Consumer confidence continued to erode in October
The consumer confidence indicator (CCI) stood
at -6.9 in October, having been -5.9 in September and -5.1 in
August. In last years October the CCI received the value
-6.6. The long-term average for the CCI is -1.8. The data are based
on Statistics Finlands Consumer Confidence Survey, to which
1,181 persons resident in Finland responded between 1 and 19
October.
Of the four components of the CCI, views concerning the present
state of consumers own economy and also on spending money on
durable goods within one year improved slightly in October from
September. Consumers' expectations concerning their own economy in
12 months remained more or less unchanged, while their expectations
concerning Finland's economy in the near future still weakened
clearly. Compared with the corresponding period last year, the
components of the CCI turned slightly for the worse in October
apart from intentions to spend money.
In October, consumers' views on Finland's economic development
were gloomy. Expectations concerning ones own economy in the
near future were subdued but estimates of its present state were
already fairly bright. Consumers had slightly more intentions of
spending money on durable goods than average in October.
Statistical release
