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.

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Sweden Industrial Production Value Index YoY

Actual Previous Highest Lowest Dates Unit Frequency
24.20 27.10 27.10 -26.90 2001 - 2021 percent Monthly
WDA


Calendar GMT Actual Previous Consensus TEForecast
2021-04-08 07:30 AM Feb 2.4% 0.7% 3.2%
2021-05-05 07:30 AM Mar 5.7% 2.3% 3.6%
2021-06-08 07:30 AM Apr 26.4% 5.6% 22.5%
2021-07-07 07:30 AM May 24.2% 27.1% 21%
2021-08-10 07:30 AM Jun 24.2% 12.5%
2021-09-08 07:30 AM Jul
2021-10-06 07:30 AM Aug
2021-11-05 08:30 AM Sep


News Stream
Swedish Industrial Output Growth Remains Strong
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.
2021-07-07
Swedish Industrial Output Grows at Record Pace
Sweden's industrial production surged 26.4% year-on-year in April of 2021, following a downwardly revised 5.6% increase in the previous month. It was the fastest rise in industrial activity since the series began in January of 2001, largely due to a low base effect as the COVID-19 outbreak started to significantly impact production from March 2020. Production advanced solidly for manufacturing (27.7% vs 5.8% in March), mainly boosted by motor vehicles, trailers and semi-trailers (303% vs 19.9%). At the same time, mining activity went up slightly (0.2% vs 0.1%). On a monthly basis, industrial output increased 0.3%, following a downwardly revised 0.9% rise in the previous month.
2021-06-08
Swedish Industrial Output Growth at 3-Month High of 5.7%
Sweden's industrial production rose 5.7 percent year-on-year in March of 2021, following a downwardly revised 2.3 percent increase in the previous month and the most since December last year. Production advanced faster for manufacturing (6 percent vs 2 percent in February), coke and refined petroleum products (22.6 percent vs 2.7 percent); motor vehicles, trailers and semi-trailers (22.3 percent vs 6.9 percent); computer, electronic and optical products (15.5 percent vs 6.6 percent); electrical equipment (10.5 percent vs -5 percent); rubber and plastic products (10 percent vs 7.2 percent); basic metals (7 percent vs 1.9 percent); and textiles, clothing, leather industries (6 percent vs 0.6 percent). Meantime, mining and quarrying productions slowed (0.7 percent vs 9.7 percent). On a seasonally adjusted monthly basis, industrial output went up 1.1 percent, after a 1 percent gain in February.
2021-05-05
Swedish Industrial Output Growth Quickens to 2.4%
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.
2021-04-08

Sweden Industrial Production Value Index YoY
In Sweden, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing and mining.