Household Spending in Sweden dropped 0.3% year-on-year in November of 2022, the first decline since 2021, led by a 17.1% plunge in furniture, furnishings, household equipment and consumables. On the other hand, transport and retail sales and service of motor vehicles made the biggest upward contribution (up 6.2%). source: Statistics Sweden

Household Spending in Sweden averaged 1.89 percent from 2001 until 2022, 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 January of 2023.

Household Spending in Sweden is expected to be -1.30 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, according to our econometric models.

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Sweden Household Consumption YoY

Calendar GMT Actual Previous Consensus TEForecast
2022-12-07 07:00 AM Oct 0% 1.5% 1.7%
2023-01-10 07:00 AM Nov -0.3% 0.0% -0.6%
2023-02-08 07:00 AM Dec -0.3% -0.8%

Related Last Previous Unit Reference
Retail Sales MoM -1.80 1.50 percent Dec 2022
Retail Sales YoY -8.00 -7.00 percent Dec 2022
Consumer Spending 616450.00 617476.00 SEK Million Sep 2022
Disposable Personal Income 635212.00 711190.00 SEK Million Sep 2022
Private Sector Credit 4.28 4.67 percent Nov 2022
Household Spending -0.30 0.00 percent Nov 2022

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
-0.30 0.00 10.70 -11.10 2001 - 2022 percent Monthly