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Monthly indicator of household consumption, July 2021

Household consumption increased in July 2021

Statistical news from Statistics Sweden 2021-09-08 9.30

Household consumption increased by 0.7 percent in July 2021 compared with June 2021, measured in seasonally adjusted figures, calculated in fixed prices and working day adjusted. Compared with July 2020, household consumption increased by 6.4 percent, measured in fixed prices and working day adjusted figures. In the last three-month period, consumption increased by 8.2 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 restaurants, cafes, hotels and other accommodation services, which increased by 28.8 percent in fixed prices compared with July a year ago.

Other goods and services accounted for the largest weighted negative contribution to total consumption and decreased by 7.2 percent in fixed prices compared with July a year ago.

“Household consumption of hotel and restaurant services increased sharply in July. Preliminary figures show that households spent 41 percent more than a month ago, taking seasonal effects into account, and 13 percent more than in July 2019,” says Thorsten Holzer, statistician at Statistics Sweden.

The COVID-19 outbreak started to significantly impact household consumption in March 2020, which should be taken into account when comparing annual development statistics.

Prices increased by 1.3 percent according to the consumption deflator.

Seasonally adjusted monthly development

Working-day adjusted annual development

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2021-10-06 at 09:30

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Thorsten Holzer

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