Sweden's household consumption was unchanged in November 2019, following a downwardly revised 0.1 percent growth in October. Increases in spending on post and telecommunications (2.9 percent vs 2.1 percent), restaurants, cafes, hotels and other accommodation services (2.1 percent vs -2.2 percent), clothing and footwear retail trade (0.6 percent vs -1.5 percent), furniture, furnishings, household equipment and consumables (0.4 percent vs 0.5 percent), and transport and retail sales and service of motor vehicles (0.3 percent vs 0.9 percent) were offset by declines in consumption of housing, electricity, gas and heating (-0.3 percent vs 0.5 percent) and recreation and culture, goods and services (-0.3 percent vs -1.6 percent). Food and beverages purchases were flat (vs 0.7 percent in October). Year-on-year, household consumption rose 2.3 percent. Household Spending in Sweden averaged 0.18 percent from 2000 until 2019, reaching an all time high of 3.20 percent in October of 2003 and a record low of -3.50 percent in November of 2003. source: Statistics Sweden

Household Spending in Sweden is expected to be 0.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Household Spending in Sweden to stand at 0.50 in 12 months time. In the long-term, the Sweden Household Consumption MoM is projected to trend around 0.40 percent in 2020, according to our econometric models.

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Sweden Household Consumption MoM

Actual Previous Highest Lowest Dates Unit Frequency
0.00 0.10 3.20 -3.50 2000 - 2019 percent Monthly
2010=100, SA



Calendar GMT Actual Previous Consensus TEForecast
2019-10-10 07:30 AM Aug 0.8% 0.5% 0.3%
2019-11-08 08:30 AM Sep 0.8% 0.8% 0.4%
2019-12-10 08:30 AM Oct 0.2% 0.8% -0.4%
2020-01-14 08:30 AM Nov 0.0% 0.1% 0.5%
2020-02-07 08:30 AM Dec 0.0% 0.3%


News Stream
2019-12-10
Swedish Household Consumption Rises at Softer Pace
Sweden's household consumption rose 0.2 percent from a month earlier in October 2019, easing from a 0.8 percent increase in September, as spending on transport and retail sales and service of motor vehicles rose at a slower pace (0.4 percent vs 2.9 percent) and that on housing, electricity, gas and heating was unchanged (vs 0.5 percent in September). In addition, declines were seen in retail trade, clothing and footwear (-1.5 percent vs 2.7 percent), recreation and culture, goods and services (-1.5 percent vs 3.2 percent) and restaurants, cafes, hotels and other accommodation services (-0.2 percent vs -1.6 percent). Meanwhile, upward pressure came from retail trade, mostly food and beverages (1.0 percent vs 0.3 percent), furniture, furnishings, household equipment and consumables (1.1 percent vs -0.1 percent), post and telecommunications (0.8 percent vs -0.5 percent), and other goods and services (3.5 percent vs -2.3 percent).

2019-11-08
Swedish Household Consumption Rises 0.8% MoM
Sweden's household consumption increased 0.8 percent from a month earlier in September 2019, the same pace as in the prior month, boosted by spending on recreation and culture, goods & services (3.1 percent vs 0.2 percent in August); transport and retail sales & service of motor vehicles (2.8 percent vs 1.4 percent); retail trade, clothing & footwear (2.9 percent vs -0.9 percent) and food and beverages (0.5 percent, after showing no growth in August). In contrast, there were declines in consumption of restaurants, cafes, hotels and other accommodation services (-0.8 percent vs 0.4 percent); other goods and services (-0.7 percent vs 1.5 percent); furniture, furnishings, household equipment & consumables (-0.7 percent vs -1.9 percent) and post and telecommunications (-0.1 percent vs 1.1 percent). Year-on-year, household consumption advanced 3.7 percent, up from 2.7 percent in the prior month.

2019-10-10
Swedish Household Consumption Rises at Faster Pace
Sweden's household consumption increased 0.8 percent from a month earlier in August 2019, following a revised 0.5 percent growth in July, boosted by spending on restaurants, cafes, hotels and other accommodation services (2.1 percent vs -1.8 percent), recreation and culture, goods and services (0.2 percent vs -1.4 percent), post and telecommunications (3.5 percent vs 5.3 percent), transport and retail sales and service of motor vehicles (0.4 percent, the same as in July) and other goods and services (2.5 percent vs 1.1 percent). In contrast, there were declines in consumption of furniture, furnishings, household equipment and consumables (-1.6 percent vs 6.2 percent) and clothing and footwear (-0.6 percent vs 0.6 percent).

