Industrial production in Sweden rose 0.8 percent from a year earlier in November 2019, after a downwardly revised 2.7 percent decline in the previous month. Output recovered for manufacturing (0.6 percent vs -3 percent in October) and it grew faster for mining & quarrying (3.5 percent vs 2.7 percent). Meanwhile, production slowed for electricity, gas, steam and hot water plants (5.3 percent vs 7.7 percent). On a seasonally adjusted monthly basis, industrial production increased 2.1 percent compared to an upwardly revised 1.7 percent decrease in the previous month. Industrial Production in Sweden averaged 0.11 percent from 2000 until 2019, reaching an all time high of 12.60 percent in February of 2011 and a record low of -26.40 percent in February of 2010. source: Statistics Sweden
Industrial Production in Sweden is expected to be 2.70 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 3.00 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.