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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SwedenSweden House Price Index YoY fell to -12.7% in December 2022
FMPMonthlyReleased January 2023
Sweden House Price Index YoY fell to -12.7% in December 2022, released January 2023, down 1.1% from November's -11.6% reading.
Latest Release
-12.700000
Actual
—
Consensus
-11.600000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/SEK | ▼ Inverse | −0.50 | FOREX | Bullish SEK | → View |
| USD/SEK | ▼ Inverse | −0.45 | FOREX | Bullish SEK | → View |
| EUR/USD | ▲ Direct | +0.35 | FOREX | Watch | → View |
| DAX | ▲ Direct | +0.35 | INDEX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
House Price Index YoY (Sweden) was reported at -12.7% in January 2023. The reading fell from the previous value of -11.6%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with EUR/SEK (Bullish SEK). A secondary relationship exists with USD/SEK, negatively correlated (Bullish SEK).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Riksbank Rate Decision (Jun 17) and Interest Rate Decision (Jun 17).
Auto-generated from current model state · Refreshes on each release · Last update January 2023.
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House Price Index YoY - SE
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About House Price Index YoY — Sweden
DEFINITION
The House Price Index YoY (Year-over-Year) is a key financial indicator that measures the change in the average selling price of residential properties over a 12-month period. It provides valuable insights into the overall health and trends of the housing market, allowing investors, policymakers, and individuals to make informed decisions about buying, selling, or investing in real estate. A positive YoY change indicates a rise in property values, while a negative change suggests a decline. This indicator is widely used by economists and analysts to assess the strength of the housing sector and its impact on the broader economy.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Dec 2022): actual -12.7 %. Prior reading (Nov 2022): -11.6 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print. Current dynamics are the primary tailwind in the projection. This indicator correlates most strongly with EUR/SEK (Bullish SEK, r=-0.50) — a useful reference for forex-focused traders.