Household consumption in Sweden fell 1.1 percent from a month earlier in August of 2021, following a 0.8 percent increase in the previous month. It was the first decline in spending since April, amid lower consumption in restaurants, cafes, goods and services (-10.2 percent vs 41.7 percent in July); post & telecommunications (-5.5 percent vs -0.1 percent); transport, retail sales & service of motor vehicles (-2.2 percent vs -0.4 percent) and food & beverages (-0.1 percent vs -1 percent). On the other hand, spending rose faster for clothing & footwear (1.9 percent vs 0.2 percent and recreation and culture, goods and services (0.9 percent vs 0.7 percent), while it rebounded for housing & utilities (0.1 percent vs -0.5 percent) and furniture, furnishings, household equipment and consumables (0.5 percent vs -2.5 percent). On a yearly basis, household consumption grew by 4.6 percent. source: Statistics Sweden

Household Spending in Sweden averaged 0.16 percent from 2000 until 2021, reaching an all time high of 4.30 percent in May of 2021 and a record low of -6.80 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 MoM - data, historical chart, forecasts and calendar of releases - was last updated on October of 2021.

Household Spending in Sweden is expected to be 0.50 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 MoM is projected to trend around 0.50 percent in 2022 and 0.40 percent in 2023, according to our econometric models.

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Sweden Household Consumption MoM


Calendar GMT Actual Previous Consensus TEForecast
2021-09-08 07:30 AM Jul 0.7% 0.3% 0.9%
2021-10-06 07:30 AM Aug -1.1% 0.8% 0.4%
2021-11-10 08:30 AM Sep -1.1%


News Stream
Sweden Household Spending Falls for 1st Time in 4 Months
Household consumption in Sweden fell 1.1 percent from a month earlier in August of 2021, following a 0.8 percent increase in the previous month. It was the first decline in spending since April, amid lower consumption in restaurants, cafes, goods and services (-10.2 percent vs 41.7 percent in July); post & telecommunications (-5.5 percent vs -0.1 percent); transport, retail sales & service of motor vehicles (-2.2 percent vs -0.4 percent) and food & beverages (-0.1 percent vs -1 percent). On the other hand, spending rose faster for clothing & footwear (1.9 percent vs 0.2 percent and recreation and culture, goods and services (0.9 percent vs 0.7 percent), while it rebounded for housing & utilities (0.1 percent vs -0.5 percent) and furniture, furnishings, household equipment and consumables (0.5 percent vs -2.5 percent). On a yearly basis, household consumption grew by 4.6 percent.
2021-10-06
Sweden Household Consumption Rises 0.7% in July
Household consumption in Sweden went up 0.7 percent from a month earlier in July of 2021, after a downwardly revised 0.3 percent increase in the previous month. Spending increased at an accelerated pace in restaurants, cafes, hotels and other accommodation services (41 percent vs 15 percent in June). Moreover, spending rebounded for recreation and culture, goods and services (0.6 percent vs -2 percent); and housing & utilities (0.74 percent vs -1.2 percent). Meanwhile, consumption decreased in: food & beverages ( -1.3 percent vs 1.4 percent); clothing and footwear (-1.2 percent vs 2.7 percent); transport, retail sales & service of motor vehicles (-0.7 percent vs 1.1 percent); and furniture, furnishings, household equipment and consumables (-1.8 percent vs -4.3 percent). On a yearly basis, household consumption grew by 6.4 percent.
2021-09-08
Sweden Household Spending Rises at Slower Pace
Household consumption in Sweden went up 0.5 percent from a month earlier in June of 2021, after a revised record 4.5 percent jump in May. Spending increased less for food & beverages (1.6 percent vs 2.4 percent in May) and transport, retail sales & service of motor vehicles (0.9 percent vs 4 percent); while it fell for furniture, furnishings, household equipment and consumables (-2.6 percent vs 4.7 percent); recreation and culture, goods and services (-2.6 percent vs 4.7 percent) and housing & utilities (-0.1 percent vs -0.7 percent). On a yearly basis, household consumption grew by 7.3 percent.
2021-08-10

Sweden Last Unit Reference Previous Highest Lowest
Retail Sales MoM 0.70 percent Aug/21 -1.20 4.70 -6.80
Retail Sales YoY 6.60 percent Aug/21 5.30 11.50 -7.60
Consumer Spending 563654.00 SEK Million Jun/21 557961.00 579684.00 268680.00
Disposable Personal Income 692195.00 SEK Million Jun/21 607076.00 692195.00 71757.00
Private Sector Credit 6.60 percent Aug/21 6.50 22.70 -3.20
Household Spending -1.10 percent Aug/21 0.80 4.30 -6.80


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).