Sweden Industry February 2021

Sweden

Sweden: Industrial output accelerates in February

April 8, 2021

Industrial production rose 1.0% month-on-month in seasonally-adjusted terms in February, contrasting January’s 1.0% decrease. February's turnaround largely reflected recoveries in manufacturing and mining output.

On an annual basis, industrial output rose at a quicker rate of 2.5% in February (January: +1.0% yoy). Accordingly, the trend improved slightly, with the annual average variation of industrial production coming in at minus 4.2%, up from January's minus 4.4%.

FocusEconomics Consensus Forecast panelists project that industrial production will increase 5.2% in 2021, which is up 0.4 percentage points from last month’s forecast, and rise 3.2% in 2022.


Author:, Economist

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Sweden Industry Chart


Sweden Industry February 2021

Note: Month-on-month seasonally adjusted and year-on-year variation in %.
Source: Statistics Sweden (SCB).


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