Increased order for the Swedish industries – a brighter light at the end of the tunnel

Thursday, 10 May 2012
New orders for Swedish industry increased by 2.0 percent in seasonally adjusted figures in March compared to February. When comparing March of this year and the same month of the previous year, new orders decreased by 6.4 percent in working day adjusted figures.

The industry sub-sectors showed a mixed development in March compared to February. The most positive development was seen in the electrical equipment industry and the machinery industry. The industry for other transport equipment decreased the most. During the first quarter new orders in total decreased by 1.7 percent compared to the fourth quarter of 2011.

New orders from the domestic market decreased by 2.2 percent in March compared to February. During the first quarter new orders decreased by 1.2 percent compared to the fourth quarter.
New orders from the export market increased by 5.0 percent in March compared to February. During the first quarter new orders decreased by 2.0 percent compared to the fourth quarter.
On an annual basis new orders in total continued to decrease. In March new orders decreased by 6.4 percent compared to the same month of the previous year. The corresponding comparison in the domestic market results in a decrease of 4.4 percent while in the export market we see a decrease of 7.8 percent.

The figures for March are preliminary. Since the previous publication the change in new orders in February compared to January has been revised upwards by 0.6 percentage points to a decrease of 4.9 percent. The change in new orders between February of this year and the same month of the previous year has been revised upwards by 0.7 percentage points to a decrease of 7.6 percent.
News sources: Statistic Sweden

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