2.9 percent in December last year compared to previous month and increased by 0.3 percent year on year in working day-adjusted figures, according to Statistics Sweden (SCB).
 
On the other hand, the production index for the Swedish basic metal industry declined by 1.3 percent in December last year compared to the previous month, while rising by 9.8 percent year on year. In December, the country's manufacture of fabricated metal products, except machinery and equipment, decreased by 3.5 percent both month on month and year on year. Meanwhile, in 2015 basic metal production in the country increased by 9.7 percent and manufacture of fabricated metal products, except machinery and equipment, declined by 4.1 percent, both on year-on-year basis. 
 
On month-on-month basis, new orders for Swedish industry decreased by nine percent in December while new orders in the given month rose by 1.4 percent in working day-adjusted figures compared to December 2014.
 
In December last year, new orders for basic metals in Sweden rose by 11.2 percent compared to the same month of 2014, including a 19.8 percent increase in domestic orders and a 5.6 percent increase in export orders, while new orders for basic metals were up by 5.4 percent compared to November. Meanwhile, new orders for the Swedish fabricated metal products industry, except machinery and equipment, increased by 5.5 percent in December on year-on-year basis.

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