FED'S BARKIN: LOOKING FOR MORE EVIDENCE OF INFLATION'S DECLINE

BARKIN: FED SHOULD ACT DELIBERATELY, KEEP CLOSE EYE ON ECONOMY

MNI BRIEF: China Equip't Renewal Policy Includes Foreign Firms

MNI China Daily Summary: Wednesday, July 17

MNI China Press Digest July 17:  Investment, LPR, H2 Priority

MNI: PBOC Net Injects CNY268 Bln Via OMO Wed; Rates Unchanged

US Treasury Auction Calendar

Broad-based Softening In June Underlying Inflation Metrics

EZ/UK Bond Supply Calendar: Spain, France Auction on Thursday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Insufficient Demand Drives Industrial Capacity Underutilisation In Q1

SWEDEN
Data BulletDataHomepageBulletMarketsFixed Income BulletsForeign Exchange Bullets

Swedish first quarter industrial capacity utilisation was 88.6% (vs 88.4% in Q4 ’23, 90.6% in Q1 ’23). The 2000-2019 average for this series is 88.4%.

  • Of those firms reporting less than 100% capacity utilisation, 60% assigned “insufficient demand” as the primary reason, up from 53% in Q1 ’23.
  • 22% of firms reported “production disruptions” as the primary reason for their underutilisation. Only 5% of firms assigned “lack of employees” as their main factor.
  • The Riksbank’s own measure of resource utilisation showed similar declines through 2023. In Q1, this indicator printed was -0.21 (i.e. indicating underutilisation).
  • From the March monetary policy report: “As GDP growth increases towards the end of 2024, resource utilisation is expected to gradually return to balance”.

126 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Swedish first quarter industrial capacity utilisation was 88.6% (vs 88.4% in Q4 ’23, 90.6% in Q1 ’23). The 2000-2019 average for this series is 88.4%.

  • Of those firms reporting less than 100% capacity utilisation, 60% assigned “insufficient demand” as the primary reason, up from 53% in Q1 ’23.
  • 22% of firms reported “production disruptions” as the primary reason for their underutilisation. Only 5% of firms assigned “lack of employees” as their main factor.
  • The Riksbank’s own measure of resource utilisation showed similar declines through 2023. In Q1, this indicator printed was -0.21 (i.e. indicating underutilisation).
  • From the March monetary policy report: “As GDP growth increases towards the end of 2024, resource utilisation is expected to gradually return to balance”.