Industry in Sweden

Sweden Industry | Economic News & Forecasts

Sweden - Industry

Industrial output bounces back in September

Industrial output expanded 3.6% month on month in seasonally adjusted terms in September, which contrasted August's 6.9% plunge. Looking at the details of the release, September's figure was chiefly due to a notable rebound in manufacturing production, which more than offset mining and quarrying production falling markedly.

On an annual basis, industrial production rose at a faster rate of 6.5% in September (August: +1.8% yoy). Consequently, annual average industrial production growth rose to 2.6% in September (August: +2.1%), signaling an improving trend in the industrial sector.

FocusEconomics Consensus Forecast panelists project that industrial production will increase 0.5% in 2023, which is down 0.5 percentage points from last month’s forecast, and rise 2.1% in 2024.

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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