Household consumption in Sweden went up 0.7 percent from a month earlier in July of 2021, after a downwardly revised 0.3 percent increase in the previous month. Spending increased at an accelerated pace in restaurants, cafes, hotels and other accommodation services (41 percent vs 15 percent in June). Moreover, spending rebounded for recreation and culture, goods and services (0.6 percent vs -2 percent); and housing & utilities (0.74 percent vs -1.2 percent). Meanwhile, consumption decreased in: food & beverages ( -1.3 percent vs 1.4 percent); clothing and footwear (-1.2 percent vs 2.7 percent); transport, retail sales & service of motor vehicles (-0.7 percent vs 1.1 percent); and furniture, furnishings, household equipment and consumables (-1.8 percent vs -4.3 percent). On a yearly basis, household consumption grew by 6.4 percent. source: Statistics Sweden
Household Spending in Sweden averaged 0.16 percent from 2000 until 2021, reaching an all time high of 4.50 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 September of 2021.
Household Spending in Sweden is expected to be -1.20 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.