Sweden's industrial production went up 0.8 percent from a year earlier in November of 2020, following an upwardly revised 0.6 percent increase in October, as the economy gradually recovers from the pandemic shock. It was the strongest increase in industrial activity since November of 2019, supported by manufacturing (1.1 percent vs 0.8 percent in October). By contrast, mining production continued to fall although at a softer pace (-2.6 percent vs -4.1 percent). On a monthly basis, industrial output increased 1.5 percent, easing from an upwardly revised 2 percent rise in the prior month. source: Statistics Sweden
Industrial Production in Sweden averaged 0.50 percent from 2001 until 2020, reaching an all time high of 15.10 percent in July of 2010 and a record low of -22.90 percent in May of 2009. This page provides the latest reported value for - Sweden Industrial Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Sweden Industrial Production Value Index YoY - data, historical chart, forecasts and calendar of releases - was last updated on January of 2021.
Industrial Production in Sweden is expected to be 2.50 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 3.20 in 12 months time. In the long-term, the Sweden Industrial Production Value Index YoY is projected to trend around 2.60 percent in 2022, according to our econometric models.