Household spending in Sweden slumped 4%, mainly due to a 7.8% decline in food and beverages. On the other hand, housing, electricity, gas and heating made the biggest upward contribution (+2.1%). source: Statistics Sweden

Household Spending in Sweden averaged 1.84 percent from 2001 until 2023, reaching an all time high of 10.70 percent in May of 2021 and a record low of -11.10 percent in April of 2020. This page provides - Sweden Household Consumption MoM- actual values, historical data, forecast, chart, statistics, economic calendar and news. Sweden Household Consumption YoY - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.

Household Spending in Sweden is expected to be -3.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Sweden Household Consumption YoY is projected to trend around 1.80 percent in 2024 and 2.00 percent in 2025, according to our econometric models.

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Sweden Household Consumption YoY

Calendar GMT Actual Previous Consensus TEForecast
2023-04-06 06:00 AM Feb -1.4% 1% 1%
2023-05-10 06:00 AM Mar -4% -1.4% -1.3%
2023-06-09 06:00 AM Apr -4% -3.2%

Related Last Previous Unit Reference
Retail Sales MoM 2.80 -1.50 percent Apr 2023
Retail Sales YoY -6.50 -10.80 percent Apr 2023
Consumer Spending 638892.00 646965.00 SEK Million Mar 2023
Disposable Personal Income 702769.00 675564.00 SEK Million Mar 2023
Private Sector Credit 1.87 2.32 percent Apr 2023
Household Spending -4.00 -2.00 percent Mar 2023

Sweden Household Consumption YoY
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).
Actual Previous Highest Lowest Dates Unit Frequency
-4.00 -2.00 10.70 -11.10 2001 - 2023 percent Monthly