Sweden's industrial production rose 2.4 percent year-on-year in February of 2021, following a downwardly revised 0.7 percent increase in the previous month. Production advanced faster for manufacturing (2 percent vs 0.9 percent in January), mainly boosted by the motor vehicle industry (7.4 percent vs 4.9 percent). In addition, output rebounded strongly for mining (9.4 percent vs -7.8 percent). On a seasonally adjusted monthly basis, industrial output grew 1 percent, recovering from an upwardly revised 1.9 percent fall in the preceding month. source: Statistics Sweden
Industrial Production in Sweden averaged -0.51 percent from 2001 until 2021, reaching an all time high of 12.60 percent in February of 2011 and a record low of -26.90 percent in July of 2010. 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 April of 2021.
Industrial Production in Sweden is expected to be 3.00 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.