05.07.201906:45:00UTC+00Sweden Industrial Production Growth Slows

Sweden's industrial production growth slowed in May, data from Statistics Sweden showed on Friday.

Industrial production rose 1.6 percent year-on-year in May, after a 3.7 percent rise in April.

Output in the chemical and pharmaceutical industry rose 11.2 percent annually in May.

On a monthly basis, industrial production fell 0.4 percent, after a 1.8 percent rise in the previous month.

Separate data from Statistics Sweden showed that the industrial orders grew 3.2 percent year-on-year in May, after a 0.1 percent decline in April.

Orders received from the domestic market fell 3.3 percent, while those from the foreign market rose 8.7 percent.

On a month-on-month basis, industrial orders rose 1.1 percent in May