Production value index, May 2025
Private sector production nearly unchanged in May 2025
Statistical news from Statistics Sweden 2025-07-10 8.00
Private sector production decreased by 0.1 percent in May 2025 compared with April 2025 in seasonally adjusted figures, and increased by 2.0 percent compared with May 2024 in calendar adjusted figures.
Production value in industry increased
Production in the industry sector increased by 0.6 percent in May compared with April, measured in seasonally adjusted figures. Compared with the corresponding month last year, production increased by 5.0 percent, measured in working day adjusted figures. The industry for paper and paper products was the industry with the largest positive monthly development among the largest manufacturing industries, with an increase of 4.1 percent. Compared with May 2024, production in the same industry decreased by 2.3 percent. Of the largest manufacturing industries, the industry for fabricated metal products showed the largest negative monthly development with a decrease of 5.6 percent. Compared with May 2024, production in the industry increased by 1.1 percent.
Production value in services decreased
Production in the services sector decreased by 0.5 percent in May compared with April, measured in seasonally adjusted figures. Compared with May 2024, production increased by 1.2 percent, measured in working day adjusted figures. Hotels and restaurants was the industry with the largest positive development compared to April among the largest service industries, with an increase of 5.5 percent. Compared with May 2024, production in the same industry increased by 3.3 percent. Of the largest service industries, wholesale and retail trade; repair of motor vehicles and motorcycles showed the largest negative monthly development, with a decrease of 2.8 percent. Compared with the same month previous year, production in the industry increased by 2.5 percent.
Production value in construction decreased
Production in the construction sector decreased by 0.9 percent in May compared with April, measured in seasonally adjusted figures. Compared with May 2024, production increased by 0.3 percent. The construction sector accounts for 9.1 percent of total value added in the private sector.
Remarks
In addition to the industry, services and construction sectors, industries D (electricity, gas, steam and hot water plants) and E (waterworks; sewage plants; waste-disposal plants) also impact private sector production. The development for these industries can be seen in the table further down the page. Please note that data series are seasonally and calender adjusted individually. Contributions and development for these industries can be seen in the table and diagram further down the page. This means that a seasonally or calender adjusted figure for an aggregate may differ from a weighted mean of the corresponding figures for included sectors.
Revisions
When the Production Value Index is published for a new month, the indices for the two previous months are also revised, if new information has been added. Administrative data from the Swedish Tax Agency is used quarterly to increase the number of companies that are examined. This means that definitive quarterly statistics are based on a calculation on all the companies in the population. Administrative data is used every quarter to improve the quality of the Production Value Index and reduce the response burden. Normally, the material is revised between two and four months backwards, depending on when in the quarter the reference month falls. In connection with the publication of the first and second months in a quarter, the entire previous quarter is revised. The series, corrected for calendar and seasonal effects and trend estimates, is always revised from January 2010 and forward. Information regarding major revisions will be published in the Statistical Database.
| NACE 2007 | Sector | December[1] | January[2] | February[2] | March[3] | April[3] | May[4] | April-May[5] | Weight[6] |
|---|---|---|---|---|---|---|---|---|---|
| B-S (ex. K, O) | Private sector, total (excluding financial and insurance services) | 117.9 | 96.6 | 97.3 | 109.3 | 103.7 | 104.4 | 104.1 | 100.0 |
| Annual change, percent | 3.0 | 0.8 | 0.0 | ‑1.3 | 2.8 | 2.0 | 2.4 | ||
| (Previous publication) | 3.0 | 0.8 | 0.0 | ‑1.5 | 3.4 | ||||
| B+C | Industry | 114.6 | 96.4 | 99.1 | 115.3 | 105.4 | 106.5 | 106.0 | 22.2 |
| Annual change, percent | 11.6 | ‑1.7 | ‑0.7 | ‑3.0 | 5.3 | 5.0 | 5.2 | ||
| (Previous publication) | 11.6 | ‑1.7 | ‑0.7 | ‑3.4 | 5.0 | ||||
| D | Electricity, gas, steam and hot water | 116.8 | 119.7 | 110.4 | 112.6 | 96.2 | 86.2 | 91.2 | 2.7 |
| Annual change, percent | ‑0.3 | ‑5.0 | ‑3.5 | ‑0.5 | ‑0.9 | ‑3.4 | ‑2.1 | ||
| (Previous publication) | ‑0.3 | ‑5.0 | ‑3.5 | ‑0.5 | ‑0.9 | ||||
| E | Waterworks, sewage and waste disposal | 122.5 | 98.8 | 93.6 | 117.3 | 102.1 | 104.8 | 103.5 | 1.0 |
| Annual change, percent | ‑0.3 | 4.0 | ‑1.9 | 4.8 | 0.5 | 6.4 | 3.4 | ||
| (Previous publication) | ‑0.3 | 4.0 | ‑1.9 | 4.8 | 0.6 | ||||
| F | Construction | 114.5 | 65.5 | 76.2 | 86.3 | 87.5 | 90.1 | 88.8 | 9.1 |
| Annual change, percent | 1.6 | ‑4.5 | ‑0.7 | 3.1 | 1.0 | 0.3 | 0.7 | ||
| (Previous publication) | 1.5 | ‑4.7 | ‑0.9 | 2.7 | 1.0 | ||||
| G-S (ex. K, O) | Services (excluding financial and insurance services) | 119.3 | 100.6 | 99.4 | 110.6 | 106.0 | 106.7 | 106.4 | 65.1 |
| Annual change, percent | 1.1 | 3.3 | 0.7 | ‑1.2 | 2.4 | 1.2 | 1.8 | ||
| (Previous publication) | 1.1 | 3.4 | 0.8 | ‑1.4 | 3.4 |
1) Data are not revised, but published statistics may be revised due to changes in seasonal adjustment or calendar adjustment models. 2) No revisions in survey data, but published statistics may be revised due to readjustment of register data. 3) Within period of revision for survey data. 4) Current period. 5) Mean index during the period, percentage changes compared to the corresponding period the previous year. 6) Share of 2024 value added.
| NACE 2007 | Sector | December[1] | January[2] | February[2] | March[3] | April[3] | May[4] | March-May[5] | Weight[6] |
|---|---|---|---|---|---|---|---|---|---|
| B-S (ex. K, O) | Private sector, total (excluding financial and insurance services) | 105.8 | 103.5 | 103.2 | 102.8 | 104.6 | 104.5 | 104.0 | 100.0 |
| Monthly change, percent | 1.8 | ‑2.2 | ‑0.3 | ‑0.4 | 1.8 | ‑0.1 | ‑0.2 | ||
| (Previous publication) | 1.8 | ‑2.2 | ‑0.3 | ‑0.7 | 2.3 |
1) Data are not revised, but published statistics may be revised due to changes in seasonal adjustment or calendar adjustment models. 2) No revisions in survey data, but published statistics may be revised due to readjustment of register data. 3) Within period of revision for survey data. 4) Current period. 5) Mean index during the period, percentage changes compared to the previous three-month period. 6) Share of 2024 value added.
Definitions and explanations
The Production Value Index (PVI) describes developments in the private sector production of goods and services each month. Production value is a measure used to calculate the GDP that includes net turnover from industry and service production, and the trade margin (revenue from sales minus costs of retail goods).
The PVI has been produced since the reference month November 2017 and replaces the Business Production Index.
Next publishing will be
2025-08-08 at 08:00.
Feel free to use the facts from this statistical news but remember to state Source: Statistics Sweden.