Sweden Industry July 2020

Sweden

Sweden: Industrial output growth eases in July

September 8, 2020

Industrial output rose 2.4% month-on-month in seasonally-adjusted terms in July, which was a deterioration from June's 8.2% increase.

Looking at the details of the release, softer growth in mining output and a mild contraction in the manufacturing sector drove the slowdown.

On an annual basis, industrial production decreased 8.0% in July, a softer contraction than June’s 8.9% fall. Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 3.7%, down from June's minus 2.7% reading.

FocusEconomics Consensus Forecast panelists project that industrial production will decrease 5.4% in 2020, which is up 2.5 percentage points from last month’s forecast, before rising 4.5% in 2021.


Author:, Economist

Sample Report

Looking for forecasts related to Industry in Sweden? Download a sample report now.

Download

Sweden Industry Chart


Sweden Industry July 20 20

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


Sweden Economic News

  • Sweden: Inflation falls to lowest level since May in September

    October 13, 2020

    Consumer prices with a fixed interest rate increased 0.07% over the previous month in September, swinging from the 0.15% fall recorded in August.

    Read more

  • Sweden: Industrial output gains steam in August

    October 6, 2020

    Industrial production grew 7.8% on a calendar-adjusted month-on-month basis in August, which was markedly higher than July’s 2.6% increase and marked the fourth monthly increase in production in a row. Looking at the details of the release, the increase was largely driven by faster growth in manufacturing production, while contracting mining output tempered the overall rise.

    Read more

  • Sweden: Economic sentiment picks up in September

    September 29, 2020

    The economic tendency indicator rose to 94.5 in September from August's 87.6.

    Read more

  • Sweden: Riksbank holds monetary policy steady, upgrades outlook for 2020

    September 22, 2020

    At its monetary policy meeting on 22 September, the Riksbank kept its monetary policy unchanged, holding its key repo rate at 0.00%, and pledging to continue its asset purchasing program. The Central Bank maintained a cautious tone in its communiqué, noting that “the effects of the pandemic on the global economy are expected to be prolonged, and future developments are fraught with risks of setbacks, in both the short and longer term”.

    Read more

  • Sweden: Inflation ticks up in August

    September 10, 2020

    Consumer prices fell 0.15% over the previous month in August, contrasting July's 0.20% rise.

    Read more

More news

Search form