Sweden's industrial production advanced 24.2% year-on-year in May of 2021, after an upwardly revised 27.1% jump in the previous month. It was the second-fastest rise in industrial activity since the series began in January of 2001, largely due to low base effects and also helped by the gradual lifting of Covid-19 restrictions. Production continued to rise solidly for manufacturing (24.8% vs 28.6% in April), mainly boosted by motor vehicles, trailers and semi-trailers (68.9%). At the same time, mining activity growth accelerated (8.1% vs 0.5%). On a monthly basis, industrial output increased 0.1%, following an upwardly revised 0.9% rise in the previous month. source: Statistics Sweden
Industrial Production in Sweden averaged -0.28 percent from 2001 until 2021, reaching an all time high of 26.40 percent in April of 2021 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 July of 2021.
Industrial Production in Sweden is expected to be 6.80 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 4.10 in 12 months time. In the long-term, the Sweden Industrial Production Value Index YoY is projected to trend around 3.60 percent in 2022 and 2.50 percent in 2023, according to our econometric models.