WEEKLY UPDATE - Stocks in Stockholm rose during the week as Sweden is making a spectacular recovery from the deep recession.

Stocks in Stockholm rose 0.17 percent Friday amid mixed world economic data. The OMX Stockholm 30 index was up 2.47 percent compared to last week.

Swedish industial output jumped 14.4 percent in July, its sharpest annual gain since 2000, the national statistics office announced Friday.

Sweden is making a spectacular recovery from the deep recession the export-reliant economy experienced during the global financial crisis. Second quarter GDP rose by 4.6 percent; the country’s highest growth rate since 2000.

"It's pretty fair to say that the sun is shining over the Swedish economy currently," Swedish Finance Minister said after the figures were presented.

However, the OECD warned Thursday that global economic recovery is slowing faster than expected and extra stimulus from governments may be needed.

Swedish-Swiss engineering group ABB stuck to an upbeat forecast on its capital market day Friday, saying that demand remains robust and there are significant expansion opportunities in modernizing the world's power grids. Still, shared were down 1.20 percent.

"I would've been surprised if there had been a drop in demand," Zuercher Kantonalbank analyst Richard Frei told Reuters.

The world's largest mobile phone maker Nokia on Friday named a new software-oriented chief executive, Microsoft's Stephen Elop, to help it battle slumping profits and an eroding market share in the smartphone market. The news sent Nokia shares up 5 percent but closed up only 0.65 percent.

Bong Ljungdahl, a provider of specialised packaging and envelope products, rose 30 percent Thursday after announcing it will merge with Hamelin, a leading European stationery manufacturer.

Munters rallied 34 percent Monday after Alfa Laval, the world’s largest maker of heat exchangers, said it would offer 5.03 billion kronor ($700 million) for the dehumidifier maker. Alta Laval rose 1.1 percent.

The same day Eniro, the leading Nordic yellow-pages publisher, dived almost 10 percent after announcing it had sacked CEO Jesper Kärrbrink and that it would review its financial targets. The search industry has been hit by deep-seated structural changes and the company has lost more than 80 percent of its share price value during the last twop years.

Oil company Lundin Petroleum rose 3.7 percent Monday after it agreed to sell its non-operated interests in the Salawati assets in eastern Indonesia to Singapore-based RH Petrogas for 37.1million dollar.

Since the turn of the year the OMX Stockholm 30 index is up 12.31 percent.

This article has been published at The Swedish Wire and Nasdaq OMX Nordic.