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.