Sweden Industrial Production Accelerates In February

(RTTNews) - Sweden's industrial production increased in February, data from Statistics Sweden showed on Thursday.

Industrial production grew a calendar-adjusted 2.4 percent year-on-year in February, following a 0.7 percent rise in January.

The overall private sector output fell 1.2 percent yearly in February, following a 3.0 percent decrease in the previous month.

The largest upward contribution to total private sector development came from motor vehicle industry, by 7.4 percent year-on-year in February.

Services output fell 3.1 percent annually in February and construction output gained 5.8 percent.