Business Production Index, February 2017:
Business production decreased in February
Statistical news from Statistics Sweden 2017-04-10 9.30
Production in the business sector decreased by 0.7 percent in seasonally adjusted figures in February compared with January. Compared with the corresponding month of the previous year, production in the business sector increased by 5.2 percent in calendar adjusted figures.
The decrease in total production was mainly driven by the service sector, which decreased by 0.8 percent compared with previous month and in seasonally adjusted figures. Construction decreased by 1.7 percent, but the sector accounts for only 8 percent of total business production. Industrial production increased by 0.1 percent.
In the three month period from December 2016 to February 2017, production increased by 2.2 percent compared with the previous three-month period, September to November, in seasonally adjusted figures. Production in construction showed the strongest development, with an increase of 6.8 percent.
Construction showed strongest growth compared with February 2016
In calendar adjusted figures, production in the business sector increased by 5.2 percent in February compared with the corresponding month in the previous year. Construction had the strongest development, with an increase of 13.3 percent, while industrial production had the weakest development with an increase of 3.3 percent.
The figures for February are preliminary. Since the previous publication, the change in production in January compared with December has been revised upwards by 0.7 percentage points to an increase of 1.6 percent. The change in production in January compared with the corresponding month of the previous year has been revised upwards by 1 percentage points to an increase of 6.3 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 2016 |
|---|---|---|---|---|---|---|
| Feb / Jan[1] | Dec-Feb / Sep-Nov[1] | Feb 2017/ Feb 2016[2] | 2017[3] | |||
|
B-S excl. K and O
|
Business activities excluding finance and insurance
|
-0.7 | 2.2 | 5.2 | 5.7 | 100 |
|
B-D excl. 35.2-35.3
|
Mines and quarries, manufacturing industry and electricity supply
|
0.1 | 1.2 | 3.3 | 3.3 | 26.4 |
|
F
|
Construction sector
|
-1.7 | 6.8 | 13.3 | 13.1 | 8.4 |
|
E, G-S excl. K and O
|
Service sector including water supply and waste disposal excluding finance and insurance sector
|
-0.8 | 2.1 | 5.0 | 5.8 | 65.2 |
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 with the same period in the 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
hen 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
2017-05-10 at 09:30.
Statistical Database
More information is available in the Statistical Database
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