Monthly indicator of household consumption, May 2023
Household consumption nearly unchanged in May 2023
Statistical news from Statistics Sweden 2023-07-07 8.00
Household consumption decreased by 0.1 percent in May 2023, measured in seasonally adjusted figures, compared with April 2023. Compared with May 2022, household consumption decreased by 1.1 percent, measured in fixed prices and working day adjusted figures. In the last three-month period, consumption decreased by 1.7 percent in fixed prices and working day adjusted figures, compared with the same period a year ago.
Furniture, furnishings, household equipment and consumables accounted for the largest weighted negative contribution to total consumption and decreased by 11.3 percent in fixed prices compared with May a year ago.
The largest weighted positive contribution came from the sector Transport and retail sales and service of motor vehicles which increased by 5.1 percent in fixed prices compared with May 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 2023-08-10 at 08:00.
Statistical Database
More information is available in the Statistical Database
Feel free to use the facts from this statistical news but remember to state Source: Statistics Sweden.