FX.co ★ Swedish Household Confidence Takes a Downturn in January 2025

Sweden’s household confidence index has taken a notable downturn at the start of 2025, with figures revealing a significant drop from 0.70% in December 2024 to just 0.10% in January 2025. This data, which was updated on March 10, 2025, reflects a sobering shift in sentiment compared to the same period last year, marking a challenging start to the year for Swedish consumers.

The year-over-year comparison highlights the stark change in household confidence, signifying potential caution among Swedish households as they navigate economic conditions in the New Year. Last year, the figures suggested more optimism at the outset of 2024, eventually resting at a relatively healthy level of 0.70% in December.

As Sweden’s economy moves forward in 2025, this decline hints at households becoming more wary of economic uncertainties, potentially impacting consumption patterns in the months to come. Economists and policymakers will be closely monitoring these trends, looking to unveil the drivers behind this change and how it might influence Sweden's broader economic outlook.