Business Production Index, December 2016:
Business production increased in December
Statistical news from Statistics Sweden 2017-02-08 9.30
Production in the business sector increased by 0.9 percent in seasonally adjusted figures in December compared with November. Compared with the corresponding month of the previous year, production in the business sector increased by 3.4 percent in calendar adjusted figures.
The increase in total production was mainly driven by the service sector, with an increase of 1.2 percent, compared with previous month and in seasonally adjusted figures. Construction increased by 4.6 percent but the sector accounts for only 9 percent of total business production. Industrial production decreased by 1.2 percent.
In the fourth quarter of 2016, production increased by 0.8 percent compared with the previous quarter in seasonally adjusted figures. Production in the construction sector showed the strongest development; however, as it comprises only 9 percent of the entire business sector, it contributed as much to the development as the industrial and service sectors.
In calendar adjusted figures, production in the business sector increased by 3.4 percent in December compared with the corresponding month last year. Construction had the strongest development, with an increase of 11.3 percent, while industrial production had the weakest development with a decrease of 0.8 percent.
The figures for December are preliminary. Since the previous publication, the change in production in November compared with October has been revised upwards by 0.1 percentage points to an increase of 0.5 percent. The change in production in November compared with the corresponding month of the previous year, has not been revised and remains at an increase of 2.8 percent.
| Nace rev.2 | Business/Business group | Monthly develop-ment | Three month develop-ment | Yearly develop-ment | Accumul-ated yearly develop-ment | Share of value added 2015 |
|---|---|---|---|---|---|---|
| Dec / Nov[1] | Oct-Dec / Jul-Sep [1] | Dec 2016/ Dec 2015[2] | 2016[3] | |||
|
B-S excl. K and O
|
Business activities excluding finance and insurance
|
0.9 | 0.8 | 3.4 | 3.9 | 100 |
|
B-D excl. 35.2-35.3
|
Mines and quarries, manufacturing industry and electricity supply
|
-1.2 | 0.9 | -0.8 | 1.0 | 26.9 |
|
F
|
Construction sector
|
4.6 | 2.9 | 11.3 | 12.0 | 8.9 |
|
E, G-S excl. K and O
|
Service sector including water supply and waste disposal excluding finance and insurance sector
|
1.2 | 0.5 | 4.1 | 3.9 | 64.2 |
1) Working day and seasonally adjusted figures. 2) Working day adjusted figures. 3) Working day adjusted figures. The period from January to the current month compared to the same period previous year.
Definitions and explanations
From December 2012, Statistics Sweden produces monthly statistics on production in the business sector. The statistics are compiled based on requests from users. They are an important indicator of the business cycle, as business production accounts for approximately 70 percent of the gross domestic product (GDP). These statistics should be seen as experimental until further notice.
Revisions
When the Business Production Index for a new month is published, the index for previous months is also revised. This is mainly due to new and revised information that has been received. Working day adjusted figures, seasonally adjusted figures and trend figures are always revised from January 2000 onwards.
Next publishing will be
2017-03-08 at 09:30.
Statistical Database
More information is available in the Statistical Database
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