Production Value Index, September 2017:
Increased private sector production in September
Statistical news from Statistics Sweden 2017-11-06 9.30
Production in the private sector increased by 5.2 percent in September compared to the same month of the previous year, in calendar adjusted figures. Compared to August 2017, in seasonally adjusted figures, the production increased by 0.5 percent. During the third quarter 2017, compared to the same quarter of the previous year, private sector production increased by 6.2 percent.
Production value increased in industry
Production in industry increased by 5.1 percent in calendar adjusted figures during the third quarter 2017, compared to the same quarter of the previous year. Compared to September 2016, production in industry increased by 3,6 percent in September 2017, in calendar adjusted figures. The industry sub-sector that contributed the most to the increase in total private sector production was the industry for motor vehicles. The sub-sector increased by 25.0 percent in fixed prices and contributed with 0.8 percentage points to the increase in total private sector production. The industry for motor vehicles has had a positive yearly development for the last 11 months, in calendar adjusted figures.
Production value increased in services
Production in the service sector increased by 5.7 percent in calendar adjusted figures during the third quarter 2017, compared to the same quarter of the previous year. Compared to September 2016, production in the service sector increased by 5.9 percent in September 2017, in calendar adjusted figures. The services sub-sector that gave the largest contribution to the increase in total private sector production was information and communication. The sub-sector increased by 10.0 percent in fixed prices compared to the same month of the previous year and contributed 0.9 to the change in private sector production. Information and communications have, like the industry for motor vehicles mentioned previously, increased on an annual basis for the last 11 months.
Production value increased in construction
Production in the construction sector increased by 12.4 percent in calendar adjusted figures during the third quarter 2017, compared to the same quarter of the previous year. Compared to the same month of the previous year, the production in the construction sector increased by 5.9 percent in calendar adjusted figures. Construction contributed with 0.4 percent to the change in total private sector production.
Revisions
The figures for September are preliminary. When Production Value Index is published for a new reference month, the data for the preceding quarter are also revised. The main reasons for such revisions are late answers and revised data from respondents. The calendar adjusted, seasonally adjusted and trend series are always revised from January 2010 up to the current reference period. In conjunction with this publication, the historical figures from 2010 to 2014 have also been revised.
Contributions to change in PVI, percentage units
Percentage change compared to the same period previous year
| NACE 2007 | Sector | May[1] | June[1] | July[2] | August[2] | September[3] | July-September[4] | Weight[5] |
|---|---|---|---|---|---|---|---|---|
| B-S (ex. K, O) | Private sector, total (excluding financial and insurance services) | 108.9 | 114.5 | 94.2 | 100.4 | 114.9 | 103.2 | 100.0 |
| Annual change, percent | 5.8 | 4.9 | 6.1 | 7.4 | 5.2 | 6.2 | ||
| (Previous publication) | ||||||||
| B+C | Industry | 109.3 | 119.5 | 86.9 | 93.7 | 119.4 | 100.0 | 22.5 |
| Annual change, percent | 7.7 | 7.6 | 4.3 | 7.7 | 3.6 | 5.1 | ||
| (Previous publication) | ||||||||
| F | Construction | 125.3 | 128.8 | 108.2 | 104.6 | 124.2 | 112.3 | 8.5 |
| Annual change, percent | 15.7 | 17.5 | 17.5 | 15.6 | 5.9 | 12.4 | ||
| (Previous publication) | ||||||||
| G-S (ex. K, O) | Services (excluding financial and insurance services) | 107.9 | 112.4 | 95.1 | 103.0 | 113.9 | 104.0 | 65.9 |
| Annual change, percent | 2.8 | 2.5 | 4.9 | 6.4 | 5.9 | 5.7 | ||
| (Previous publication) |
1) Not subject to revision due to new survey data, but may be revised due to reallocation of quarterly register data. 2) Subject to revision due to new survey data. 3) Current period. 4) Average index for the indicated period, percentage change compared to the corresponding period in the previous year. 5) Share of 2016 value added.
Percentage change compared to the previous period
| NACE 2007 | Sector | May[1] | June[1] | July[2] | August[2] | September[3] | July-September[4] | Weight[5] |
|---|---|---|---|---|---|---|---|---|
| B-S (ex. K, O) | Private sector, total (excluding financial and insurance services) | 108.9 | 109.0 | 110.1 | 109.8 | 110.4 | 110.1 | 1.0 |
| Monthly change, percent | 1.1 | 0.1 | 1.0 | ‑0.3 | 0.5 | 1.4 | ||
| (Previous publication) |
1) Not subject to revision due to new survey data, but may be revised due to reallocation of quarterly register data. 2) Subject to revision due to new survey data. 3) Current period. 4) Average index for the indicated period, percentage change compared to the preceding three-month period. 5) Share of 2016 value added.
Definitions and explanations
Production Value Index (PVI) describes the developments of private sector production of goods and services each month. It is a development of the older Business Production Index, and will replace this index from the publication in November 2017, reference period September 2017. The advantage of the new index compared to previous production indices are that it measures all production in the private sector as opposed to measuring goods production in industry and services production in the service sector, and that the results are published slightly earlier each month.
Production value is a measure used to calculate the GDP, and is made up of net turnover from industry and service production, as well as trade margin (revenue from sales minus costs of retail goods).
This statistical news item replaces the previous statistical news for Industry Production Index, Index of Service Production and Business Production Index.
Next publishing will be
2017-12-05, at 9:30.
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.