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Business Production Index, January 2017:

Business production increased in January

Statistical news from Statistics Sweden 2017-03-09 9.30

Production in the business sector increased by 0.9 percent in seasonally adjusted figures in January 2017compared with December 2016. Compared with the corresponding month of the previous year, production in the business sector increased by 5.3 percent in calendar adjusted figures.

The increase in total production was mainly driven by the industrial sector, which increased by 1.4 percent compared with previous month and in seasonally adjusted figures. Construction increased by 2.7 percent, but the sector accounts for only 8 percent of total business production. Service production increased by 0.5 percent.

In the three month period from November 2016 to January 2017, production increased by 2.3 percent compared with the previous three-month period, August to October, in seasonally adjusted figures. Production in construction showed the strongest development, with an increase of 4.9 percent.

In calendar adjusted figures, production in the business sector increased by 5.3 percent in January compared with the corresponding month in the previous year. Construction had the strongest development, with an increase of 10.0 percent, while industrial production had the weakest development with an increase of 0.9 percent.

The figures for January are preliminary. Since the previous publication, the change in production in December compared with November has been revised upwards by 0.3 percentage points to an increase of 1.2 percent. The change in production in December compared with the corresponding month of the previous year has been revised upwards by 0.2 percentage points to an increase of 3.6 percent.

Production volume 2000–2017, trend and seasonally adjusted series, index 2010=100
Business Production Index, January 2017

Percentage changes in production volume

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
    Jan / Dec[1] Nov-Jan / Aug-Oct [1] Jan 2017/ Jan 2016[2] 2017[3]  
B-S excl. K and O
Business activities excluding finance and insurance
0.9 2.3 5.3 5.3 100
B-D excl. 35.2-35.3
Mines and quarries, manufacturing industry and electricity supply
1.4 1.9 0.9 0.9 26.4
F
Construction sector
2.7 4.9 10.0 10.0 8.4
E, G-S excl. K and O
Service sector including water supply and waste disposal excluding finance and insurance sector
0.5 2.2 6.5 6.5 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

2017-04-10 at 09:30. 

Statistical Database

More information is available in the Statistical Database

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