Investment Survey, third quarter 2019
Business sector invested SEK 80.1 billion in the third quarter of 2019
Statistical news from Statistics Sweden 2019-11-29 9.30
The real estate sector accounted for the largest percentage of total investments, at 43 percent, and the industrial sector accounted for 18 percent of investments.
In the second quarter, enterprises invested most in the machinery and equipment class of assets. These investments accounted for SEK 46.2 billion of total investments in the quarter, which corresponds to 50 percent. Construction, extensions and rebuilding of existing buildings accounted for 29 percent and housing accounted for 15 percent. Purchases of buildings and plants accounted for SEK 5.6 billion of the investments in the second quarter, which corresponds to 6 percent.
Investment survey gets new design in 2019
The investment survey was revised in various ways between 2018 and 2019. The questionnaire was redesigned to better align with accounting principles in enterprises; references to BAS accounts were added and the investment concept was adapted. Following this change, ‘investments’ refers to the acquisition of tangible assets with an economic life of at least three years, compared to the former definition, which included investments in assets with an economic life of at least one year. Expenditure on repair and maintenance and new leasing contracts have been removed from the questionnaire; forecasts are now only requested on a yearly basis, rather than per quarter. In future, results from the investment survey will be published four times a year, rather than three times a year. These changes may lead to some breaks in the time series.
The real estate sector invested the most in the third quarter of 2019, investing SEK 34.4 billion in total. New construction, extensions and rebuilding of existing buildings accounted for SEK 14.8 billion of the investments, and housing accounted for SEK 12.8 billion.
The industrial sector invested SEK 14.8 billion, of which machinery and equipment accounted for SEK 11.9 billion. Electricity, gas and heating plants, water and wastewater plants and waste facilities invested SEK 12 billion, which corresponds to 15 percent of total investments in the third quarter.
Machinery and equipment is the largest asset class
In the third quarter, enterprises invested most in the machinery and equipment class of assets. These investments accounted for 49 percent of the investments in the quarter, SEK 39.2 billion in total. Construction, extensions and rebuilding of existing buildings accounted for 26 percent and housing accounted for 16 percent. Purchases of buildings and plants accounted for 8 percent of the investments in the third quarter, SEK 6.8 billion in total.
Planned investments for the manufacturing industry
Based on the October Investment survey, planned investments in 2019 are expected to amount to SEK 60.3 billion (in current prices) in the manufacturing industry.
In 2020, planned investments in the manufacturing industry are expected to decline compared with 2019, and are expected to amount to SEK 52.8 billion.
Investment survey gets new design in 2019
The investment survey was revised in various ways between 2018 and 2019. The questionnaire was redesigned to better align with accounting principles in enterprises; references to BAS accounts were added and the investment concept was adapted. Following this change, ‘investments’ refers to the acquisition of tangible assets with an economic life of at least three years, which can be compared to the previous definition that included investments in assets with an economic life of at least one year.
Expenditure on repair and maintenance and new leasing contracts have been removed from the questionnaire; forecasts are now only requested on a yearly basis, rather than per quarter. In future, results from the Investment survey will be published four times a year, rather than three times a year. These changes may lead to some breaks in the time series.
Definitions and explanations
All data in this item of statistical news is reported in current prices.
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 industrial sector with between 10 and 19 employees are estimated based on investment information from enterprises with between 20 and 49 employees. In some activities, enterprises with between 5 and 199 employees are sampled.
The survey comprises the industries under industry codes B–G, SNI 49 (excl. 49.32), 51–53, 58, 61–63, 64.1, 65, 68 (excl. 68.204), 71–75 and 77–82 according to Swedish Standard Industrial Classification SNI2007 (which corresponds to NACE Rev.2).
Next publishing will be
The next statistical news in this series will concern the second quarter and will be published on 2020-02-28 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.