In Sweden, industrial production decreased by one percent in June this year compared to May and increased by 1.2 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 fell by 3.8 percent in June this year compared to the previous month, while rising by one percent year on year. In June, the country's manufacture of fabricated metal products, except machinery and equipment, decreased by 1.1 percent month on month and was down by 5.9 percent compared to June 2014. Meanwhile, in the first six months of this year, basic metal production in the country increased by 5.9 percent and manufacture of fabricated metal products, except machinery and equipment, grew by 7.2 percent, both on year-on-year basis.
On month-on-month basis, new orders for Swedish industry registered an increase of 3.5 percent in June of the current year, while new orders in the given month increased by 11.8 percent in working day-adjusted figures compared to June 2014.
In June this year, new orders for basic metals in Sweden rose by 10.1 percent compared to the same month of 2014, including a 4.8 percent decrease in domestic orders and a 16.5 percent rise in export orders, while new orders for basic metals were down 1.3 percent compared to May. Meanwhile, new orders for the Swedish fabricated metal products industry, except machinery and equipment, increased by 4.5 percent in June on year-on-year basis.