Total orders in industry increased by 2.6 percent in June 2024 compared with May, in seasonally adjusted figures. Compared with June 2023, total orders in industry increased by 0.8 percent in calendar-adjusted figures.
A majority of the industrial subsectors recorded a positive development on a monthly basis. Total orders in industry decreased on the domestic market and increased on the export market compared with May. The domestic market decreased by 2.8 percent and the export market increased by 3.7 percent, in seasonally adjusted figures.
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Total orders in industry increased on an annual basis
On an annual basis, total orders in industry increased by 0.8 percent compared with June 2023, in calendar-adjusted figures. Orders received from customers in Sweden decreased by 2.2 percent and orders received from customers abroad increased by 1.8 percent.
Total orders in industry in May revised
The figures for June are preliminary. Since the previous publication, the seasonally adjusted monthly development in May compared with April has been revised upwards by 2.3 percentage points to 10.1 percent. The calendar-adjusted development in May compared with May of the previous year has been revised upwards by 0.1 percentage points to -8.8 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.
Source: SCB