Swedish basic metal output down 6.5 percent in July

In Sweden, industrial production decreased by 1.1 percent in July this year compared to June and decreased by 5.7 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 decreased by 4.4 percent in July this year compared to the previous month, while decreasing by 6.5 percent year on year. In the month in question, the country's manufacture of fabricated metal products, except machinery and equipment, decreased by 1.4 month on month and by 5.4 percent compared to July 2013. Meanwhile, in the first seven months of this year, basic metal production in the country increased by 1.4 percent and manufacture of fabricated metal products, except machinery and equipment, rose by 0.7 percent, both on year-on-year basis.
 
On month-on-month basis, new orders for Swedish industry registered a decrease of one percent in July of the current year, while new orders in the given month decreased by 4.4 percent in working day-adjusted figures compared to July 2013.
 
In July this year, new orders for basic metals in Sweden fell by 14.2 percent compared to the same month of 2013, including a 14.2 percent decrease in domestic orders and a 14 percent fall in export orders, while new orders for basic metals were down 5.2 percent compared to June. Meanwhile, new orders for the Swedish fabricated metal products industry, except machinery and equipment, decreased by 9.1 percent in July on year-on-year basis.