Monthly indicator of household consumption, August 2023
Household consumption increased in August 2023
Statistical news from Statistics Sweden 2023-10-10 8.00
Household consumption increased by 0.5 percent in August 2023, measured in seasonally adjusted figures, compared with July 2023. Compared with August 2022, household consumption increased by 0.6 percent, measured in fixed prices and working day adjusted figures. In the last three-month period, consumption decreased by 0.1 percent in fixed 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 4.8 percent in fixed prices compared with August a year ago.
Housing, electricity, gas and heating accounted for the largest weighted negative contribution to total consumption and decreased by 2.5 percent in fixed prices compared with August 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 2023-11-10 at 08:00.
Statistical Database
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