Sweden's Construction Starts Rise Driven by Large Projects in Luleå and Borlänge

Construction starts in Sweden increased by 1.0% from October to November, with a nearly 17% rise over the past year, primarily due to a recovery in residential construction. The recent positive trend is linked to major projects such as steelworks in Luleå and data centers in Borlänge, where construction has now commenced.

This aligns with general economic indicators suggesting a recovery in the Swedish economy. The construction sector has shown a positive trend throughout the year in terms of initiated projects, which is expected to gradually boost production and working hours over the lifespan of the investments.