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Production Value Index, December 2019

Private sector production decreased in December

Statistical news from Statistics Sweden 2020-02-05 9.30

Private sector production decreased by 0.3 percent in December compared with the same month a year ago, calendar adjusted. Production decreased by 0.4 percent compared with November, seasonally adjusted.

Production value in industry decreased

Production in the industry sector decreased by 3.2 percent in December in calendar adjusted figures compared with the same period a year ago. The industry for basic metals decreased by 11.4 percent in fixed prices and accounted for the largest contribution, -0.2 percentage points, to the development in total private sector production.

Production value in services increased

Production in the service sector increased by 0.1 percent in December in calendar adjusted figures compared with the same period a year ago. Wholesale and retail trade increased by 5.5 percent in fixed prices and contributed the most, 0.8 percentage points, to the development in total private sector production.

Production value in construction increased

Production in the construction sector increased by 4.1 percent in December in calendar adjusted figures compared with the same period a year ago. This sector increased by 5.5 percent in fixed prices, not calendar-adjusted. The construction sector, which accounts for 8.8 percent of total value added in the private sector, contributed 0.5 percentage points to the development in total private sector production in fixed prices.

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. From April 2015, a new method of calculating definitive statistics applies. The new method primarily entails that 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 at: Production Value Index.

Contributions to change in PVI, percentage units
Namnlös

Index and percentage change, calendar adjusted
NACE 2007 Sector July[1] August[1] September[1] October[3] November[3] December[4] October-December[5] Weight[6]
B-S (ex. K, O) Private sector, total (excluding financial and insurance services) 95.5 103.7 116.1 121 120.6 124.3 122 100
  Annual change, percent 1.5 2.4 0.7 0.8 1.6 ‑0.3 0.7  
  (Previous publication) 1.7 2.2 0.7 0.8 1.8      
B+C Industry 89 98 120.9 118.6 119.7 111.3 116.5 22
  Annual change, percent 1.9 3.3 0.2 ‑2.5 0.1 ‑3.2 ‑1.9  
  (Previous publication) 3.1 2.2 0.2 ‑2.5 0.4      
F[7] Construction 92.5 92.5 115.2 124.5 126.1 114.8 121.8 8.8
  Annual change, percent ‑0.6 2.1 0.4 3.6 3.6 4.1 3.7  
  (Previous publication) ‑0.5 2.1 0.2 3.1 3.5      
G-S (ex. K, O) Services (excluding financial and insurance services) 98.4 108.2 116.2 122.1 120.5 129.6 124.1 65.1
  Annual change, percent 0.8 2.2 0.8 1.3 1.5 0.1 0.9  
  (Previous publication) 0.8 2.3 0.8 1.2 1.6      

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 2018 value added. 7) Historic data for construction are revised at the end of every quarter.

Index and percentage change, seasonally adjusted
NACE 2007 Sector July[1] August[1] September[1] October[3] November[3] December[4] October-December[5] Weight[6]
B-S (ex. K, O) Private sector, total (excluding financial and insurance services) 113.2 114.1 113.4 113.8 114.2 113.8 113.9 100
  Monthly change, percent 0.1 0.8 ‑0.6 0.4 0.4 ‑0.4 0.3  
  (Previous publication) 0.2 0.6 ‑0.5 0.4 0.5      

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 2018 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).

PVI has been produced since the reference month September 2017 and replaces the Business Production Index.

Next publishing will be

2020-03-05 at 09:30.

Statistical Database

More information is available in the Statistical Database

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