Monthly indicator of household consumption, October 2023
Household consumption nearly unchanged in October 2023
Statistical news from Statistics Sweden 2023-12-08 8.00
Household consumption increased by 0.1 percent in October 2023, measured in seasonally adjusted figures, compared with September 2023. Compared with October 2022, household consumption decreased by 0.2 percent, measured in constant prices and working day adjusted figures. In the last three-month period, consumption decreased by 0.2 percent in constant prices and working day adjusted figures, compared with the same period a year ago.
The largest weighted positive contribution came from the sector Transport and retail sales and service of motor vehicles which increased by 4.4 percent in constant prices compared with October a year ago.
Restaurants, cafes, hotels and other accommodation services accounted for the largest weighted negative contribution to total consumption and decreased by 4.8 percent in constant prices compared with October a year ago.
To consider:
Under present circumstances with broad price increases on consumer goods, consumption patterns may change. Consumers may choose cheaper alternatives for goods that have become more expensive. This might lead to an underestimation of household consumption measured in fixed prices. This might mostly be a concern for the sector Retail trade, mostly food and beverages, but can also be a factor within other sectors.
Next publishing will be
The next statistical news in this series is scheduled for publication on 2024-01-10 at 08:00.
Statistical Database
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