Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Sweden
PRINTO01SEA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
116.52
Year-over-Year Change
10.25%
Date Range
1/1/1955 - 1/1/2023
Summary
This economic trend measures the production volume of Sweden's industrial sector, excluding construction. It provides a key indicator of overall economic activity and industrial performance.
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
The Production Volume index tracks changes in the physical output of Swedish industries, capturing the scale of manufacturing, mining, and utility production. It serves as an important barometer of the nation's industrial health and can inform economic policymaking.
Methodology
The data is collected through surveys of industrial companies and compiled by Statistics Sweden.
Historical Context
This trend is closely monitored by policymakers, economists, and market analysts to assess the trajectory of Sweden's industrial economy.
Key Facts
- Sweden is a major industrial economy in Europe.
- Industrial production accounts for over 25% of Sweden's GDP.
- The production volume index has shown steady growth since 2016.
FAQs
Q: What does this economic trend measure?
A: This trend measures the production volume of Sweden's industrial sector, excluding construction. It tracks changes in the physical output of manufacturing, mining, and utility industries.
Q: Why is this trend relevant for users or analysts?
A: The production volume index is a key indicator of Sweden's overall economic activity and industrial performance, providing important insights for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of industrial companies and compiled by Statistics Sweden.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers to assess the trajectory of Sweden's industrial economy and inform economic decision-making.
Q: Are there update delays or limitations?
A: The production volume data is released on a monthly basis with a typical delay of 2-3 months.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Sweden (PRINTO01SEA661N), retrieved from FRED.