Industry in Sweden
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 |
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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Sweden: Industrial production tumbles in December
February 5, 2020
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).
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