Swedish households' savings landed at 34 billion kronor during the first quarter and were thus at the lowest level for a first quarter since 2020, writes the Statistical Central Bureau, SCB. It then broke last year's trend when savings increased.
"It was primarily net sales of foreign shares and funds that contributed to the low savings," says Emil Hermansson, national economist at SCB in a press release.
Swedish households sold holdings in investment funds for a total of 1 billion kronor during the quarter.
The world's stock exchanges saw sharp declines in April after US President Donald Trump's tariff announcement, but many of the stock exchanges have recovered after that.
