Investment Survey, May 2017:
A strong industry lifts the forecast slightly in 2017
Statistical news from Statistics Sweden 2017-05-26 9.30
Industrial enterprises report a forecast of SEK 70.0 billion (in current prices) for the full year 2017 according to Statistics Sweden’s May survey, which would mean an increase of three percent compared with the revised 2016 outcome. Enterprises’ reported forecasts in the May survey are SEK 124 million higher than in the February survey. According to the forecast, the volume increase in industry investments in 2017 is expected to be one percent.
The mining industry (B) revised its forecast upwards for 2017 by about SEK 96 million (current prices) compared with Statistics Sweden’s February survey, which can imply that market conditions have improved since the February survey (see Statistics Sweden indicators, Industry investments). However, the volume remains unchanged, according to the May survey forecast.
The manufacturing industry’s (C) forecast for 2017 is an upwards revision of about SEK 28 million compared with the forecast in the February survey. However, the steel and metal works industry (SNI 24) revised its forecast upwards by about SEK 420 million compared with the February forecast. Market conditions for the industry are assumed to co-vary with the mining industry, which may explain the revision. The pulp industry (SNI 17) revised its forecast downwards by about SEK 890 million from a high level, but the forecast also indicates a volume increase by about four percent.
New construction lifts the real estate industry to new heights
Property management (SNI 68 excl. 68.204) showed five percent in increased total volumes in 2016. Investment volumes in new construction, reconstruction and extensions of housing increased by about 39 percent in 2016 (compare SCB).
The industry is expected to increases its volumes of new construction, reconstruction and extensions by an additional nine percent in 2017. This is probably due to continued high demand for new construction (see Statistics Sweden, Andreas Svensson's comment and Statistics Sweden).
| Investments in SEK billions in current prices 2016 | Investments in SEK billions in current prices according to forecast in the February survey | Investments in SEK billions in current prices according to forecast in the May survey | Volume change between 2016 and forecast2017 according to the May survey | |
|---|---|---|---|---|
| Industry | 68.1* | 69.9 | 70 | 1 |
| Energy | 36.7* | 43.2 | 43.7 | 17 |
| Construction | 7.0 | 6.6 | 7.6 | 6 |
| Trade in goods | 14.9 | 13.5 | 14.5 | ‑5 |
| Transportation and storage | 20.9 | ** | 24.3 | 15 |
| Information and communication | 19.8 | 11.9 | 14.9 | ‑25 |
| Banks and insurance companies | 5.3 | 4.7 | 4 | ‑19 |
| Property management | 101.5 | ** | 105.7 | 3 |
| Business services | 11.4 | 10.4 | 13.7 | 19 |
*The outcome has been revised since publication in March. ** Property management is not included in the February survey. The transport industry is partly included, and the numbers are therefore not comparable.
Definitions and explanations
The population frame is collected from Statistics Sweden's Business Register database. All enterprises with at least 200 employees are included, while enterprises with between 20 and 199 employees are sampled. Enterprises in the industry sector with between 10 and 19 employees are taxed based on investment information from enterprises with between 20 and 49 employees. In some activities, enterprises with between 5 and 199 employees are sampled.
Volume is defined as the change in percentage between two years, calculated in 2008 monetary value.
In this survey, investment refers to the acquisition of tangible assets with an estimated life of at least one year, as well as reconstruction and improvement work that materially raises capacity, standards and life-length.
Next publishing will be
2017-11-26 at 09:30.
Statistical Database
More information is available in the Statistical Database
Feel free to use the facts from this statistical news but remember to state Source: Statistics Sweden.