Household consumption in Sweden rose 0.2 percent from a month earlier in April 2019, following a revised 0.1 percent drop in March, led by an increase in retail trade, mostly food and beverages (2 percent vs 0.3 percent in March) and clothing and footwear (3.1 percent vs -2.7 percent). In addition, spending grew on furniture, furnishings, household equipment and consumables (7 percent vs -0.2 percent) and post and telecommunications (5.3 percent vs 1.2 percent). On a yearly basis, household consumption was unchanged in April. 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 -3.80 percent in November of 2003.
Household Spending in Sweden is expected to be -0.70 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 0.90 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.