Latest reading: Industrial output expanded 8.9% in year-on-year terms in July (June: +7.2% yoy), marking the fastest growth rate since...
Industrial Production in Sweden
The Swedish economy recorded an average industrial production growth rate of 1.5% in the decade to 2024. In 2024, industrial production growth was -0.4%. For more industry information, visit our dedicated page.
Sweden Industry Chart
Note: This chart displays Industrial Production (annual variation in %) for Sweden from 2019 to 2024.
Source: Macrobond.
Sweden Industry Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | -4.7 | 6.5 | 2.4 | 0.0 | -0.4 |
Industrial output clocks quickest growth since August 2020 in June
Latest reading: Industrial output—excluding energy—expanded 6.7% in seasonally and calendar-adjusted month on month terms in June, which contrasted May's 1.3% decrease. The print marked the best reading since August 2020. Looking at the details of the release, both manufacturing and mining and quarrying production bounced back in June. On an annual basis, factory output rose at a faster rate of 13.5% in calendar-adjusted terms in June (May: +3.2% yoy c.a.), the best result since June 2021. Accordingly, the trend improved notably, with the annual average growth of industrial production coming in at 2.0% in June, up from May's 0.6%.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Swedish industry projections for the next ten years from a panel of 3 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for Swedish industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Swedish industry projections.
Want to get access to the full dataset of Swedish industry forecasts? Send an email to info@focus-economics.com.
Latest Global Industrial production News
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Kazakhstan: Industrial output growth records best reading since February in July -
Euro Area: Industrial activity deteriorates in June Latest reading: Industrial output declined 1.3% month-on-month in seasonally adjusted terms in June (May: +1.1% mom). Looking at the details... -
South Africa: Manufacturing production flatlines in June Latest reading: Manufacturing output flatlined month on month in seasonally adjusted terms in June, which followed May’s 2.2% increase. Looking... -
Cyprus: Industrial output drops at sharpest rate since November 2024 in June Latest reading: Industrial output fell 0.9% year on year in calendar-adjusted terms in June, which contrasted May’s 0.4% increase. June’s... -
Greece: Industrial output grows at fastest pace in over one year in June Latest reading: Industrial output increased 3.2% in month-on-month seasonally adjusted terms in June, which contrasted May’s 0.1% decrease. June’s print... -
Ireland: Industrial output plummets in June Latest reading: Industrial production fell 11.3% month on month in seasonally adjusted terms in June (May: +11.9% mom s.a.). June’s... -
Sweden: Industrial output clocks quickest growth since August 2020 in June Latest reading: Industrial output—excluding energy—expanded 6.7% in seasonally and calendar-adjusted month on month terms in June, which contrasted May’s 1.3%...