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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SwedenSweden Household Consumption MM fell to -0.5% in January 2018
FMPMonthlyReleased February 2018
Sweden Household Consumption MM fell to -0.5% in January 2018, released February 2018, down 1.0% from December's 0.5% reading.
Latest Release
-0.500000
Actual
—
Consensus
0.500000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/SEK | ▼ Inverse | −0.50 | FOREX | Bullish SEK | → View |
| USD/SEK | ▼ Inverse | −0.45 | FOREX | Bullish SEK | → View |
| EUR/USD | ▲ Direct | +0.35 | FOREX | Watch | → View |
| DAX | ▲ Direct | +0.35 | INDEX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Household Consumption MM (Sweden) was reported at -0.5% in February 2018. The reading fell from the previous value of 0.5%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with EUR/SEK (Bullish SEK). A secondary relationship exists with USD/SEK, negatively correlated (Bullish SEK).
Auto-generated from current model state · Refreshes on each release · Last update February 2018.
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Household Consumption MM - SE
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About Household Consumption MM — Sweden
DEFINITION
Household Consumption MM is a financial indicator that measures the change in the total amount of goods and services purchased by households on a monthly basis. It provides valuable insights into the spending habits and overall economic activity of households, which are a key driver of economic growth. This indicator is closely monitored by economists and investors as it can impact various sectors of the economy, such as retail, manufacturing, and services. A positive change in Household Consumption MM indicates an increase in consumer spending, which can stimulate economic growth, while a negative change may signal a slowdown in economic activity.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Dec 2017): actual -0.5 %. Prior reading (Nov 2017): 0.5 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print. Current dynamics are the primary tailwind in the projection. This indicator correlates most strongly with EUR/SEK (Bullish SEK, r=-0.50) — a useful reference for forex-focused traders.