Swedish industrial production rises as orders fall

(AFX) Total industrial production in Sweden rose 0.6 pct in March from February, and was up 4.4 pct from a year earlier, the Central Statistical Bureau said.

During the three months January-March, industrial production increased 1.3 pct compared with the previous three-month period.

During the three-month period, production in the capital goods industry increased by 3.1 pct compared with the preceding three months, while production of intermediate goods decreased by 0.6 pct.

Meanwhile, new industrial orders fell 1.2 pct in March from February, and fell 5.0 pct compared with the same period a year earlier.

The monthly fall reflected a 1.7 pct decrease in export market orders, and a 0.5 pct decrease in domestic market orders.

New orders in the capital goods industry decreased in March from February by 2.0 pct, while new orders in the intermediate goods industry fell by 0.3 pct. New orders in the last three months (January – March) rose 2.9 pct

compared with the preceding three months.