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. source: Statistics Sweden
Industrial Production in Sweden averaged -0.49 percent from 2001 until 2021, reaching an all time high of 12.60 percent in February of 2011 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 May of 2021.
Industrial Production in Sweden is expected to be 3.00 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 3.20 in 12 months time. In the long-term, the Sweden Industrial Production Value Index YoY is projected to trend around 2.60 percent in 2022, according to our econometric models.