Index of Service Production, August 2017:
Service production increased in August
Statistical news from Statistics Sweden 2017-10-05 9.30
Service production increased by 0.1 percent in August 2017 compared with July in seasonally adjusted figures. Service production increased by 5.2 percent in volume and calendar-adjusted figures in August 2017 compared with the same month of the previous year.
This is the last time a statistical news article will be published for the Index of Service Production. From the next publication onward, Index of Service Production will only be updated in the Statistical Database. Subscribers will thus no longer receive messages when new statistics are available.
Statistics Sweden will publish Production Value Index from 2017-11-06, the purpose of which is to measure the total private sector production in Sweden. The production in services are included in Production Value Index.
Production in the information and communication sector increased the most compared with the previous month, an increase of 3.4 percent in August compared with July in seasonally adjusted figures.
Service production increased compared with August 2016. The subsectors that were mainly responsible for the increase were wholesale and retail and repair of motor vehicles and motorcycles along with information and communication. Wholesale and retail and repair of motor vehicles and motorcycles increased by 13.8 percent compared with the same month in 2016 in working day adjusted figures.
In the latest three-month period June-August 2017, service production increased by 1.6 percent compared with the previous three-month period March-May 2017, in seasonally adjusted figures.
The figures for August are preliminary. Since the previous publication, the change in service production in July compared with June has been revised upwards by 0.1 percentage points to an increase of 1.6 percent. The change in production in July 2017 compared with the corresponding month in the previous year has been revised upwards by 0.3 percentage points to an increase of 4.4 percent.
It is relevant to analyse the seasonal and calendar adjustments for a better understanding of the statistics.
| Activity | Monthly development seasonally adjusted | Three months development seasonally adjusted | Volume and working day adjusted | Weight | |
|---|---|---|---|---|---|
| Aug/Jul | Jun-Aug/ Mar-May | Aug* | 2017 ** | ||
|
Total service production (45-63; 68-96)
|
0.1 | 1.6 | 5.2 | 4.0 | 1.00 |
|
Total service production excl.
real estate activities (45-63; 69-96) |
-0.3 | 1.9 | 6.4 | 4.7 | 0.82 |
|
Wholesale and retail trade (45-47)
|
-1.2 | 1.2 | 5.5 | 4.2 | 0.22 |
|
Wholesale and retail and repair of motor vehicles and motorcycles (45)
|
0.3 | 4.6 | 13.8 | 8.5 | 0.04 |
|
Wholesale trade, except of motor vehicles and motorcycles (46)
|
-2.5 | 0.2 | 4.8 | 4.2 | 0.12 |
|
Retail trade, except of motor vehicles and motorcycles (47)
|
-0.3 | 1.4 | 2.9 | 2.4 | 0.07 |
|
Transportation and storage (49-53)
|
-0.6 | 0.4 | 3.2 | 1.8 | 0.09 |
|
Hotel and restaurant (55-56)
|
1.0 | 0.6 | 2.3 | 2.3 | 0.04 |
|
IT, real-estate businesses (58-75)
|
0.6 | 2.2 | 5.5 | 3.8 | 0.46 |
|
Information and communication (58-63)
|
3.4 | 4.5 | 13.7 | 4.5 | 0.14 |
|
Real estate activities (68)
|
1.2 | -0.1 | -0.1 | 0.6 | 0.18 |
|
Professional, scientific and technical activities (69-75)
|
-6.6 | 4.4 | 5.3 | 7.3 | 0.14 |
|
Administrative and support service (77-82)
|
1.8 | 1.1 | 12.6 | 10.9 | 0.08 |
|
Education (85)
|
-0.8 | 2.9 | -2.0 | 0.8 | 0.02 |
|
Human health and social work (86-88)
|
-1.2 | -0.4 | -1.7 | 1.4 | 0.06 |
|
Art, entertainment and recreation (90-96)
|
1.5 | 2.5 | 12.8 | 5.6 | 0.03 |
* All figures compared to the same period last year. ** The Period from January to the current month compared to the same period last year.
Definitions and explanations
Changes in this publication
Some methodological changes were introduced in connection with publication of the Index of Service Production for April 2015. These changes are intended to improve the quality of the statistics as well as to coordinate the monthly and quarterly economic statistics. These statistics include the Industrial Production Index, Orders and Turnover in Industry, Industrial Inventories and Industrial Capacity Utilisation together with the Index of Service Production, the Retail Trade Index, the Restaurant Index and Inventories in Trade and Services.
The time series have been calculated back to 2000 in order to decrease possible level shifts and breaks in the time series that have resulted in revisions in some historical series. The annual sample change was carried out in connection with the April publication.
Revisions
When the Index of Service Production for a new month is published, the indices for previous months are also revised. The material is normally revised between two to four months retroactively, depending on which month in 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.
Next publishing will be
2017-11-06 at 09:30.
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.