FX.co ★ Sweden Industrial Output Growth at 7-Month High

Industrial production in Sweden rose by 7.1% year-on-year in April 2026, accelerating from an upwardly revised 3.4% increase in March. This was the strongest expansion in industrial activity since September and was largely driven by a recovery in mining. Overall mining output grew by 2.3% after a 6.4% decline in the previous month, as metal ore mining returned to growth (0.6% vs -7.2%), and the contraction in other mining and quarrying activities narrowed (-1.1% vs -1.2%).

Manufacturing production increased by 7.2% (vs 3.8% in March), the fastest pace in seven months. The upturn was mainly supported by higher output of coke and refined petroleum products (18.9% vs 19.4%), chemical and pharmaceutical products (12.6% vs 20.8%), and other non-metallic mineral products (8.9% vs 1.9%).

On a seasonally adjusted month-on-month basis, total industrial output rebounded by 4.2% in April, following a downwardly revised 1.6% decline in the prior month.