Sweden's Household Consumption y/y reflects a change in the market value of all goods and services, including durable goods (home appliances, cars, etc.), purchased by Swedish households in the reported month compared to the same month a year ago. Year-over-year estimation of consumption changes enables the assessment of long-term consumption trends.
Household consumption is an important part of expenditure-based GDP and is a power that pushes economic growth. Therefore, higher than expected readings can be seen as positive for SEK quotes.
