Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Sweden
Annual, Seasonally Adjusted
SWEPROMANAISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
120.45
Year-over-Year Change
10.75%
Date Range
1/1/1955 - 1/1/2023
Summary
The Annual, Seasonally Adjusted trend measures the productivity of workers in the manufacturing industry in Sweden. It is a key indicator of economic performance and competitiveness.
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 trend represents the amount of output produced per hour worked in the Swedish manufacturing sector, adjusted for seasonal variations. It is an important metric for evaluating labor productivity and international trade dynamics.
Methodology
The data is collected through employer surveys and calculated as the ratio of real manufacturing output to total manufacturing hours worked.
Historical Context
Policymakers and analysts use this productivity measure to assess the competitiveness of Swedish manufacturing in global markets.
Key Facts
- Sweden is a major exporter of manufactured goods.
- Manufacturing accounts for over 15% of Sweden's GDP.
- Labor productivity has increased by over 20% in the past decade.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted trend measures the output per hour worked in the Swedish manufacturing industry, adjusting for seasonal fluctuations.
Q: Why is this trend relevant for users or analysts?
A: This productivity measure is crucial for evaluating the competitiveness of Swedish manufacturing and its ability to compete in global markets.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys and calculated as the ratio of real manufacturing output to total manufacturing hours worked.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this productivity measure to assess the competitiveness of Swedish manufacturing and inform trade, investment, and labor market policies.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month lag and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (SWEPROMANAISMEI), retrieved from FRED.