Consumer confidence in Sweden edged up to 94 in March 2019 from an upwardly revised 93.0 in the prior month, slightly above market expectations of 93.0. It is the highest reading since December, as consumers assessed more positively the present situation (73 from 70 in February) and savings propensity increased (58 from 54). Meantime, prospects about the outlook of the Swedish economy over the next 12 months (-22) and major purchases intentions (-9) remained unchanged. On the other hand, concerns regarding unemployment (19 from 18) rose and consumers were slightly less optimistic about the financial situation of the household in the year ahead (16 from 17). Consumer Confidence in Sweden averaged 96.71 Index Points from 1993 until 2019, reaching an all time high of 122.20 Index Points in March of 2000 and a record low of 43.10 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.