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Sweden Industrial Production Rises For Second Month

(RTTNews) - Sweden's industrial production expanded for the second straight month in August, though at a slower pace than in the previous month, data from Statistics Sweden showed on Thursday.

Industrial production climbed a calendar-adjusted 2.1 percent year-over-year in August, well below the 7.3 percent rebound in July.

The latest upward trend was driven primarily by the chemical and pharmaceutical industry, which grew 25.6 percent from the previous year.

Services growth, excluding financial and insurance services, rose 4.6 percent in August, following a 4.3 percent increase in July.

Meanwhile, construction output rebounded 4.6 percent annually in August, after falling 4.0 percent in the prior month.
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