Sweden's industrial production grew 4.6 percent from a year earlier in October 2018, following an upwardly revised 2.1 percent increase in the previous month, as manufacturing advanced at a faster 5 percent (vs 2.1 percent in September). Meanwhile, mining output shrank 6.7 percent in October, compared to a 3.2 percent gain in September. On a monthly basis, industrial production jumped 2.8 percent. Industrial Production in Sweden averaged 1 percent from 2000 until 2018, 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.
Industrial Production in Sweden is expected to be 4.50 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 1.04 in 12 months time. In the long-term, the Sweden Industrial Production is projected to trend around 2.40 percent in 2020, according to our econometric models.