Swedish household consumption fell 0.8 percent from the previous month in December of 2018, after showing no growth in the previous month. Spending fell for furniture and household equipment (-3.1 percent from 1.8 percent in November); recreation and culture, goods and services (-3.5 percent from 0.3 percent); retail trade, clothing and footwear (-2.6 percent from 2.1 percent) and other goods and services (-3.8 percent from 3.4 percent). Household Spending in Sweden averaged 0.17 percent from 2000 until 2018, reaching an all time high of 3.40 percent in October of 2003 and a record low of -3.70 percent in November of 2003.
Household Spending in Sweden is expected to be 1.00 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 0.30 in 12 months time. In the long-term, the Sweden Household Consumption MoM is projected to trend around 0.30 percent in 2020, according to our econometric models.