Energy price shock hits Swedish exports

How Swedish manufacturers are affected by the energy crisis

07.12.2022

The impact of surging energy prices in Sweden and Europe is being felt right across society. Business Sweden presents a new survey showing that two-thirds of manufacturers in Sweden are moderately or severely impacted by the electricity price shock – and many are signalling cutbacks.

Lena Sellgren

Chief Economist Stockholm

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https://www.business-sweden.com/insights/reports/energy-price-shock-hits-swedish-exports/

Manufacturers in Sweden whose goods are destined for export are taking considerable measures to counter the negative effects of skyrocketing energy prices. This is revealed in a new survey conducted by Business Sweden and market research firm Origo Group.

Two-thirds of manufacturers – who account for 92 per cent of Sweden’s export of goods – are moderately or severely affected by the soaring energy prices for their operations, with profitability taking the biggest hit. A quarter of the respondents have opted to…