Industry in Sweden

Sweden Industry | Economic News & Forecasts

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  

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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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