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Swedish Trade: No Signs of Increased Consumption

» Updated: 02 October 2024, 24:41

» Published: 01 October 2024

Swedish Trade: No Signs of Increased Consumption
Photo: Caisa Rasmussen/TT

Lower inflation and interest rates are affecting retailers' views on the future in a positive direction, according to the trade organization Svensk Handel's monthly Trade Barometer. However, consumption is not increasing, according to the measurement.

"It is clear that a longer period of low inflation and interest rate cuts makes retailers dare to believe in a brighter future again," says Sofia Larsen, CEO of Svensk Handel in a written comment.

"However, there are no signs of increased household consumption yet, which suggests that the road back may be long," she adds.

Swedish retailers in all sub-sectors saw a slightly brighter outlook for the next three months in September than they did in the previous barometer.

For e-commerce, the future indicator has even climbed above the 100-line, while it is still below the "neutral value" for physical stores and wholesale trade.

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By TTThis article has been altered and translated by Sweden Herald

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