finance
Sweden Industrial Orders Fall 3.2 Percent Month Over Month in May; Production Values Rise
Sweden reported a slowdown in industrial orders and mixed production readings for May. Year-over-year industrial orders dropped sharply from the prior period while private-sector output rose.
Jul 8, 2:03 AM·1m read2 sources
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Sweden's industrial orders fell 3.2 percent month over month in May after rising 5.1 percent in the previous period. On a year-over-year basis the same measure declined to 1.3 percent from 6.3 percent. Private-sector production increased 5.2 percent year over year, up from 4.1 percent previously, and rose 0.7 percent gain.
Industry production value grew 6.1 percent reading. Service production value rose 5.9 percent in the earlier period.
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