Swedish industrial orders just exploded upwards in a bizarre boom

On Wednesday morning, investors got the news that German factory orders massively disappointed in September, coming in down 1.7% on the month, as opposed to the 1% increase that analysts expected.

But it might be some consolation that Swedish industrial orders are doing just a little bit better — in fact, they rose by a ridiculous 32.8% year-on-year during the same month.

You can see from the chart how colossal an increase that is, driven by a 56.9% hike in exports.

Statistics Sweden offers a further breakdown, showing that a colossal surge in international orders of transport equipment, up 1,898.9%, was the major part of the index that powered the boom.

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