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Swedish households accounted to be Skr384 billion poorerWednesday, 14 December 2011
Swedish households' net worth, assets minus liabilities, fell in the third quarter with Skr384 billion to Skr7089 billion, according to SEB's savings survey.
Advertisement"Households lost 5 percent of their net worth in the third quarter. Stock exchange collapse caused most of the loss, ” writes the bank's private economist Gunilla Nyström.
During the third quarter, the Stockholm Stock Exchange fell by about 20 percent.
Households continued to increase their loans, but growth continues to slow. The annual rate is the increase in debt is now at 5.5 percent, down from 6.3 percent last quarter. The increase in debt during the quarter, is the lowest percentage quarterly increase since the first quarter of 1998.
Household net assets and liabilities, in the third quarter, billion Skr
|Of which assets||9898|
|Of which liabilities||2809|
|Change in net worth, Q3||- 384|
|Of which assets||- 352|
|Of which liabilities||+ 32|
|New savings, Q3||+ 4|
|Change in value of directly held shares, Q3||- 160|
|Change in value of homes, Q3||- 25|
|Change in value of other, Q3||- 171|
By Scancomark.se Team
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