Sweden Industry September 2022


Sweden: Industrial output bounces back in September

November 9, 2022

Industrial output expanded 3.6% month on month in seasonally adjusted terms in September, which contrasted August's 6.9% plunge. Looking at the details of the release, September's figure was chiefly due to a notable rebound in manufacturing production, which more than offset mining and quarrying production falling markedly.

On an annual basis, industrial production rose at a faster rate of 6.5% in September (August: +1.8% yoy). Consequently, annual average industrial production growth rose to 2.6% in September (August: +2.1%), signaling an improving trend in the industrial sector.

FocusEconomics Consensus Forecast panelists project that industrial production will increase 0.5% in 2023, which is down 0.5 percentage points from last month’s forecast, and rise 2.1% in 2024.


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Sweden Industry Chart

Sweden Industry September 2022

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

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