Industry in Sweden
Sweden - Industry
Industrial output growth improves in March
Industrial output expanded 1.7% month-on-month in seasonally-adjusted terms in March (February: +0.3% mom). Looking at the details of the release, March's acceleration was largely due to faster growth in manufacturing output. In addition, mining output picked up pace.
On an annual basis, industrial production rose at a quicker rate of 1.8% in March (February: +1.1% yoy). Meanwhile, the trend pointed down, with annual average industrial production growth falling to a six-month low of 7.2% in March (February: +7.7%).
FocusEconomics Consensus Forecast panelists project that industrial production will increase 2.8% in 2022, which is down 0.3 percentage points from last month’s forecast, and rise 2.3% in 2023.
Sweden - Industry Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | 2.9 | 2.2 | 4.7 | 3.2 | 1.2 |
Sweden Industry Chart
Source: Statistics Sweden.
Sweden Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.15 | -4.79 % | Jan 01 |
| Exchange Rate | 9.36 | -0.20 % | Jan 01 |
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Economic News
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Sweden: Inflation comes in at fresh high in April
May 12, 2022
Consumer prices with a fixed interest rate rose 0.58% in April over the previous month, which was below March's 1.73% increase.
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Sweden: Industrial output growth improves in March
May 6, 2022
Industrial output expanded 1.7% month-on-month in seasonally-adjusted terms in March (February: +0.3% mom).
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Sweden: Riksbank unexpectedly delivers key rate hike in April
April 28, 2022
At its meeting on 27 April, the Riksbank surprised market analysts by raising its key repo rate to 0.25%—effective from 4 May—from 0.00%, where it has been since December 2019.
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Sweden: Economic sentiment deteriorates but remains optimistic in April
April 28, 2022
The economic tendency indicator (ETI) came in at 109.5 in April, down from March's 110.3.
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Sweden: Economic growth declines according to advanced Q1 data
April 28, 2022
The economy dropped 0.4% in seasonally-adjusted quarter-on-quarter terms in the first quarter of 2022, according to preliminary figures released by Statistics Sweden.
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