Recently, however, signs emerged that industrial investment might also be on the way back up in Sweden. Industrial investments in 2004 amounted to 51.7 billion kronor, and could increase to 57.5 billion kronor in 2005. Pulp and paper industry investments could rise by as much as 26% this year.
Pay expectations down
Consumers’ pay expectations have fallen sharply in January and February and many people now expect their own income growth to slow down. “Unusual”, is how Örjan Hultåker, the Skop poll’s analyst, describes the result of the survey carried out between 20 January and 8 February.
Lower earnings forecasts in industry
Signs are emerging of lower earnings growth in industry after the numerous pleasant surprises in the recent wave of year-end reports. Many firms are lowering their forecasts after last year’s record profits.
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