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
|Industrial Production (annual variation in %)||-2.2||2.9||2.2||4.7||3.2|
5 years of economic forecasts for more than 30 economic indicators.
Sweden Industry Chart
Source: Statistics Sweden.
|Bond Yield||0.15||-4.79 %||Jan 01|
|Exchange Rate||9.36||-0.20 %||Jan 01|
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February 12, 2020
At its 12 February monetary policy meeting, the Central Bank left the repo rate unchanged at 0.00%, where it has been since it was raised from minus 0.25% on 19 December 2019.
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).
January 29, 2020
The economic tendency indicator increased to 97.1 points in January from the revised 93.5 points in December (previously reported: 93.3 points).
January 15, 2020
Consumer prices increased 0.4% in December from the previous month, up from the 0.1% increase in November and partly due to more expensive transport prices.
January 10, 2020
Total industrial production excluding energy increased 2.1% in November in seasonally- and calendar-adjusted terms, contrasting the revised 1.7% decrease in October (previously reported: -1.8% month-on-month).