Consumer confidence in Sweden declined to 92 in January of 2019 from a downwardly revised 96.1 in December and well below market expectations of 96. It is the lowest reading since December of 2013, as consumers were particularly pessimistic about the outlook for the Swedish economy over the next 12 months (-29 compared to -24 in December) and the financial situation of the household in the year ahead (17 from 21). Also, consumers were much more worried about unemployment levels (22 from 15); prospects for making major purchases in the next twelve months declined (-10 from -9); and savings propensity also fell (58 from 60). Consumer Confidence in Sweden averaged 96.70 Index Points from 1993 until 2019, reaching an all time high of 122.10 Index Points in March of 2000 and a record low of 43.20 Index Points in January of 1993.
Consumer Confidence in Sweden is expected to be 91.20 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Confidence in Sweden to stand at 99.10 in 12 months time. In the long-term, the Sweden Consumer Confidence is projected to trend around 102.00 Index Points in 2020, according to our econometric models.