Household consumption in Sweden fell 1.1 percent from a month earlier in August of 2021, following a 0.8 percent increase in the previous month. It was the first decline in spending since April, amid lower consumption in restaurants, cafes, goods and services (-10.2 percent vs 41.7 percent in July); post & telecommunications (-5.5 percent vs -0.1 percent); transport, retail sales & service of motor vehicles (-2.2 percent vs -0.4 percent) and food & beverages (-0.1 percent vs -1 percent). On the other hand, spending rose faster for clothing & footwear (1.9 percent vs 0.2 percent and recreation and culture, goods and services (0.9 percent vs 0.7 percent), while it rebounded for housing & utilities (0.1 percent vs -0.5 percent) and furniture, furnishings, household equipment and consumables (0.5 percent vs -2.5 percent). On a yearly basis, household consumption grew by 4.6 percent. source: Statistics Sweden
Household Spending in Sweden averaged 0.16 percent from 2000 until 2021, reaching an all time high of 4.30 percent in May of 2021 and a record low of -6.80 percent in April of 2020. This page provides - Sweden Household Consumption MoM- actual values, historical data, forecast, chart, statistics, economic calendar and news. Sweden Household Consumption MoM - data, historical chart, forecasts and calendar of releases - was last updated on October of 2021.
Household Spending in Sweden is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Sweden Household Consumption MoM is projected to trend around 0.50 percent in 2022 and 0.40 percent in 2023, according to our econometric models.