RTTNews - Thursday, the Statistics Sweden said in a report that the industrial production dropped 20.8% year-over-year in June, after falling 21.7% in May, revised from 21.9% estimated initially. Economists had expected a decline of 21.6%.
In June, mining and quarrying output dropped 25.5% on an annual basis, while manufacturing output declined 20.5%
Month-on-month, industrial production dropped 2.5% in June, following a 2.7% fall in May.
In the second quarter, industrial production decreased 6.8% compared to the previous quarter.
Separately, the statistical office said the industrial new orders, dropped 21.3% annually in June, after falling a revised 30.2% in May. New orders declined 4.2% month-on-month in June, compared to the 3.5% fall in May, revised from 3.8% increase reported initially.
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