Service production increased in May 12-07-2017

Service production in Sweden increased by 0.7 percent in May compared with April in seasonally adjusted figures.
Service production increased by 4.5 percent in volume and working day adjusted figures in May 2017 compared with the same month of the previous year.

Production increased in May in the majority of the subsectors compared with April in seasonally adjusted figures. Subsectors that increased in production included information and communication, which increased by 4.4 percent in May compared with April in seasonally adjusted figures.

Service production increased compared with May 2016. The subsectors that were mainly responsible for the increase were administrative and support services along with professional, scientific and technical activities. Administrative and support services increased by 14.2 percent compared with the same month in 2016 in working day adjusted figures.

In the latest three-month period, March–May 2017, service production increased by 0.1 percent compared with the previous three-month period December 2016–February 2017, in seasonally adjusted figures.

The figures for May are preliminary. Since the previous publication, the change in service production in April compared with March has been revised downwards by 0.1 percentage points to a decrease of 0.1 percent. The change in production in April 2017 compared with the corresponding month the previous year has been revised downwards by 0.2 percentage points to an increase of 3.3 percent.

Source: www.scb.se
Photo: absfreepic.com

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