Household consumption in Sweden fell by 1.1% month-over-month in March of 2023, following a revised 0.8% decrease in February. Compared to the previous year, household spending declined 4%, mainly due to a 7.8% slump in food and beverages. On the other hand, housing, electricity, gas and heating made the biggest upward contribution (+2.1%). source: Statistics Sweden

Household Spending MoM in Sweden averaged 0.15 percent from 2000 until 2023, reaching an all time high of 3.50 percent in June of 2020 and a record low of -6.40 percent in April of 2020. This page includes a chart with historical data for Sweden Household Spending MoM. Sweden Household Spending MoM - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.

Household Spending MoM in Sweden is expected to be -0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Sweden Household Spending MoM is projected to trend around 0.30 percent in 2024 and 0.50 percent in 2025, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Sweden Household Spending MoM



Calendar GMT Actual Previous Consensus TEForecast
2023-04-06 06:00 AM Feb -0.5% 0.8% 0.3%
2023-05-10 06:00 AM Mar -1.1% -0.5% -0.4%
2023-06-09 06:00 AM Apr -1.1% 0.7%

Sweden Household Spending MoM
Household consumption is an important indicator for the business cycle because it accounts for 47 percent of the total Gross Domestic Product (GDP) in Sweden.
Actual Previous Highest Lowest Dates Unit Frequency
-1.10 -0.80 3.50 -6.40 2000 - 2023 percent Monthly
SA

News Stream
Sweden Household Spending Falls 0.5%
Household consumption in Sweden fell by 0.5% month-over-month in February of 2023, following an upwardly revised 0.8% rise in January. Compared to the previous year, household spending declined 1.4%, mainly due to a 7.7% slump in food and beverages. On the other hand, restaurants, cafes, hotels & other accommodation services made the biggest upward contribution (+10.4%).
2023-04-06
Sweden Household Spending Rises 0.5%
Household consumption in Sweden rose by 0.5% month-over-month in January of 2023, following a 0.8% decline in November. Compared to the previous year, household spending increased 0.5%, the first rise since October 2022, mainly due to a 24.8% jump in restaurants, cafes, hotels & other accommodation services. On the other hand, retail trade, mostly food and beverages made the biggest downward contribution (-4%).
2023-03-09
Sweden Household Spending Drops 0.8%
Household consumption in Sweden fell by 0.8% month-over-month in December of 2022, following a downwardly revised flat reading in November. It was the steepest decline since July 2022. Compared to the previous year, household spending dropped 1.8%, and marking the second consecutive month of decline, mainly due to a 4.7% plunge in food and beverages. On the other hand, transport and retail sales and service of motor vehicles made the biggest upward contribution (+ 5%).
2023-02-08