Business Production Index, October 2016:
Decreased business production in October
Statistical news from Statistics Sweden 2016-12-08 9.30
Production in the business sector decreased by 0.4 percent in seasonally adjusted figures in October compared with September. Compared with the corresponding month of the previous year, production in the business sector increased by 2.8 percent in calendar adjusted figures.
Production for all sub-indices increased in September compared with the previous month. Industrial production showed the strongest development, with an increase of 7.6 percent in seasonally adjusted figures compared with August. Service production had the weakest development, with an increase of 0.5 percent.
Production was almost unchanged during the third quarter compared with the previous quarter, with a decrease of 0.1 percent in seasonally adjusted figures. Industry had the weakest quarterly development, which was dampened by an increase in production in construction, which in total gave a slight decrease in production.
In calendar adjusted figures, production in the business sector increased by 2.9 percent in September compared with the corresponding month in the previous year. Construction had the strongest development, with an increase of 6.1 percent, while industrial production had the weakest development with an increase of 1.5 percent.
The figures for September are preliminary. Since the previous publication, the change in production in August compared with July has been revised downwards by 0.7 percentage points to a decrease of 2.8 percent. The change in production in August compared with the corresponding month of the previous year has been revised downwards by 0.7 percentage points to an increase of 0.5 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 |
|---|---|---|---|---|---|---|
| Oct / Sep[1] | Aug-Oct/ May-Jul [1] | Oct 2016/ Oct 2015[2] | 2016[3] | |||
|
B-S excl. K and O
|
Business activities excluding finance and insurance
|
-0.4 | -0.2 | 2.8 | 4.1 | 100 |
|
B-D excl. 35.2-35.3
|
Mines and quarries, manufacturing industry and electricity supply
|
-2.9 | 0.5 | -2.1 | 1.3 | 26.9 |
|
F
|
Construction sector
|
2.3 | -2.4 | 10.0 | 13.0 | 8.9 |
|
E, G-S excl. K and O
|
Service sector including water supply and waste disposal excluding finance and insurance sector
|
0.1 | -0.1 | 3.8 | 4.1 | 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
2017-01-13 at 09:30.
Statistical Database
More information is available in the Statistical Database
Feel free to use the facts from this statistical news but remember to state Source: Statistics Sweden.