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Production value index, June 2021 (corrected 2021-08-19)

Private sector production increased in June 2021

Statistical news from Statistics Sweden 2021-08-10 9.30

Private sector production increased by 0.8 percent in June 2021 compared with May 2021 in seasonally adjusted figures, and by 10.6 percent compared with June 2020 in calendar adjusted figures.

Production value in industry increased

Production in the industry sector increased by 16.7 percent in June 2021 compared with the corresponding month a year ago, in calendar adjusted figures. The largest upward contribution to total private sector development, 0.9 percentage points, came from the motor vehicle industry, which increased by 31.7 percent in fixed prices. The largest downward contribution to total private sector development, −0.1 percentage points, came from mines and quarries, which decreased by 5.9 percent in fixed prices.

Production value in services increased

Production in the services sector increased by 10.1 percent in June 2021 compared with the corresponding month a year ago, in calendar adjusted figures. The largest upward contribtion to total private sector development, 2.0 percentage points, came from the information and communication industry, which increased by 17.6 percent in fixed prices.

Production value in construction increased

Production in the construction sector increased by 3.7 percent in June 2021 compared with the corresponding month a year ago, in calendar adjusted figures. In this sector, production increased by 3.4 percent in fixed prices, not calendar adjusted. The construction sector, which accounts for 9.9 percent of total value added in the private sector, made an upward contribution of 0.3 percentage points to the development in total private sector production.

The COVID-19 outbreak started to significantly impact production in March 2020, which should be taken into account when comparing annual development statistics.

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 at:

Production Value Index

Contributions to change in PVI, percentage units

Graph: Contributions to change in PVI, percentage units. June 2021

Index and percentage change, calendar adjusted
NACE 2007SectorJanuary[1]February[1]March[1]April[3]May[3]June[4]April-June[5]Weight[6]
B-S (ex. K, O) Private sector, total (excluding financial and insurance services) 102.9 106.5 122.3 114.8 114.8 122.9 117.5 100
  Annual change, percent ‑4.1 ‑2.1 3.6 11.0 10.6 10.6 10.7  
  (Previous publication) ‑4.1 ‑2.1 3.6 11.1 9.7      
B+C Industry 105.5 112.1 134.1 118.9 118.4 133.0 123.4 20.7
  Annual change, percent ‑0.8 2.4 5.6 26.5 23.3 16.7 21.8  
  (Previous publication) ‑0.8 2.4 5.6 27.1 24.2      
F[7] Construction 89.1 111.6 118.0 122.7 124.2 137.1 128.0 9.9
  Annual change, percent ‑4.2 1.9 ‑1.9 ‑4.1 ‑3.1 3.7 ‑1.1  
  (Previous publication) ‑4.5 1.8 ‑1.8 ‑4.1 ‑5.2      
G-S (ex. K, O) Services (excluding financial and insurance services) 103.0 103.8 119.4 112.8 113.6 120.1 115.5 65.9
  Annual change, percent ‑4.8 ‑4.0 4.5 9.4 9.7 10.1 9.7  
  (Previous publication) ‑4.8 ‑4.0 4.5 9.3 8.4      

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 2020 value added.

Index and percentage change, seasonally adjusted
NACE 2007 Sector January[1] February[1] March[1] April[3] May[3] June[4] April-June[5] Weight[6]
B-S (ex. K, O) Private sector, total (excluding financial and insurance services) 112.4 113.6 114.5 114.8 114.9 115.8 115.2 100.0
  Monthly change, percent ‑0.1 1.1 0.8 0.3 0.1 0.8 1.5  
  (Previous publication) ‑0.2 1.1 0.8 ‑0.1 ‑0.2      

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 2020 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 October 2017 and replaces the Business Production Index.

Next publishing will be

2021-09-08 at 09:30.

Statistical Database

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