Sweden's industrial production fell 0.2 percent from a year earlier in August 2020, following an 8.0 percent slump in the previous month, as the economy continued to recover from the pandemic shock. Manufacturing output declined 0.1 percent, after an 8.7 percent slump in July; while mining and quarrying shrank 3.2 percent, compared to a 0.3 percent drop in the previous month.
Industrial Production in Sweden averaged 0.81 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 -2.00 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 3.80 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.