Sweden's industrial production dropped 8 percent from a year earlier in July 2020, following an upwardly revised 8.9 percent fall in the previous month, amid the coronavirus pandemic. Manufacturing output declined 8.7 percent, after decreasing 9.1 percent in June; while mining production was unchanged following a 1.3 percent drop. On a monthly basis, industrial output increased 2.4 percent, easing from a downwardly revised 8.2 percent rise in the prior month.
Industrial Production in Sweden averaged 0.82 percent from 2000 until 2020, 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. 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 - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020. source: Statistics Sweden
Industrial Production in Sweden is expected to be -4.20 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 3.00 in 12 months time. In the long-term, the Sweden Industrial Production is projected to trend around 3.20 percent in 2021 and 2.60 percent in 2022, according to our econometric models.