Industrial capacity utilisation, third quarter 2024
Decreased capacity utilisation in industry
Statistical news from Statistics Sweden 2024-11-21 8.00
Capacity utilisation in industry decreased by 0.9 percentage points in the third quarter of 2024 compared with the second quarter of 2024 in seasonally adjusted figures.
The decrease in capacity utilisation in industry in the third quarter led to an decrease in the level of utilisation, which amounted to 87.5 percent in seasonally adjusted figures.
On an annual basis, capacity utilisation decreased by 2.5 percentage points compared with the third quarter of 2023 and amounted to 87.4 percent in calendar adjusted figures.
The figures for the third quarter of 2024 are preliminary. Since the previous publication capacity utilisation in the second quarter of 2024 compared with the first quarter of 2024 has been revised downwards by 0.9 percentage points with the utilisation rate 88.4 percent, in seasonally adjusted figures.
Capacity utilisation in the second quarter of 2024 compared with the corresponding quarter a year ago has been revised upwards by 0.5 percentage points to a utilisation rate of 88.9 percent in calendar adjusted figures.
1) Calendar and seasonally adjusted figures 2) Calendar adjusted figures
Reasons for Lower Capacity Utilisation
When businesses have a capacity utilisation rate of less than 100 percent, they must specify a primary reason for the lower capacity utilisation. The response options are fixed, and only one option can be selected. The shares of responses for each reason are distributed according to the diagram below. The responses are unweighted, unlike the capacity utilisation, which is weighted by industrial turnover.
| Reason for lower capacity utilization | Shares | |||||||
|---|---|---|---|---|---|---|---|---|
| 2023 | 2024 | Q3 2024-Q2 2024 | Q3 2024-Q3 2023 | |||||
| Q3 | Q4 | Q1 | Q2 | Q3 | ||||
| Lack of employees | 5.7 | 4.6 | 4.7 | 5.5 | 4.6 | ‑0.9 | ‑1.1 | |
| Shortage of input materials | 4.1 | 2.8 | 3.0 | 2.6 | 3.9 | 1.3 | ‑0.2 | |
| Insufficient demand | 56.8 | 60.9 | 59.5 | 56.9 | 55.9 | ‑1.0 | ‑0.9 | |
| Production disruptions | 23.5 | 20.3 | 22.3 | 24.4 | 23.5 | ‑0.9 | 0.0 | |
| Other | 9.8 | 11.4 | 10.6 | 10.6 | 12.1 | 1.5 | 2.3 | |
The reasons that experienced the largest increase in shares compared to the previous quarter was shortage of input materials, which rose from 2.6 percent to 3.9 percent, and other which rose from 10.6 percent to 12.1 percent. The reason that primarily had the largest decrease in shares compared to the previous quarter was insufficient demand which decreased from 56.9 percent to 55.9 percent.
Statistics on reasons for lower capacity utilisation are available in the statistical database with a time period stretching back to the first quarter of 1998. The purpose of the statistics is to better explain changes in capacity utilisation. Please note that this part of the statistics is under development and may change.
Other information
Outdated tables
The table "Industrial capacity utilisation, actual utilisation by industrial classification SNI2007 (aggregates). Quarter 1990K1 - 2023K1" is no longer updated as of 2023-08-18. The reason for this is a reduced sample as a result of the increased use of VAT data for industry turnover. Consequently, since then, the industry's capacity utilisation has only been presented for the total industrial sector (B+C).
Revisions
When publishing the reference quarter 3 2024, changes are implemented that aim to increase the quality of the statistics. The changes involve revisions, in most cases small, from quarter 2 2018 to quarter 2 2024.
When capacity utilisation for a new quarter is published, the percentages for the previous quarter are also revised. Normally, the figures for the previous quarter are revised mainly due to new and revised information.
Next publishing will be
2025-02-20 at 08:00.
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.