Business Production Index, March 2017:
Low production development in business in March
Statistical news from Statistics Sweden 2017-05-10 9.30
Production in the business sector increased by 0.1 percent in seasonally adjusted figures in March compared with February. Compared with the corresponding month of the previous year, production in the business sector increased by 4.2 percent in calendar-adjusted figures.
The low increase in total monthly production was mainly driven by the service and industry sectors, which both had a monthly increase of 0.5 percent in seasonally adjusted figures. Production in construction decreased by 4.5 percent compared with the previous month.
In the three-month period from January to March 2017, production increased by 1.9 percent compared with the previous three-month period, October to December, in seasonally adjusted figures. Production in construction showed the strongest development, with an increase of 4.0 percent. Industrial production increased by 3.0 percent and the service sector increased by 1.3 percent.
In calendar-adjusted figures, production in the business sector increased by 4.2 percent in March compared with the corresponding month in the previous year. Construction had the strongest development, with an increase of 6.3 percent, while industrial production had the weakest development with an increase of 3.8 percent.
The figures for March are preliminary. Since the previous publication, the change in production in February compared with January has been revised upwards by 0.4 percentage points to a decrease of 0.3 percent. The annual change in production, February compared with the corresponding month of the previous year, has not been revised.
| 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 |
|---|---|---|---|---|---|---|
| Mar/ Feb[1] | Jan-Mar/ Oct-Dec[1] | Mar 2017/ Mar 2016[2] | 2017[3] | |||
|
B-S excl. K and O
|
Business activities excluding finance and insurance
|
0.1 | 1.9 | 4.2 | 5.0 | 100 |
|
B-D excl. 35.2-35.3
|
Mines and quarries, manufacturing industry and electricity supply
|
0.5 | 3.0 | 3.8 | 3.5 | 26.4 |
|
F
|
Construction sector
|
-4.5 | 4.0 | 6.3 | 9.5 | 8.4 |
|
E, G-S excl. K and O
|
Service sector including water supply and waste disposal excluding finance and insurance sector
|
0.5 | 1.3 | 4.1 | 5.0 | 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
2017-06-09 at 09:30.
Statistical Database
More information is available in the Statistical Database
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