Swedish household lending accelerated in January 2026, with year-over-year growth rising to 3.0%, according to data updated on 26 February 2026. This marks a clear rebound from December 2025, when household lending growth was flat at 0.0% on an annual basis.
The figures are calculated on a year-over-year basis, comparing each month with the same month a year earlier. December’s reading showed no growth compared to December of the previous year, underscoring a period of stagnation in household credit. In contrast, January’s 3.0% increase versus January a year earlier signals a notable turnaround in borrowing activity among Swedish households.
The shift from zero to positive growth suggests a renewed appetite for credit at the start of 2026, potentially reflecting changing household sentiment or evolving financial conditions. Market participants will be watching upcoming releases closely to see whether this pickup in lending becomes a sustained trend.
