The skyline in Sweden

Sweden Industry

Sweden Industry

Industrial Production in Sweden

The Swedish economy recorded an average industrial production growth rate of 1.2% in the decade to 2022. In 2022, industrial production growth was 2.0%. For more industry information, visit our dedicated page.

Sweden Industry Chart

Note: This chart displays Industrial Production (annual variation in %) for Sweden from 2014 to 2023.
Source: Macrobond.

Sweden Industry Data

2019 2020 2021 2022 2023
Industrial Production (ann. var. %) 2.3 -4.9 7.0 2.1 0.3

Industrial output grows at fastest pace since August 2023 in May

Industrial output—excluding energy—rose 1.2% month on month in seasonally adjusted terms in May (April: -2.5% mom). The print marked the best reading since August 2023. Looking at the details of the release, May's turnaround came on the back of recoveries in manufacturing and mining production. On an annual basis, factory output dropped 2.8% in May, easing from April’s 4.3% fall. Accordingly, the trend pointed down, with the annual average variation of industrial production coming in at minus 0.9%, down from April's minus 0.3%.

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 7 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.

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