Swedish household consumption fell 0.5 percent from the previous month in November 2018, following an upwardly revised 0.2 percent gain in the previous month. It was the first decline in household consumption since July, mainly due to housing and utilities (-3.4 percent from 2.9 percent in October); transport and retail sales and service of motor vehicles (-3.3 percent from 1.2 percent); and restaurants and hotels (-1.4 percent from 3.1 percent). Year-on-year, household consumption advanced 1.4 percent. Household Spending in Sweden averaged 0.17 percent from 2000 until 2018, reaching an all time high of 3.20 percent in October of 2003 and a record low of -3.60 percent in November of 2003.
Household Spending in Sweden is expected to be 1.00 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 0.30 in 12 months time. In the long-term, the Sweden Household Consumption MoM is projected to trend around 0.30 percent in 2020, according to our econometric models.