Industrial production · Sweden
Sweden Capacity Utilization QoQ
The Sweden Capacity Utilization QoQ measures the output of factories, mines and utilities in Sweden (or of one industry).
- Importance
- Low
- Released
- Quarterly
- Currency
- SEK · Swedish krona
- Central bank
- The Riksbank
Latest figures
The latest release for Q4, published on 20 February 2026, came in at -0.6%, down from -0.3% the time before (revised).
Over the last 5 releases it ranged from -0.6% to 0.7%, averaging 0.2%; it has been falling for three releases in a row.
| Released | For | Actual | Consensus | Previous |
|---|---|---|---|---|
| 20 Feb 2026 | Q4 | -0.6% | – | -0.3% ® |
| 21 Nov 2025 | Q3 | -0.2% | – | 0.8% ® |
| 21 Aug 2025 | Q2 | 0.4% | – | 0.6% ® |
| 21 May 2025 | Q1 | 0.5% | – | 0.5% ® |
| 20 Feb 2025 | Q4 | 0.7% | – | -1.4% ® |
Why it matters
Industry is a smaller share of output than services in most rich economies but it is far more cyclical and reacts first to global demand. Strong production supports growth estimates; capacity utilisation near its limits points to inflation pressure.
How it is calculated
Statistics Sweden (SCB) combines physical output and deflated sales data for many industries into a volume index, adjusted for working days and seasons. Capacity utilisation divides output by estimated maximum output.
Change (mom) = index ÷ last month's index − 1
Capacity utilisation = output ÷ capacity × 100What changes mean
- Monthly changes are noisy (weather, holidays, strikes); compare with the year-on-year rate.
- In Germany, Japan, Korea and China industry carries more weight for the currency.
Higher than expected: A stronger figure than expected points to a healthier economy: it usually supports the Swedish krona and local stocks, and can push bond yields up.
Lower than expected: A weaker figure than expected points to slowing activity: the Swedish krona tends to soften and markets price in lower rates.
A short history
The US Federal Reserve has published its industrial production index since 1919; it is one of the series used to date US business cycles.
The Riksbank is the world's oldest central bank, founded in 1668.
Questions
What is the Sweden Capacity Utilization QoQ?
The Sweden Capacity Utilization QoQ measures the output of factories, mines and utilities in Sweden (or of one industry).
What was the latest Sweden Capacity Utilization QoQ?
-0.6% for Q4, published on 20 February 2026.
Educational content only, not investment advice. Figures are the published results as recorded by our calendar; market reactions described are typical, not guaranteed.