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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.
SWEDEN
The increase in industrial capacity utilisation in Q2 will not stand in the way of a series of Riksbank cuts through the remainder of this year. Although industrial capacity utilisation rose for a second consecutive quarter in Q2, the Riksbank’s broader resource utilisation indicator fell deeper into negative territory, highlighting that the Swedish economy remains underutilised.
- Q2 industrial capacity utilisation was estimated at 89.2% (vs 88.6% prior), thus remains above the 2000-2019 average of 88.4%.
- The share of businesses citing production disruptions as the reason for less-than full utilisation rose to 25.5%, from 21.6% last quarter.
- Meanwhile, the share of firms citing insufficient demand fell to 56.7% (vs 59.8% prior).
- However, the Riksbank’s resource utilisation indicator fell to -0.32 in Q2 (where 0 is the long-term average, and illustrative of “cyclical balance”) from -0.24 in Q1. This was the fourth consecutive quarter of decline.
- This indicator was referenced in the latest Monetary Policy Update, presented alongside the decision to cut rates by 25bps to 3.50% today.
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.
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