Swedish Industry Sees Falling Investment as Exports Struggle
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Sweden’s industry will reduce investments by 10 percent this year as the European sovereign-debt crisis curbs demand for products from the export-reliant Nordic economy, Statistics Sweden said.
Industry in the $500 billion economy plans to reduce spending to 53.7 billion kronor ($8.12 billion) from 56.9 billion kronor last year, according to a survey of about 8,000 companies published today. The Stockholm-based statistics office uses the survey to estimate investment volume as the actual numbers differ from company forecasts in a “somewhat systematic way,” it said in a statement.