Orders and turnover in industry, May 2024

Orders in industry increased in May

Statistical news from Statistics Sweden 2024-07-05 8.00

Total orders in industry increased by 7.8 percent in May 2024 compared with April, in seasonally adjusted figures. Compared with May 2023, total orders in industry decreased by 8.9 percent in calendar-adjusted figures.

A majority of the industrial subsectors recorded a positive development on a monthly basis. Total orders in industry increased on both the domestic and the export market compared with April. The domestic market increased by 10.1 percent and the export market increased by 10.4 percent, in seasonally adjusted figures.

Total orders in industry decreased on an annual basis

On an annual basis, total orders in industry decreased by 8.9 percent compared with May 2023, in calendar-adjusted figures. Orders received from customers in Sweden decreased by 0.5 percent and orders received from customers abroad decreased by 14.4 percent.

Total orders in industry in April revised

The figures for May are preliminary. Since the previous publication, the seasonally adjusted monthly development in April compared with March has been revised upwards by 0.1 percentage points to -8.2 percent. The calendar-adjusted development in April compared with April of the previous year has been revised upwards by 0.8 percentage points to -15.0 percent.

Remarks

From April 2024, data on order calculated from declared VAT data to the Swedish Tax Agency is used for small and medium-sized enterprises in industrial industries (SNI 07–33). The change is introduced with the ambition to increase quality and streamline the production of functional statistics that describe individual activities in the economy, such as orders in industry. When the new method is introduced, the statistics on orders in industry will be revised as far back in time as possible. In the Statistical Database, values for the periods April 2018 to March 2024 have been revised.

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

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	May 2024/ Apr 2024^[1]			Jan -May 2024/ Jan-May 2023^[2]			May 2024/ May 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	7.8	10.1	10.4	‑8.1	‑5.8	‑9.9	‑8.9	‑0.5	‑14.4	100.0
-	Intermediate goods industry	13.1	‑0.1	24.4	‑13.3	‑8.9	‑16.4	‑7.0	‑9.9	‑5.2	39.8
-	Energy excl. NACE rev 2. Section D, E	..	..	..	..	..	..	5.7	..	..	6.5
-	Capital goods industry	17.8	39.1	10.8	‑12.9	‑11.7	‑13.5	‑17.5	9.4	‑28.3	34.8
-	Non-durable consumer goods industry	‑0.6	3.4	‑2.1	8.5	1.5	14.7	0.0	‑0.9	0.8	17.4
-	Durable consumer goods industry	1.0	..	..	‑7.9	..	..	‑4.3	..	..	1.5
B	Mines and quarries	‑6.4	‑3.0	‑6.2	‑21.0	‑8.7	‑31.3	‑3.2	‑19.7	12.7	2.6
C	Manufacturing industry	8.4	10.7	11.6	‑7.8	‑5.8	‑9.2	‑9.1	0.1	‑14.7	97.4
10-12	Food product, beverage and tobacco industry	3.4	5.3	‑4.4	2.8	2.6	3.4	0.0	0.2	‑0.7	8.8
13-15	Industry for textile and leather products	‑1.0	‑1.0	‑1.6	‑0.1	‑7.6	6.5	‑0.5	‑1.4	0.6	0.5
16	Industry for wood and wood products	‑1.4	‑2.2	0.5	‑13.1	‑16.7	‑6.6	‑11.9	‑17.4	‑1.0	4.0
17	Industry for pulp, paper and paper products	‑1.4	‑6.5	‑0.6	12.6	21.3	10.6	8.8	1.9	10.6	5.1
18	Industry for printing and reproduction of recorded media	..	..	..	..	..	..	..	..	..	0.6
19	Industry for coke and refined petroleum products	..	..	..	..	..	..	5.7	..	..	6.5
20-21	Industry for chemicals and industry for pharmaceutical products	‑1.1	3.0	‑2.1	9.9	‑4.6	12.7	‑1.2	‑6.3	‑0.3	10.5
22	Industry for rubber and plastic products	‑2.0	‑2.1	‑1.3	‑0.7	‑2.4	1.2	‑3.7	‑9.4	3.7	2.2
23	Industry for other non-metallic mineral products	‑2.5	..	..	‑13.8	..	..	‑11.6	..	..	2.0
24	Industry for basic metals	1.4	1.4	1.0	‑10.5	‑22.1	‑5.7	‑5.6	‑12.0	‑3.2	9.3
25	Industry for manufacture of fabricated metal products, except machinery and equipment	31.0	‑3.9	161.8	‑10.0	..	..	7.5	‑29.4	109.7	7.6
26	Industry for manufacture of computer, electronic and optical products	1.4	17.8	‑6.6	5.4	6.7	4.8	0.7	13.0	‑4.1	3.0
27	Industry for manufacture of electrical equipment	161.3	6.2	202.1	..	..	..	‑18.4	6.1	‑22.2	6.4
28	Industry for machinery and equipment n.e.c.	9.4	9.1	8.5	‑19.0	‑22.7	‑17.0	‑3.3	‑10.0	0.1	10.8
29-30	Industry for transport equipment	17.1	123.9	‑2.4	‑12.2	‑0.7	‑16.2	‑32.3	74.7	‑53.4	16.5
29	Industry for motor vehicles	4.3	..	..	..	..	..	..	..	..	13.8
30	Industry for other transport equipment	117.5	..	..	..	..	..	..	..	..	2.7
31-33	Industry for other manufacturing, repair and installation of machinery and equipment	0.9	2.1	‑1.9	‑2.3	‑5.4	3.6	‑0.8	‑2.0	1.7	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

2024-08-09 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.