Sweden’s industrial production rose 3.4 percent year-on-year in April 2019, following a downwardly revised 0.3 percent fall in the previous month. It was the biggest increase in industrial output since May last year, as manufacturing production rebounded (3.4 percent compared to -0.3 percent in March and mining and quarrying output advanced at a faster pace (2.1 percent compared to 0.9 percent). On a seasonally adjusted monthly basis, industrial output went up 1.3 percent, after a downwardly revised 1.9 percent decline in the prior month. Industrial Production in Sweden averaged 1.01 percent from 2000 until 2019, reaching an all time high of 14.10 percent in July of 2010 and a record low of -23.80 percent in January of 2009.
Industrial Production in Sweden is expected to be 3.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Sweden to stand at 2.70 in 12 months time. In the long-term, the Sweden Industrial Production is projected to trend around 3.20 percent in 2020, according to our econometric models.