Tech temperature: New indicator shows tech industry in standby mode 

Today TechSverige launches The Tech Temperature - a new indicator that provides an overall picture of the current economic situation in the tech industry. The first survey, based on data from the National Institute of Economic Research, shows several challenges. The industry is on hold - layoffs have increased by 31% in the past year, employment is declining and access to venture capital has fallen. 

- Global uncertainty is hitting the tech sector hard. Investments are slowing down, layoffs are increasing and employment is decreasing. At the same time, tech is one of the few stabilizing forces in the Swedish economy - and a crucial engine for future growth," says Christina Ramm-Ericson, Chief Economist at TechSverige. 

The economic situation is under pressure for many companies. Turnover in the tech industry developed at a varying pace in 2024. The reseller sector fell by just over six percent. Hardware manufacturers showed a slightly negative trend, and venture capital investments in young Swedish tech companies fell by almost 50 percent. At the same time, corporate lending has fallen for thirteen months in a row - something that risks hitting future growth and innovation. 

Rapid shifts in trade and security policies are creating further uncertainty. Stock markets have been turbulent in early 2025, partly due to new tariffs dampening growth and risk appetite. This is particularly affecting the tech sector, where investors have become more cautious and expectations are being revised downwards. 

At the same time, there are some bright spots. After a period of high inflation and rising interest rates, there are signs of recovery. But the road back is long, and several challenges remain before the recession is behind us. Global uncertainty continues to set the pace. 

- As the collective bargaining process enters its final stage, the economic situation must be taken very seriously. To secure jobs, investments and competitiveness in Sweden," says Christina Ramm-Ericson.