2019-09-10
Swedish Household Consumption Rises in July
Sweden's household consumption increased 0.8 percent from a month earlier in July of 2019, recovering from a revised flat reading June. Spending rebounded for housing, electricity, gas and heating (0.5 percent vs -0.9 percent in June); furniture, furnishings, household equipment and consumables (2.0 percent vs -1.4 percent); post and telecommunications (4.3 percent vs -1.4 percent) and recreation and culture, goods and services (1.4 percent vs -0.4 percent). On the other hand, consumption fell for retail trade, mostly food and beverages (-0.1 percent vs 1.5 percent) and restaurants, cafes, hotels and other accommodation services (-0.6 percent vs 0.6 percent). On a yearly basis, household consumption increased 4.9 percent, following a 3.0 percent rise in June.

2019-08-09
Swedish Household Consumption Rises in June
Sweden's household consumption increased 0.2 percent from a month earlier in June of 2019, recovering from an upwardly revised 1 percent fall in May. Spending rebounded for retail trade, mostly food and beverages (1.8 percent vs -3 percent in May); clothing and footwear (2.9 percent vs -5.1 percent) and transport and retail sales and service of motor vehicles (0.7 percent vs -2.2 percent). On the other hand, consumption fell for furniture, furnishings, household equipment and consumables (-1 percent vs 2 percent) and other goods and services (-5.7 percent vs 7.3 percent). On a yearly basis, household consumption fell 0.3 percent.

2019-07-09
Swedish Household Consumption Falls 0.9% MoM
Sweden's household consumption fell 0.9 percent in May of 2019, following a revised 0.1 percent decrease in the previous month, mainly due to a sharp fall in retail trade, mostly food and beverages (-2.9 percent from 1.7 percent in April); clothing & footwear (-5.1 percent vs 2.5 percent); post & telecommunications (-2.3 percent vs 5.1 percent) and transport (-2.3 percent vs 0.8 percent). Also, purchases of furniture, furnishings, household equipment & consumables slowed (2.0 percent vs 4.3 percent). On the other hand, upward pressure came from restaurants, cafes & hotels (5.1 percent vs -5.6 percent); recreation & culture (0.4 percent vs 0.1 percent) and other goods & services (6.7 percent vs -1.7 percent). On a yearly basis, household consumption fell 1.0 percent, after a 0.2 percent rise in April.


Sweden Household Consumption MoM
From 2013 onwards Statistics Sweden produces new monthly statistics over household consumption. The statistics are an important indicator for the business cycle because household consumption accounts for 47 percent of the total Gross Domestic Product (GDP).

Sweden Consumer Last Previous Highest Lowest Unit
Consumer Confidence 94.10 92.00 122.60 42.70 points [+]
Retail Sales MoM -0.40 0.20 4.70 -6.80 percent [+]
Retail Sales YoY 1.30 3.50 10.90 -7.70 percent [+]
Consumer Spending 547040.00 544682.00 547040.00 257018.00 SEK Million [+]
Disposable Personal Income 557200.00 694678.00 694678.00 0.00 SEK Million [+]
Personal Savings 13.85 30.30 30.30 -10.99 percent [+]
Private Sector Credit 5.00 5.00 22.70 -3.20 percent [+]
Household Spending 0.00 0.10 3.20 -3.50 percent [+]
Households Debt To GDP 88.10 87.70 88.10 43.90 percent of GDP [+]
Households Debt To Income 162.26 162.67 162.67 96.19 percent [+]
Gasoline Prices 1.58 1.56 2.25 0.94 USD/Liter [+]
Consumer Confidence Current Conditions 12.00 16.00 21.00 -34.00 [+]
Consumer Confidence Economic Expectations -10.00 1.00 51.00 -40.00 [+]
Consumer Confidence Financial Expectations 18.00 17.00 32.00 -23.00 [+]
Consumer Confidence Major Purchases Expectations -4.00 -6.00 4.00 -24.00 [+]
Consumer Confidence Savings Expectations 59.00 68.00 69.00 9.00 [+]
Consumer Confidence Unemployment Expectations 3.00 -4.00 81.00 -54.00 [+]