Sweden's producer prices slumped 3.8 percent year-on-year in May of 2020, following a 3 percent decline in April and compared with market expectations of a 3.2 percent fall. It was the fifth consecutive month of decreases in producer prices and at the quickest pace since May of 2016. Prices continued to fall for electricity, gas, steam & air conditioning supply (-18.5 percent vs -21.8 percent in April); mining & quarrying (-6.3 percent vs -6 percent); manufacturing (-2.7 percent vs -1.3 percent) and water supply, sewerage, waste management and remediation services (-2 percent vs -2.8 percent). On a monthly basis, producer prices went down 0.9 percent, after being flat in the previous month.
Producer Prices Change in Sweden averaged 1.81 percent from 1991 until 2020, reaching an all time high of 10.81 percent in May of 1995 and a record low of -5.29 percent in April of 2013. This page provides the latest reported value for - Sweden Producer Prices Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Sweden Producer Prices Change - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: Statistics Sweden
Producer Prices Change in Sweden is expected to be -4.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Sweden to stand at 0.30 in 12 months time. In the long-term, the Sweden Producer Prices Change is projected to trend around 1.40 percent in 2021 and 1.70 percent in 2022, according to our econometric models.