Sweden's household consumption declined 5.4 percent from a month earlier in March of 2020, following a 0.4 percent increase in the prior month. This was the steepest decrease in household spending since the series began in February of 2000, as demand was hit by the coronavirus pandemic. The largest declines in consumption were recorded for restaurants, cafes, hotels & other accommodation services (-27 percent vs -0.1 percent in February); clothing & footwear (-26.2 percent vs -1.9 percent); furnishings, household equipment & consumables (-13 percent vs 0.8 percent); transport and retail sales & service of motor vehicles (-9.9 percent vs 1.2 percent) and recreation and culture, goods & services (-7.5 percent vs 1.7 percent). In contrast, spending on food & beverages rose faster (4.7 percent vs 0.4 percent).
Household Spending in Sweden averaged 0.15 percent from 2000 until 2020, reaching an all time high of 3.20 percent in October of 2003 and a record low of -5.40 percent in March of 2020. This page provides - Sweden Household Consumption MoM- actual values, historical data, forecast, chart, statistics, economic calendar and news. Sweden Household Consumption MoM - data, historical chart, forecasts and calendar of releases - was last updated on May of 2020. source: Statistics Sweden
Household Spending in Sweden is expected to be -0.60 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 1.00 in 12 months time. In the long-term, the Sweden Household Consumption MoM is projected to trend around 0.50 percent in 2021 and 0.30 percent in 2022, according to our econometric models.