Sweden Industry January 2020


Sweden: Industrial production rebounds in January

March 5, 2020

Industrial production excluding energy increased 1.5% in calendar- and seasonally-adjusted terms in January, contrasting the revised 1.3% decrease in December (previously reported: +1.6% month-on-month). January’s reading was due to output rises in both the manufacturing sector and the mining and quarrying sector.

On a year-on-year basis, industrial production increased 0.1% in January, contrasting the 1.6% decrease in December. Annual average growth in industrial production slowed to 1.1% in January from 1.3% in December.

FocusEconomics Consensus Forecast panelists project that industrial production will increase 0.5% in 2020, which is down 0.2 percentage points from last month’s forecast, and 1.9% in 2021.

Author:, Economist

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Sweden Industry Chart

Sweden Industry January 20 20

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

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