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.

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Sweden Household Consumption MoM

Actual Previous Highest Lowest Dates Unit Frequency
-5.40 0.40 3.20 -5.40 2000 - 2020 percent Monthly
2010=100, SA


Calendar GMT Actual Previous Consensus TEForecast
2020-02-07 08:30 AM Dec 0.5% 0.1% 0.3%
2020-03-10 08:30 AM Jan -0.2% 0.4% -0.6%
2020-04-08 07:30 AM Feb 0.4% -0.3% 0.7%
2020-05-08 07:30 AM Mar -5.4% 0.4% -0.9%
2020-06-10 07:30 AM Apr -5.4%
2020-07-09 07:30 AM May
2020-08-10 07:30 AM Jun -0.6%
2020-09-10 07:30 AM Jul


News Stream
Sweden Household Consumption Slumps the Most on Record
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 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).
2020-05-08
Sweden Household Consumption Rebounds
Sweden's household consumption increased 0.4 percent from a month earlier in February 2020, up from an upwardly revised 0.3 percent in January. Spending rebounded for food and beverages (0.5 percent vs -0.6 percent in January); housing, electricity, gas & heating (1.3 percent vs -1.1 percent) and transport and retail sales and service of motor vehicles (1.5 percent vs 0.5 percent). On the other hand, there were declines in consumption of restaurants, cafes, hotels and other accommodation services (-0.2 percent vs 1.7 percent); clothing and footwear (-3 percent vs 2.4 percent) and post and telecommunications (-3.2 percent vs -6.3 percent).
2020-04-08
Swedish Household Consumption Drops in January
Sweden's household consumption fell 0.2 percent from a month earlier in January 2020, following a downwardly revised 0.4 percent growth in December, due to lower spending on food and beverages (-0.5 percent vs 0.3 percent), housing, electricity, gas and heating (-1.8 percent vs -0.8 percent), transport and retail sales and service of motor vehicles (-2.9 percent vs 4.1 percent), and on post and telecommunications (-3.2 percent vs 4.0 percent).
2020-03-10
Swedish Household Consumption Picks Up
Sweden's household consumption rose 0.5 percent from a month earlier in December 2019, following an upwardly 0.1 percent increase in November. Spending advanced faster for furniture, furnishings, household equipment and consumables (1.5 percent vs 0.4 percent in November); transport and retail sales and service of motor vehicles (3.7 percent vs a flat reading) and recreation and culture, goods and services (0.7 percent vs 0.3 percent). In addition, consumption rebounded for retail trade, mostly food and beverages (0.7 percent vs -0.2 percent) while that of post and telecommunications slowed (3.5 percent vs 11.3 percent). On the other hand, there were declines in consumption of housing, electricity, gas and heating (-1.0 percent vs flat reading); retail trade, clothing and footwear (-1.8 percent vs -0.6 percent) and restaurants, cafes, hotels and other accommodation services (-0.6 percent vs 0.1 percent).
2020-02-07

Sweden Household Consumption MoM
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).