Index of Service Production, February 2017:
Service production decreased in February
Statistical news from Statistics Sweden 2017-04-05 9.30
Service production decreased by 0.7 percent in February compared with January in seasonally adjusted figures. Service production increased by 5.3 percent in volume and working day adjusted figures in February 2017 compared with the same month of the previous year.
Production decreased in February for a majority of the subsectors, compared with January in seasonally adjusted figures. One subsector with a decline in production was the professional, scientific and technical activities, which decreased by 3.2 percent in February compared with January in seasonally adjusted figures. At the same time, when the subsector production was compared with the same month in 2016, production in February increased by 8.1 percent in working day adjusted figures.
In the last three-month period, December 2016–February 2017, service production increased by 2.1 percent compared with the three-month period, September–November 2016, in seasonally adjusted figures.
The figures for February are preliminary. Since the previous publication, the change in service production in January 2017 compared with December 2016 has been revised upwards by 0.3 percentage points to an increase of 0.9 percent. The change in production in January 2017 compared with the corresponding month the previous year has been revised upwards by 0.1 percentage points to an increase of 6.8 percent.
It is relevant to analyse the seasonal and calendar adjustments for a better understanding of the statistics.
| Activity | Monthly development seasonally adjusted | Three months development seasonally adjusted | Volume and working day adjusted | Weight | |
|---|---|---|---|---|---|
| Feb/Jan | Dec-Feb/ Sep-Nov | Feb* | 2017 ** | ||
|
Total service production (45-63; 68-96)
|
-0.7 | 2.1 | 5.3 | 6.1 | 1.00 |
|
Total service production excl.
real estate activities (45-63; 69-96) |
-0.8 | 2.0 | 4.4 | 5.4 | 0.82 |
|
Wholesale and retail trade (45-47)
|
-1.1 | 1.1 | -0.3 | 1.1 | 0.23 |
|
Wholesale and retail and repair of motor vehicles and motorcycles (45)
|
-4.1 | 5.6 | 4.5 | 8.4 | 0.04 |
|
Wholesale trade, except of motor vehicles and motorcycles (46)
|
-1.6 | 1.0 | -2.7 | -1.3 | 0.12 |
|
Retail trade, except of motor vehicles and motorcycles (47)
|
0.5 | -0.1 | 1.7 | 1.5 | 0.08 |
|
Transportation and storage (49-53)
|
-1.1 | 1.8 | 0.1 | 1.4 | 0.09 |
|
Hotel and restaurant (55-56)
|
1.0 | 1.1 | 3.6 | 3.7 | 0.04 |
|
IT, real-estate businesses (58-75)
|
-0.7 | 2.9 | 8.9 | 8.6 | 0.44 |
|
Information and communication (58-63)
|
-0.2 | 2.0 | 9.4 | 7.9 | 0.13 |
|
Telecommunications (61)
|
0.4 | 0.4 | 10.6 | 10.6 | 0.03 |
|
Computer programming etc (62)
|
2.0 | 4.3 | 8.7 | 6.4 | 0.07 |
|
Real estate activities (68)
|
-2.6 | 1.3 | 8.9 | 7.9 | 0.18 |
|
Professional, scientific and technical activities (69-75)
|
-3.2 | 4.7 | 8.1 | 10.0 | 0.13 |
|
Administrative and support service (77-82)
|
0.0 | 2.9 | 8.0 | 8.1 | 0.08 |
|
Education (85)
|
-1.7 | 2.2 | 8.9 | 11.1 | 0.02 |
|
Human health and social work (86-88)
|
-1.8 | 0.4 | 5.0 | 6.9 | 0.06 |
|
Art, entertainment and recreation (90-96)
|
-6.1 | 2.1 | 4.1 | 8.7 | 0.03 |
* All figures compared to the same period last year. ** The Period from January to the current month compared to the same period last year.
Definitions and explanations
Changes in this publication
Some methodological changes have been introduced in connection with publication of the Index of Service Production for April 2015. These changes are intended to improve the quality of the statistics as well as to coordinate the monthly and quarterly economic statistics. These statistics include the Industrial Production Index, Orders and Turnover in Industry, Industrial Inventories and Industrial Capacity Utilisation together with the Index of Service Production, the Retail Trade Index, the Restaurant Index and Inventories in Trade and Services.
The time series have been calculated back to 2000 in order to decrease possible level shifts and breaks in the time series that have resulted in revisions in some historical series. The annual sample change was carried out in connection with the April publication.
Revisions
When the Index of Service Production for a new month is published, the indices for previous months are also revised. The material is normally revised between two to four months retroactively, depending on which month in the quarter is the reference month. The whole previous quarter is revised when publishing the first and second months of a quarter. Calendar adjusted figures, seasonally adjusted figures and trend figures are revised from January 2000 onwards.
Next publishing will be
2017-05-05 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.