Sweden Consumer Morales Hits 8-Month Low

Sweden’s household confidence indicator increased to 93.6 in June 2026, picking up from an upwardly revised 92.8 in the previous month. Confidence was supported by a more optimistic assessment of Sweden's economy, both over the past year and for the year ahead. However, views on households' own financial situation and willingness to make major purchases were unchanged, with consumers remaining more pessimistic about their personal finances than the broader economy. Households continued to expect unemployment to rise over the next 12 months (31 vs 27 in May), although concerns about losing their own jobs eased to the historical average (-6 vs -3). Meanwhile, saving intentions remained relatively strong (47 vs 46), while plans to reduce purchases of capital goods persisted (-18 vs -15). Inflation expectations for the next 12 months declined to 7.0%, and households expected variable mortgage rates to average 3.7% over the next one to two years and 3.9% over the next five years.

Sweden’s household confidence indicator rose to 92.4 in May 2026, picking up from a revised eight-month low of 91.7 in the previous month. Households became more optimistic about their finances over the next twelve months (7 vs 5 in April), while sentiment toward the broader Swedish economy remained unchanged (-23). Concerns about unemployment over the same period also eased (26 vs 32), and attitudes toward purchasing capital goods turned less pessimistic (-15 vs -17). On the other hand, expectations for personal savings in the coming year edged lower (46 vs 47). On prices, households expected lower inflation over the next twelve months (7.4% vs 7.5%), while their assessment of inflation over the past year moderated (10.3% vs 11.2%). Meanwhile, the variable mortgage interest rate is expected to stand at 3.8% over both the one- and two-year horizons, while the five-year expectation is slightly lower at 3.7%.

Sweden’s household confidence indicator fell to 91.5 in April 2026 from 95.2 in the previous month, marking its lowest level since August 2025. Households grew slightly less optimistic about their personal finances over the next twelve months (5 vs 8 in March), while views on the broader Swedish economy deteriorated more sharply (-24 vs -17). In addition, concerns over unemployment intensified (32 vs 19), and attitudes toward purchasing capital goods became more negative (-16 vs -11). Meanwhile, expectations for personal savings over the coming year improved (47 vs 44). On prices, households now anticipate higher inflation over the next twelve months (6.8% vs 6.4%), while their assessment of inflation over the past year edged up (11.2% vs 11).