Producer Prices Index: Economic Activities: Manufacturing: Domestic for Sweden
SWEPPDMMINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
146.45
Year-over-Year Change
12.22%
Date Range
1/1/1975 - 2/1/2023
Summary
The Producer Prices Index (PPI) for Manufacturing in Sweden measures changes in the prices received by domestic producers of manufactured goods. It is an important indicator of inflationary pressures and competitiveness in the Swedish economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The PPI for Manufacturing in Sweden tracks price changes for goods produced and sold within the country's manufacturing sector. It serves as a leading indicator of overall producer price inflation and can provide insights into cost-push dynamics affecting Swedish businesses and trade.
Methodology
The data is collected through surveys of domestic manufacturers and calculated as a weighted index based on the Industrial Production Classification (ISIC).
Historical Context
The PPI is closely monitored by the Riksbank, Sweden's central bank, to inform monetary policy decisions and assess the state of the broader economy.
Key Facts
- The base year for the Swedish PPI is 2015 = 100.
- Sweden's PPI has risen by over 20% since 2020.
- The manufacturing sector accounts for over 15% of Sweden's GDP.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index (PPI) for Manufacturing in Sweden tracks changes in the prices received by domestic producers of manufactured goods.
Q: Why is this trend relevant for users or analysts?
A: The PPI is an important indicator of inflationary pressures and competitiveness within the Swedish economy, providing insights into the cost-push dynamics affecting businesses and trade.
Q: How is this data collected or calculated?
A: The data is collected through surveys of domestic manufacturers and calculated as a weighted index based on the Industrial Production Classification (ISIC).
Q: How is this trend used in economic policy?
A: The PPI is closely monitored by the Riksbank, Sweden's central bank, to inform monetary policy decisions and assess the state of the broader economy.
Q: Are there update delays or limitations?
A: The PPI data is published monthly with a typical lag of around one month.
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Citation
U.S. Federal Reserve, Producer Prices Index: Economic Activities: Manufacturing: Domestic for Sweden (SWEPPDMMINMEI), retrieved from FRED.