Production: Industry: Total Industry Excluding Construction for Sweden
PRINTO01SEA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.50
Year-over-Year Change
-77.25%
Date Range
1/1/1956 - 1/1/2024
Summary
The 'Production: Industry: Total Industry Excluding Construction for Sweden' trend measures the overall output of the Swedish industrial sector, excluding the construction industry. This metric is closely watched by economists and policymakers as an indicator of the health and direction of 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 economic indicator tracks the monthly production levels of the Swedish industrial sector, excluding construction. It provides insight into the broader performance of the manufacturing, mining, and utilities industries, which are critical drivers of economic growth and employment.
Methodology
The data is collected and calculated by Statistics Sweden based on surveys of industrial production.
Historical Context
This trend is used by analysts, investors, and policymakers to assess the current state and near-term outlook for the Swedish economy.
Key Facts
- Sweden is a major European industrial economy.
- The industrial sector excluding construction accounts for over 20% of Sweden's GDP.
- Production levels in this sector are closely tied to Swedish export performance.
FAQs
Q: What does this economic trend measure?
A: This trend measures the overall output of the Swedish industrial sector, excluding the construction industry. It provides an indicator of the performance of manufacturing, mining, and utilities in Sweden.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important barometer of the health and direction of the Swedish economy, as the industrial sector is a major driver of growth and employment.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Statistics Sweden based on surveys of industrial production.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the current state and near-term outlook for the Swedish economy, informing decisions on fiscal, monetary, and trade policies.
Q: Are there update delays or limitations?
A: The data is published monthly by Statistics Sweden, with a typical delay of 4-6 weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Production: Industry: Total Industry Excluding Construction for Sweden (PRINTO01SEA659S), retrieved from FRED.