Bloomberg said Swedish industry will curb investments this year as the export-reliant economy struggles with flagging foreign demand, a survey indicated.

Last year Swedish industry invested 56.9 billion kronor, resulting in an increase in investment volumes by 10 percent, Statistics Sweden said. During 2013, investment volumes are expected to decrease slightly and Swedish industry plans to invest 56.2 billion kronor.

“Investment plans for this year indicate a decreased investment volume” in the mining industry which last year recorded the largest increase of 69 percent, the statistics office wrote in a statement, Bloomberg said.