Monthly indicator of household consumption, June 2023
Household consumption nearly unchanged in June 2023
Statistical news from Statistics Sweden 2023-08-10 8.00
Household consumption decreased by 0.1 percent in June 2023, measured in seasonally adjusted figures, compared with May 2023. Compared with June 2022, household consumption decreased by 1.7 percent, measured in fixed prices and working day adjusted figures. In the second quarter of 2023, consumption decreased by 1.4 percent in fixed prices and working day adjusted figures, compared with the same period a year ago.
The largest weighted negative contribution came from the sector Housing, electricity, gas and heating which decreased by 2.6 percent in fixed prices compared with June a year ago.
Post and telecommunications accounted for the largest weighted positive contribution to total consumption and increased by 12.5 percent in fixed prices compared with June 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 2023-09-08 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.