Sweden Economic Activity Index Drops Further

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Wednesday, the Statistics Sweden said in a report that the activity index, which measures the activity in the Swedish economy, decreased a seasonally adjusted 0.39% month-on-month in July, compared to a revised 0.41% fall in the previous month.

On an annual basis, activity index fell 4.63% in July, after falling 4.76% in June. The decrease in activity index was mainly due to fall in exports of goods and industrial production, the statistical office said.

Wednesday, the Statistics Sweden said in a report that the activity index, which measures the activity in the Swedish economy, decreased a seasonally adjusted 0.39% month-on-month in July, compared to a revised 0.41% fall in the previous month. (Market News Provided by RTTNews)