Industrial Production in Sweden
The Swedish economy recorded an average industrial production growth rate of 1.2% in the decade to 2022. In 2022, industrial production growth was 2.0%. For more industry information, visit our dedicated page.
Sweden Industry Chart
Sweden Industry Data
2018 | 2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|---|
Industrial Production (ann. var. %) | 2.7 | 2.4 | -4.9 | 7.0 | 2.1 |
Industrial output rebounds in December
Industrial output—excluding energy—increased 1.7% month on month in seasonally adjusted terms in December, which contrasted November's 0.9% decrease. Looking at the details of the release, December’s acceleration was due to a notable rebound in both manufacturing and mining production. On an annual basis, industrial production rose at a faster rate of 1.6% in December (November: +0.7% yoy) Meanwhile, the annual average of industrial production was steady coming in at November's 1.5% in December.
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Swedish industry projections for the next ten years from a panel of 7 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for Swedish industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Swedish industry projections.
Want to get access to the full dataset of Swedish industry forecasts? Send an email to info@focus-economics.com.
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