FX.co ★ Sweden’s Industrial Output Swings Into Reverse in September, Down 3.2% Month-on-Month

Sweden’s industrial production posted a sharp month-on-month decline in September 2026, reversing the strong gains seen over the summer. Output fell by 3.2% compared with August, according to data updated on 10 November 2026, after having risen by 5.4% in August versus July.

The figures underline a marked loss of momentum in Sweden’s industrial sector on a month-over-month basis. While August 2026 showed robust growth, the negative print in September signals a notable correction when compared with the surge in the previous month’s activity.

On a month-to-month comparison, the “actual” September reading of -3.2% reflects the change from August to September, while the “previous” 5.4% figure captured the increase from July to August. This swing from strong expansion to contraction highlights growing short-term volatility in Sweden’s industrial performance.