A post by @FirstSquawk on X.
SWEDEN (OCT) Household Consumption YoY ACTUAL: 3.3% VS 3.% PREVIOUS
@FirstSquawk on X
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Sweden's household consumption rose 3.3% year over year in October, up from 3.0% in the prior reading, according to First Squawk. The acceleration suggests consumer demand strengthened at the start of the fourth quarter despite a subdued economic backdrop. The figure matters for Riksbank policy expectations, as firmer household spending could complicate the case for near-term rate cuts. Watch upcoming retail sales and inflation prints for confirmation that the pickup is sustained rather than a one-month fluctuation.
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