Annual Industrial Output Up 7 Percent

Statistics Sweden reports that industrial output here rose 7 percent year-on-year in August.

That follows a 1.6 percent gain in July. The report says the gains bode well for the broad economy. The agency says industrial orders grew by 4.9 percent.

The biggest month-on-month output rise cam in the telecom products industry, where production rose 29.9 percent.