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
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%.
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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