FX.co ★ Sweden Industrial Output Falls Further

In March 2025, Sweden experienced a 3.5% decline in industrial production compared to the same month the previous year, marking a significant drop from the 0.7% decrease observed in February. The manufacturing sector saw a continuing decrease, with output falling 3.5%—a sharp contrast to the 0.8% decline in the prior month. The most notable downturn occurred in the chemical and pharmaceutical sector, which plummeted by 15.2%. Additionally, the mining and quarrying industry saw a reversal, contracting by 2.7% after experiencing a 2% increase in the previous month. On a seasonally adjusted basis, industrial output fell by 1.6% in March, following a revised minor gain of 0.1% in February.