Sweden's household consumption increased 0.8 percent from a month earlier in July of 2019, recovering from a revised flat reading June. Spending rebounded for housing, electricity, gas and heating (0.5 percent vs -0.9 percent in June); furniture, furnishings, household equipment and consumables (2.0 percent vs -1.4 percent); post and telecommunications (4.3 percent vs -1.4 percent) and recreation and culture, goods and services (1.4 percent vs -0.4 percent). On the other hand, consumption fell for retail trade, mostly food and beverages (-0.1 percent vs 1.5 percent) and restaurants, cafes, hotels and other accommodation services (-0.6 percent vs 0.6 percent). On a yearly basis, household consumption increased 4.9 percent, following a 3.0 percent rise in June. Household Spending in Sweden averaged 0.17 percent from 2000 until 2019, reaching an all time high of 3.20 percent in October of 2003 and a record low of -3.80 percent in November of 2003.
Household Spending in Sweden is expected to be 0.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Household Spending in Sweden to stand at -0.60 in 12 months time. In the long-term, the Sweden Household Consumption MoM is projected to trend around 0.40 percent in 2020, according to our econometric models.