Production Value Index, October 2017:
Increased private sector production in November
Statistical news from Statistics Sweden 2018-01-10 9.30
Production in the private sector increased by 6.6 percent in November compared to the same month of the previous year, in calendar adjusted figures. Compared to October, in seasonally adjusted figures, the production increased by 1.3 percent. So far during the fourth quarter 2017 (October and November), compared to the same period of the previous year, private sector production increased by 5.7 percent.
Production value increased in industry
Production in industry increased by 6.1 percent in calendar adjusted figures during November, compared to the same period of the previous year. The industry sub-sector that contributed the most to the increase in total private sector production was the industry for motor vehicles, with a contribution of 0,5 percentage points after an increase of 18,1 percent in fixed prices. The industry for motor vehicles has had a positive yearly development for the last 13 months, in calendar adjusted figures.
Production value increased in services
Production in the service sector increased by 7.1 percent in calendar adjusted figures during November, compared to the same period of the previous year. The service sub-sector that contributed the most to the increase in total private sector production was administrative and support services, with a contribution of 1.5 percentage points after an increase of 10.9 percent in fixed prices. The sub-sector has showed a continuous positive yearly development since January 2014, in calendar adjusted prices.
Production value increased in construction
Production in the construction sector increased by 4.3 percent in calendar adjusted figures so far during November, compared to the same period of the previous year. Construction’s share of value added across the entire private sector is 8.5 percent, and the sector contributed 0.4 percentage points to the total increase of private sector production in fixed prices.
Revisions
The figures for November 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.
| NACE 2007 | Sector | June | July[1] | August[1] | September[2] | October[3] | November[4] | October-November[5] | Weight[6] |
|---|---|---|---|---|---|---|---|---|---|
| B-S (ex. K, O) |
Private sector, total (excluding financial and insurance services) |
114.1 | 92.8 | 98.8 | 112.8 | 116.5 | 117.1 | 116.8 | 100.0 |
| Annual change, percent |
4.6 | 4.4 | 5.7 | 3.2 | 4.9 | 6.6 | 5.7 | ||
| (Previous publication) |
4.6 | 4.4 | 5.7 | 3.2 | 4.1 | ||||
| B+C | Industry | 119.5 | 86.6 | 93.4 | 117.1 | 118.1 | 116.7 | 117.4 | 20.0 |
| Annual change, percent |
7.6 | 4.0 | 7.4 | 1.6 | 6.6 | 6.1 | 6.3 | ||
| (Previous publication) |
7.6 | 4.0 | 7.2 | 1.6 | 6.6 | ||||
| F | Construction | 123.4 | 103.1 | 99.7 | 123.8 | 125.9 | 128.1 | 127.0 | 10.0 |
| Annual change, percent |
11.7 | 11.0 | 9.2 | 4.8 | 1.0 | 4.3 | 2.6 | ||
| (Previous publication) |
11.7 | 11.0 | 9.2 | 4.6 | 0.6 | ||||
| G-S (ex. K, O) |
Services (excluding financial and insurance services) |
112.3 | 93.9 | 101.2 | 111.6 | 115.9 | 116.4 | 116.2 | 70.0 |
| Annual change, percent |
2.4 | 3.4 | 4.7 | 3.8 | 5.3 | 7.1 | 6.2 | ||
| (Previous publication) | 2.4 | 3.4 | 4.6 | 3.8 | 4.3 |
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 indes during the period, percentage changes compared to the corresponding period the previous year. 6) Share of 2016 value added. 7) Historic data for construction are revised at the end of every quarter.
| NACE 2007 | Sector | June | July[1] | August[1] | September[2] | October[3] | November[4] | September-November[5] | Weight[6] |
|---|---|---|---|---|---|---|---|---|---|
| B-S (ex. K, O) |
Private sector, total (excluding financial and insurance services) |
108.4 | 108.8 | 108.6 | 109.6 | 110.1 | 111.5 | 110.4 | 100.0 |
| Monthly change, percent |
0.0 | 0.4 | ‑0.2 | 0.9 | 0.5 | 1.3 | 1.7 | ||
| (Previous publication) | 0.0 | 0.4 | ‑0.6 | 0.4 | 0.6 |
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 indes during the period, percentage changes compared to the previous three-month period. 6) 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
2018-02-06 09:30
Statistical Database
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Feel free to use the facts from this statistical news but remember to state Source: Statistics Sweden.