Industry in Sweden

Sweden Industry | Economic News & Forecasts

Sweden - Industry

Industrial output growth gains momentum in June

Industrial output increased 1.3% in month-on-month seasonally-adjusted terms in June, which followed May's 0.9% increase. Looking at the details of the release, June's upturn was chiefly due to mining and quarrying activity rebounding. Additionally, manufacturing production accelerated.

On an annual basis, industrial output increased 1.7% in June, which was above May’s 0.9% expansion. Still, annual average industrial production growth fell to 2.1% in June (May: +3.3%). This signals a worsening trend in the industrial sector.

FocusEconomics Consensus Forecast panelists project that industrial production will increase 1.8% in 2022, which is down 0.3 percentage points from last month’s forecast, and rise 2.4% in 2023.

Sweden - Industry Data

2015   2016   2017   2018   2019  
Industrial Production (annual variation in %)2.9  2.2  4.7  3.2  1.2  

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Sweden Industry Chart

Sweden Industry
Note: Annual variation of industrial production in %.
Source: Statistics Sweden.

Sweden Facts

Value Change Date
Bond Yield0.15-4.79 %Jan 01
Exchange Rate9.36-0.20 %Jan 01

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