Sweden Industry December 2020

Sweden

Sweden: Industrial output growth broadly unchanged in December

February 5, 2021

Industrial output increased 0.4% in month-on-month seasonally-adjusted terms in December, which matched November's 0.4% increase. Looking at the details of the release, manufacturing output softened in December, while mining output rose at a quicker pace.

On an annual basis, industrial production increased 1.2% in December, rebounding from November’s 0.7% fall and marking the best result since November 2019. Moreover, the trend improved modestly, with the annual average variation of industrial production coming in at minus 4.4%, up from November's minus 4.6%.

FocusEconomics Consensus Forecast panelists project that industrial production will increase 4.8% in 2021, which is unchanged from last month’s forecast, and rise 3.3% in 2022.


Author:, Economist

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Sweden Industry Chart


Sweden Industry December 20 20

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


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