Sweden’s industrial production increased 2.6 percent from a year earlier in December of 2018, following a downwardly revised 1.1 percent rise in the previous month. It was the highest annual gain in industrial activity since August, as manufacturing output advanced faster (2.7 percent from 1.3 percent in November). On the other hand, production fell further for mining and quarrying (-2.6 percent from -1 percent). On a monthly basis, industrial output went up 1.8 percent, rebounding from a 0.4 percent fall in November. Industrial Production in Sweden averaged 1 percent from 2000 until 2018, 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 3.60 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 2.50 in 12 months time. In the long-term, the Sweden Industrial Production is projected to trend around 2.40 percent in 2020, according to our econometric models.