Orders and turnover in industry, January 2024

Orders in industry decreased in January

Statistical news from Statistics Sweden 2024-03-08 8.00

Total orders in industry decreased by 9.7 percent in January 2024 compared with December, in seasonally adjusted figures. Compared with January 2023, total orders in industry decreased by 6.1 percent in calendar-adjusted figures.

A majority of the industrial subsectors recorded a negative development on a monthly basis. The largest decrease was in the industry for other transport equipment, down 48.5 percent. Total orders in industry decreased on both the domestic and the export market compared with December. The domestic market decreased by 9.7 percent and the export market decreased by 11.3 percent, in seasonally adjusted figures.

Total orders in industry decreased on an annual basis

On an annual basis, total orders in industry decreased by 6.1 percent compared with January 2023, in calendar-adjusted figures. Orders received from customers in Sweden decreased by 5.6 percent and orders received from customers abroad decreased by 6.4 percent.

Total orders in industry in December revised

The figures for January are preliminary. Since the previous publication, the seasonally adjusted monthly development in December compared with November has been revised downwards by 0.6 percentage points to 4.9 percent. The calendar-adjusted development in December compared with December of the previous year has been revised downwards by 1.6 percentage points to -8.5 percent.

Remarks

When the reference month January 2024 is published, the base year is changed to 2021. This means that the average of the monthly indices in 2021 is 100 (index 2021=100).

We are currently implementing method changes in the survey Orders in industry. During the implementation, estimates for subsectors may temporarily be too uncertain to publish. The entire method change is expected to be in place during the second quarter of 2024. Once everything is in place, we will publish these estimates retroactively.

For a more comprehensive understanding of the statistics, it is relevant to analyse the effects of seasonal and calendar adjustments on the statistics. Please note that data series are seasonally adjusted individually. This means that a seasonally adjusted figure for an aggregate may differ from a weighted mean of the corresponding figures for included sectors.

Percentage changes in orders

NACE 2007	INDUSTRY TITLE	Jan 2024/ Dec 2023^[1]			Jan 2024/ Jan 2023^[2]			Jan 2024/ Jan 2023^[2]			Share of orders in total industry 2023
		Tot	Dom	Exp	Tot	Dom	Exp	Tot	Dom	Exp
B+C	Mines and quarries and manufacturing industry	‑9.7	‑9.7	‑11.3	‑6.1	‑5.6	‑6.4	‑6.1	‑5.6	‑6.4	100.0
-	Intermediate goods industry	‑20.5	‑5.4	‑25.9	‑9.5	‑13.9	‑7.0	‑9.5	‑13.9	‑7.0	39.8
-	Energy excl. NACE rev 2. Section D	0.7	..	..	1.0	..	..	1.0	..	..	6.5
-	Capital goods industry	‑26.6	‑25.1	‑22.9	‑15.6	‑8.8	‑18.4	‑15.6	‑8.8	‑18.4	34.8
-	Non-durable consumer goods industry	13.8	3.2	8.6	20.4	6.3	31.6	20.4	6.3	31.6	17.4
-	Durable consumer goods industry	0.7	..	..	‑10.0	..	..	‑10.0	..	..	1.5
B	Mines and quarries	‑42.3	‑17.9	‑67.1	‑49.0	‑23.2	‑71.4	‑49.0	‑23.2	‑71.4	2.6
C	Manufacturing industry	‑8.1	‑9.8	‑9.8	‑4.7	‑5.0	‑4.7	‑4.7	‑5.0	‑4.7	97.4
10-12	Food product, beverage and tobacco industry	0.3	1.5	‑3.2	3.8	4.3	2.1	3.8	4.3	2.1	8.8
13-15	Industry for textile and leather products	..	..	..	..	..	..	..	..	..	0.5
16	Industry for wood and wood products	‑13.4	‑11.7	‑9.1	‑19.7	‑27.9	‑6.1	‑19.7	‑27.9	‑6.1	4.0
17	Industry for pulp, paper and paper products	..	..	..	..	..	..	..	..	..	5.1
18	Industry for printing and reproduction of recorded media	..	..	..	..	..	..	..	..	..	0.6
19	Industry for coke and refined petroleum products	0.7	..	..	1.0	..	..	1.0	..	..	6.5
20-21	Industry for chemicals and industry for pharmaceutical products	11.7	‑6.8	12.4	24.5	‑4.2	30.3	24.5	‑4.2	30.3	10.5
22	Industry for rubber and plastic products	..	..	..	..	..	..	..	..	..	2.2
23	Industry for other non-metallic mineral products	..	..	..	..	..	..	..	..	..	2.0
24	Industry for basic metals	‑23.3	‑25.5	‑22.4	‑9.1	‑31.4	‑0.7	‑9.1	‑31.4	‑0.7	9.3
25	Industry for manufacture of fabricated metal products, except machinery and equipment	..	..	..	..	..	.	..	..	..	7.6
26	Industry for manufacture of computer, electronic and optical products	‑2.4	‑15.8	7.5	‑7.5	9.4	‑12.9	‑7.5	9.4	‑12.9	3.0
27	Industry for manufacture of electrical equipment	..	..	..	..	..	..	..	..	..	6.4
28	Industry for machinery and equipment n.e.c.	..	..	..	..	..	..	..	..	..	10.8
29-30	Industry for transport equipment	‑23.3	‑38.6	‑13.3	‑13.4	‑0.1	‑16.8	‑13.4	‑0.1	‑16.8	16.5
29	Industry for motor vehicles	‑1.2	..	..	‑16.0	..	..	‑16.0	..	..	13.8
30	Industry for other transport equipment	‑48.5	..	..	38.8	..	..	38.8	..	..	2.7
31-33	Industry for other manufacturing, repair and installation of machinery and equipment	7.7	..	..	7.4	..	..	7.4	..	..	3.6

1) Calendar and seasonally adjusted figures 2) Calendar adjusted figures 3) Data marked with .. includes classified information or missing data.

Definitions and explanations

Revisions

When the orders index and the turnover index for a new month are published, the indices for previous months are also revised. The material is normally revised for between two and four months retroactively, depending on which month of 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.

International comparisons

For international comparisons, please refer to Eurostat.

Short-term business statistics (STS) in brief

Next publishing will be

2024-04-10 at 8:00.

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.