The Swedish consumer confidence indicator dropped to 96.4 in December 2018 from a downwardly revised 96.8 in November and missing market expectations of 99. It is the third consecutive decrease in consumer confidence and the steepest since May 2016, mainly due to a more pessimistic view of the general economic situation (-14 from -5 in November) and financial situation (71 from 75). In addition, declines were seen in expectations over the next 12 months for the country's economic situation (-23 from -15) and saving capacity (61 from 64). Also, consumers were much more worried about unemployment levels (11 from -3). Consumer Confidence in Sweden averaged 96.69 Index Points from 1993 until 2018, reaching an all time high of 122.10 Index Points in March of 2000 and a record low of 43.30 Index Points in January of 1993.
Consumer Confidence in Sweden is expected to be 100.90 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 102.00 in 12 months time. In the long-term, the Sweden Consumer Confidence is projected to trend around 103.00 Index Points in 2020, according to our econometric models.