Industry in Sweden

Sweden Industry | Economic News & Forecasts

Sweden - Industry

Industrial production tumbles in December

Industrial production excluding energy decreased 1.6% in calendar- and seasonally-adjusted terms in December, contrasting the revised 1.7% increase in November (previously reported: +2.1% month-on-month). December’s reading was due to output drops in both the manufacturing sector and the mining and quarrying sector.

On a year-on-year basis, industrial production decreased 2.4% in December, contrasting the 0.4% increase in November. Annual average growth in industrial production slowed to 1.2% in December from 1.5% in November.

FocusEconomics Consensus Forecast panelists project that industrial production will increase 0.7% in 2020, which is up 0.1 percentage points from last month’s forecast, and 1.8% in 2021.

Sweden - Industry Data

2014   2015   2016   2017   2018  
Industrial Production (annual variation in %)-2.2  2.9  2.2  4.7  3.2  

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Sweden Industry Chart

Sweden Industry
Note: Annual variation of industrial production in %.
Source: Statistics Sweden.

Sweden Facts

Value Change Date
Bond Yield0.15-4.79 %Jan 01
Exchange Rate9.36-0.20 %Jan 01

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