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Investment Survey, October 2016. Corrected 2016-11-28:

Industry investments expected to decrease

Statistical news from Statistics Sweden 2016-11-24 9.30

According to Statistics Sweden's latest investment survey, investment in the industrial sector is expected to decrease by 3 percent in 2016. Industrial enterprises report a modest forecast for 2017, in which investments are expected to decline by 7 percent.

Overall, the manufacturing industry will increase investments by approximately 2 percent. The mining industry will decrease investments by approximately 36 percent, which will contribute to the overall decline in the total industry sector.

The pulp industry will increase its investment volumes by about 20 percent and will invest about SEK 12 billion. The timber industry is also expected to increase by 25 percent and to invest about SEK 2.7 billion. The motor vehicle industry is expected to increase its investments by SEK 2 billion, or 16 percent. The food industry is expected to reduce investments by SEK 3.3 billion, which will give a decrease in volume of -27 percent.

Initially, investments in 2017 are expected to decline for most industrial sectors. However, the mining industry is expected to remain at the same level as in 2016. The timber industry is expected to increase investments by3percent.

Industry investments 2002–2017

Outcome 2002–2015, plans for 2016–2017. SEK billions, 2008 prices

Chart

Varying volume changes expected in the energy sector

Total investments in the energy sector are expected to decline by 7 percent in 2016 and are expected to remain unchanged in 2017. Enterprises operating in the electricity, gas and heating sector are expected to decrease investments in 2016 by SEK 30.4 billion, which will result in a 12 percent volume decrease. In 2017, further reductions by 5 percent are expected. In the water collection, treatment and supply sector, an increase of 29 percent is expected and forecasts for next year point to a volume increase of 23 percent.

Expected volume decreases in many service sectors

This year's investments increased by about 5 percent among transport and storage enterprises and next year investments are expected to decrease by 2 percent in the sector.

Enterprises operating in trade in goods are expected to increase investment volumes by 11 percent this year. In 2017, volumes are expected to decrease by 23 percent.

This year's investments by the information and communication sector increases the volumes with 1 percent. In 2017, volumes are expected to decrease by 38 percent.

Enterprises operating in business services are expected to decrease investments by 18 percent in 2016. Next year, a continued downturn of 14 percent is expected in the sector.

Enterprises in property management are expected to invest unchanged 2016 and 2017.

Total investments 2016 and change in percent 2016/2015
 Investments
in SEK
billions
in current
prices 2016
Volume change according to
enterprises'
forecasts
Industry 64 ‑3
Energy 36 ‑7
Construction 6.7 ‑6
Trade in goods 15.8 11
Transportation and storage 19.6 5
Information and communication 15.7 1
Banks and insurance companies 9.7 49
Property management 95.9 0
Business services 9.8 ‑18

Total investments 2017 and change in percent 2017/2016
 Investments
in SEK
billions in current
prices 2017
Volume change
according to
enterprises'
forecasts
Industry 59.5 ‑7
Energy 36.6 0
Construction 6.4 ‑7
Trade in goods 12.3 ‑23
Transportation and storage 19.5 ‑2
Information and communication 9.7 ‑38
Banks and insurance companies 8.2 ‑14
Property management 96.7 1
Business services 8.4 ‑14

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.

The term "investments" in this survey 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.

"Volume" is used to show the change in percent between two years, calculated in the 2008 monetary value and includes, in most cases, assessments (upward or downward adjustments) of enterprises' submitted forecasts. Past experience shows that enterprises' planned investments differ from implemented investments in a partially systematic way.

Information in the Investment Survey differs from the information in the National Accounts, as the national accounts includes more sectors and uses a broader definition of investment that includes purchased and proprietary software, financial leasing of capital items distributed by the utilising industry. National Accounts also supplements information in the Investment Survey with estimates for small enterprises not examined in the survey.

From the May 2009 publication onwards, 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.

Next publishing will be

2017-03-10 at 09:30.

Statistical Database

More information is available in the Statistical Database

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