Sweden’s industrial production rose 3.2 percent year-on-year in July 2019, following an upwardly revised 1.1 percent fall in the previous month. Manufacturing output rebounded (3.1 percent vs -1.1 percent in June) while mining & quarrying production advanced faster (5.1 percent vs 0.3 percent). On a seasonally adjusted monthly basis, industrial output went up 1.3 percent, rebounding from a downwardly revised -1.0 percent fall in June. Industrial Production in Sweden averaged 1.08 percent from 2000 until 2019, 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 2.80 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 3.20 in 12 months time. In the long-term, the Sweden Industrial Production is projected to trend around 3.20 percent in 2020, according to our econometric models.