Consumer confidence recovered to some degree in May
In May the consumer confidence indicator (CCI)
stood at -9.0, while in April it was -13.9 and in March -7.1. In
last years May the CCI received the value -1.8. The
long-term average for the CCI is -1.7. The data are based on
Statistics Finlands Consumer Confidence Survey, to which
1,175 persons resident in Finland responded between 1 and 18 May.
Information based on the Consumer Confidence Survey on the economic
and employment effects of the current corona pandemic has also be
published in Statistics Finland's online Tieto&Trendit
periodical.
All four components of the CCI improved in May from the previous
month. However, expectations concerning Finland's economy improved
only slightly. Compared with the corresponding period last year,
all the components weakened.
In May, consumers' views on Finland's economic development were
still gloomy and close to the historical all-time low in 2008 to
2009. By contrast, consumers' assessments of their own economic
situation and especially of its near future were only a little
below the long-term average in May. In addition, intentions to
spend money on durable goods already returned to their average
level in one month.
Statistical release
