Latest reading: Industrial output declined 1.2% month-on-month in seasonally adjusted terms in July (June: +2.1% mom). The result marked the...
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 contracts at sharpest pace in seven months in July
Latest reading: Industrial output—excluding energy—nosedived 6.6% in month-on-month seasonally adjusted terms in July, which contrasted June's 7.3% increase. The result marked the worst reading since January. Looking at the details of the release, July's downturn was largely driven by a deterioration in manufacturing output. In addition, mining production contracted heavily. On an annual basis, industrial output increased 4.1% in calendar-adjuster terms in July, which was well below June’s 14.6% expansion. Still, the trend improved, with the annual average growth of industrial production coming in at 2.7%, up from June's 2.2% reading.
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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Sweden: Industrial output contracts at sharpest pace in seven months in July Latest reading: Industrial output—excluding energy—nosedived 6.6% in month-on-month seasonally adjusted terms in July, which contrasted June’s 7.3% increase. The result... -
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