Sweden June Activity Index Drops

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Thursday, the Statistics Sweden said in a report that the activity index, which measures activity in the Swedish economy, dropped a seasonally adjusted 0.30% month-on-month in June compared to a revised 0.3% fall in the preceding month.

On an annual basis, activity index declined 3.6% in June.

The statistical office said the decrease in the index was mainly due to decline in industrial production. However, imports and retail trade turnover made positive contributions.

Thursday, the Statistics Sweden said in a report that the activity index, which measures activity in the Swedish economy, dropped a seasonally adjusted 0.30% month-on-month in June compared to a revised 0.3% fall in the preceding month. (Market News Provided by RTTNews)