Investment Survey, May 2018
Industry lifts the 2018 forecast
Statistical news from Statistics Sweden 2018-05-25 9.30
Industrial enterprises show a forecast on investments of SEK 72.1 billion (in current prices) for the full year 2018, which means no significant difference from the 2017 outcome. In the May survey, industrial enterprises’ forecast for 2018 was SEK 2.0 billion more than the forecast for 2018 in the February survey.
The mining industry revised its forecast for 2018 upwards by about SEK 706 million (current prices) compared with Statistics Sweden’s February survey. The increase in volume amounted to 16 percent according to the May survey forecast.
The manufacturing industry’s forecast for 2018 is an upwards revision of about SEK 1.4 billion (in current prices) compared with the forecast in the February survey. The motor vehicle industry revised its forecast upwards by about SEK 1.3 billion (in current prices) compared with the February survey. The pulp industry revised its forecast upwards by about SEK 500 million (in current prices).
The construction industry decreases investments in 2018
The construction industry revised its forecast for 2018 upwards by about SEK 1 billion. In 2017, the construction industry invested about SEK 9 billion, while the forecast for 2018 is SEK 7.8 billion, which is a decrease of 13 percent (in current prices). The forecast indicates a volume decrease of 15 percent for 2018.
Investments in SEK billions in current prices 2017 | Current prices in billions according to forecast 2018 in the February survey 2017 | Current prices in billions according to forecast 2018 in the May survey 2018 | Volume change between 2017 and forecast 2018 according to the May survey | |
---|---|---|---|---|
Industry (B+C) | 72.3 | 70 | 72.1 | ‑2 |
Energy | 38.5 | 44.9 | 44.8 | 14 |
Construction | 9 | 6.8 | 7.8 | ‑15 |
Trade in goods | 17.3 | 14.4 | 13.5 | ‑23 |
Transportation and storage | 23.7 | 25 | 23.8 | ‑6 |
Information and communication | 16 | 12.5 | 15.6 | ‑6 |
Banks and insurance companies | 3.8 | 3 | 3.2 | ‑17 |
Property management | 114.3 | * | 115.5 | 0 |
Business services | 14.6 | 13.7 | 12.5 | ‑14 |
* Property management is not included in the February survey.
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. In some activities, enterprises with between 5 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 this survey, investment refers to the acquisition of tangible assets with an estimated life of at least one year, and also reconstruction and improvement work that materially raises capacity, standards and life-length. Investments are divided into buildings and machinery. Expected investments refer to concrete investment plans and the renewal of machinery and such not covered by current investment plans but which from experience can be expected to take place.
Information in the Investment Survey differs from the information in the National Accounts, as the national accounts include more sectors and use a broader definition of investment that includes purchased and proprietary software, financial leasing of capital items distributed by the utilising industry.
From the May 2009 publication, investment information is reported in accordance with the new Swedish classification of economic activity (SNI 2007). The transition to the new classification of economic activity means that earlier study domains are not completely comparable with today's publication. For more information, see SNI 2007.
Next publishing will be
The next statistical news in this series will concern the October survey and will be published on 2018-11-30 at 09:30.
Statistical Database
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