Financial News: Sweden Producer Prices Fall Further

Sweden Producer Prices Fall Further

10/25/2023 - 03:27:00 (RTTNews)

(RTTNews) - Sweden's producer prices declined for the fifth straight month in September amid a continued slump in costs for energy-related products, figures from Statistics Sweden showed on Wednesday.

The producer price index dropped 4.6 percent year-on-year in September, though slower than the 5.9 percent fall in August.

The annual rate of the producer price index, excluding energy-related products, was an increase of 4.5 percent.

Prices in the domestic market alone decreased at a stable rate of 9.3 percent.

Prices for energy-related goods fell sharply by 37.0 percent annually in September. Meanwhile, prices of consumer goods gained 6.1 percent, and those of capital goods climbed 9.1 percent.

Monthly, producer prices increased 1.8 percent in September, reversing a 0.7 percent fall seen in the preceding month.

Data also showed that import prices fell 0.7 percent yearly, while the export price index was 0.8 percent higher.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Trade Deficit Widens In October Amid Pullback By Exports (23 min(s), 04 sec(s) ago)
(RTTNews) - Largely reflecting a pullback in the value of exports, the Commerce Department release ...Full Story»

U.S. Private Sector Employment Rises Less Than Expected In November (48 min(s), 04 sec(s) ago)
(RTTNews) - Private sector employment in the U.S. increased by less than expected in the month of ...Full Story»

Ireland Jobless Rate Rises Slightly To 4.8%, Highest In 20 Months (01 hr(s), 08 min(s), 04 sec(s) ago)
(RTTNews) - Ireland's unemployment rate increased somewhat in November to the highest level in ...Full Story»

German Construction Activity Contracts Most Since April 2020 (01 hr(s), 29 min(s), 04 sec(s) ago)
(RTTNews) - German construction sector deteriorated at the steepest pace in just over three-and-a- ...Full Story»

U.S. Labor Productivity Jumps More Than Previously Estimated In Q3 (01 hr(s), 36 min(s), 04 sec(s) ago)
(RTTNews) - The Labor Department released a report on Wednesday showing U.S. labor productivity su ...Full Story»

U.S. Trade Deficit Widens In October Amid Pullback By Exports (01 hr(s), 41 min(s), 04 sec(s) ago)
(RTTNews) - Largely reflecting a pullback in the value of exports, the Commerce Department release ...Full Story»

U.S. Private Sector Employment Rises Less Than Expected In November (01 hr(s), 56 min(s), 04 sec(s) ago)
(RTTNews) - Private sector employment in the U.S. increased by less than expected in the month of ...Full Story»

UK Construction Downturn Continues In November (02 hr(s), 28 min(s), 04 sec(s) ago)
(RTTNews) - UK construction activity remained in contraction for the third straight month in Novem ...Full Story»