Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Sweden
LCEAMN01SEQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
126.71
Year-over-Year Change
11.15%
Date Range
1/1/1971 - 1/1/2025
Summary
The 'Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Sweden' metric tracks changes in average hourly wages for manufacturing workers in Sweden. This data provides insights into labor costs and productivity trends within the Swedish economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series measures the average hourly earnings of employees in the manufacturing sector of the Swedish economy. It is a key indicator of labor market conditions and can inform economic policymaking as well as business and investment decisions.
Methodology
The data is collected through surveys of Swedish businesses and compiled by national statistical agencies.
Historical Context
Hourly earnings data is used by economists, policymakers, and market analysts to assess the competitiveness and inflationary pressures within the Swedish economy.
Key Facts
- Sweden is a major manufacturing exporter.
- Manufacturing accounts for over 20% of Sweden's GDP.
- Hourly wages in Swedish manufacturing have risen steadily in recent years.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average hourly earnings of employees in the manufacturing sector of the Swedish economy.
Q: Why is this trend relevant for users or analysts?
A: Hourly earnings data provides insights into labor market conditions, productivity, and inflationary pressures within the Swedish economy, which is important for economic policymaking and business decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Swedish businesses and compiled by national statistical agencies.
Q: How is this trend used in economic policy?
A: Hourly earnings data is used by economists and policymakers to assess the competitiveness and inflationary pressures within the Swedish economy.
Q: Are there update delays or limitations?
A: This data is subject to the release schedules and methodological changes of the national statistical agencies that collect and publish it.
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Citation
U.S. Federal Reserve, Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Sweden (LCEAMN01SEQ661N), retrieved from FRED.