Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Sweden
SWEHOUREAQISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
127.25
Year-over-Year Change
11.19%
Date Range
1/1/1971 - 1/1/2025
Summary
The 'Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Sweden' metric measures average hourly earnings in the Swedish manufacturing sector, providing insight into labor costs and economic productivity.
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 represents the average hourly earnings of workers in the manufacturing industry in Sweden. It serves as an important indicator of labor market conditions, wage pressures, and the overall competitiveness of the Swedish manufacturing sector.
Methodology
The data is collected through employer surveys and compiled by the Swedish statistical agency.
Historical Context
Policymakers and analysts use this metric to assess the health of the Swedish economy and inform decisions around monetary and fiscal policies.
Key Facts
- Sweden is a major manufacturing hub in Europe.
- Manufacturing accounts for over 15% of Sweden's GDP.
- Hourly earnings in Swedish manufacturing have risen by 20% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of workers in the manufacturing sector of the Swedish economy.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor costs, productivity, and the overall competitiveness of the Swedish manufacturing industry, which is crucial for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys and compiled by the Swedish statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health of the Swedish economy and inform decisions around monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical delay of 1-2 months.
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Citation
U.S. Federal Reserve, Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Sweden (SWEHOUREAQISMEI), retrieved from FRED.