Business Production Index, May 2017:
Production in the business sector increased
Statistical news from Statistics Sweden 2017-07-07 9.30
Production in the business sector increased by 0.3 percent in seasonally adjusted figures in May compared with April. Compared with the corresponding month of the previous year, production in the business sector increased by 5.3 percent in calendar-adjusted figures.
The increase in total production was attributable to the industry sector, which had a monthly increase of 2.3 percent in May, in seasonally adjusted figures. The service sector increased by 0.6 percent and production in construction decreased by 7.1 percent compared with the previous month.
In the three-month period from March to May 2017, production increased by 0.4 percent compared with the previous three-month period, December to February, in seasonally adjusted figures. The strongest development was in industrial production, with an increase of 1.4 percent. Production in the construction sector increased by 0.6 percent and the service sector increased by 0.1 percent.
In calendar-adjusted figures, production in the business sector increased by 5.3 percent in May compared with the corresponding month in the previous year. Industrial production had the strongest yearly development, with an increase of 7.7 percent, while the service sector had the weakest development, with an increase of 4.3 percent.
The figures for May are preliminary. Since the previous publication, the change in production in April compared with March has been revised upwards by 0.2 percentage points. The annual change in production, April compared with the corresponding month of the previous year, has been revised downwards by 0.5 percentage points to an increase of 3.8 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 2016 |
|---|---|---|---|---|---|---|
| May / Apr[1] | Mar-May / Dec-Feb[1] | May 2017/ May 2016[2] | 2017[3] | |||
|
B-S excl. K and O
|
Business activities excluding finance and insurance
|
0.3 | 0.4 | 5.3 | 5.2 | 100 |
|
B-D excl. 35.2-35.3
|
Mines and quarries, manufacturing industry and electricity supply
|
2.3 | 1.4 | 7.7 | 3.9 | 26.4 |
|
F
|
Construction sector
|
-7.1 | 0.6 | 5.8 | 11.4 | 8.4 |
|
E, G-S excl. K and O
|
Service sector including water supply and waste disposal excluding finance and insurance sector
|
0.6 | 0.1 | 4.3 | 4.9 | 65.2 |
1) Calendar and seasonally adjusted figures. 2) Calendar adjusted figures. 3) Calendar 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
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
2017-08-14 at 09:30.
Statistical Database
More information is available in the Statistical Database
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