Consumer Confidence

Updated: 27 Sep 2019
Next update: 28 Oct 2019

The Consumer Confidence is a telephone interview survey by means of which it is possible to measure Finns’ images of the general economic development and the financial situation of one's own household and intentions to make major purchases, save money or take out a loan.

The consumer confidence indicator is the average of the balance figures for the CCI components. The balance figures and the confidence indicator can range between -100 and +100 – the higher (positive) balance figure, the brighter the view on the economy.

   

Consumers estimates about economic growth and unemployment ever gloomier

Consumers confidence in the economy remained almost unchanged in September. The consumer confidence indicator (CCI) stood at -4.2 in September, having been -4.5 in August and -3.9 in July. Last year in September, the CCI received the value 1.5. The average for the CCI since January 2018 is -0.2. The data are based on Statistics Finlands Consumer Confidence Survey, to which 1,012 persons resident in Finland responded between 1 and 18 September. The survey methods were revised in May.

Of the four components of the CCI, expectations on the development of Finlands economy became still gloomier in September. In turn, the assessment concerning consumers own current economic situation and also the situation in the near future improved compared to August. However, the expectations remained subdued. In September, consumers intentions to spend money on durable goods increased slightly and there were more such intentions than average.

Compared with the corresponding period last year, the expectations on both the own and Finlands economy weakened in September. The view on Finlands economy absolutely plummeted over the year. The other components of the CCI improved slightly.

Statistical release