Consumer Confidence

Updated: 27 Jul 2020
Next update: 27 Aug 2020

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.

   

Consumer confidence exceeded its average – large purchases are tempting

The consumer confidence indicator (CCI) stood at -1.6 in July, having been -3.9 in June and -9.0 in May. The long-term average for the CCI is -1.8. Last year in July, the CCI received the value -3.9. The data are based on Statistics Finlands Consumer Confidence Survey, to which 1,034 persons resident in Finland responded between 1 and 19 July.

Of the four components of the CCI, expectations of ones own and Finlands economy strengthened in July compared to June. In addition, intentions to spend money on durable goods increased. Views concerning consumers own economy at present remained unchanged. Also compared with the corresponding period last year, expectations concerning the economy were now brighter and consumption intentions were higher. By contrast, views on the present state of the own economy were worse in July than one year earlier.

In July, consumers' views on Finland's economic development were still weak. By contrast, expectations concerning the near future of one's own economy were already fairly bright, and the views of its present state corresponded to the long-term average views. In addition, consumption intentions were already on a good level in July.

Statistical release