Consumer confidence has fallen slightly – inflation
acceleration in sight
The consumer confidence indicator (CCI) stood
at 1.2 in November, having been 2.7 in October and 6.0 in
September. In last years November the CCI received the value
-4.8. The long-term average for the CCI is -1.7. The data are based
on Statistics Finlands Consumer Confidence Survey, to which
1,029 persons resident in Finland responded between 1 and 18
November.
Of the four components of the CCI, consumers views of
their own economy at present were very bright in November. In
addition, consumers had plenty of intentions to buy durable goods.
Expectations of their own economy in 12 months were also fairly
bright. The estimate on the development of Finland's economy in the
next few months corresponded to the long-term average in
November.
Compared to October, expectations of consumers own and,
in particular, Finlands economy weakened in November. The
other two components improved slightly. Compared to November last
year, all components were now on a better level, especially
expectations concerning Finlands economy in 12 months.
Statistical release
