The skyline in Sweden

Industry in Sweden

Sweden Industry

Industrial activity contracts at sharpest pace since August 2022 in June

Industrial output decreased 4.4% in month-on-month seasonally adjusted terms in June, which contrasted May’s 0.2% increase. June’s downturn marked the worst reading since August 2022. Looking at the details of the release, the notable deterioration reflected manufacturing output shrinking markedly in June, and mining output swung to contraction.

On an annual basis, factory output fell 2.6% in June (May: +4.5% yoy), the worst result since July 2020. Accordingly, the trend pointed down, with the annual average growth of industrial production coming in at 3.1% in June, down from May’s 3.5% reading.

Sweden Industry Chart

This chart displays Industrial Production (ann. var. %) for Sweden from 2013 to 2022.

Sweden Industry Data

2018 2019 2020 2021 2022
Industrial Production (ann. var. %) 2.6 2.4 -4.9 7.0 2.1

Free sample report

Interested in economic reports, analysis and data? FocusEconomics provides data, forecasts and analysis for hundreds of countries and commodities. Request your free sample report now.

Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest