Consumer Confidence

Updated: 27 Aug 2021
Next update: 27 Sep 2021

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 view of their own economy improved further in August

The consumer confidence indicator (CCI) stood at 4.0 in August, whereas in July it was 4.4 and in June 4.6. Confidence in the economy continued very strong in August, as the long-term average of the CCI is -1.7. In the corresponding period last year, the CCI received the value -5.1. The data are based on Statistics Finlands Consumer Confidence Survey, to which 971 persons resident in Finland responded between 1 and 19 August.

Of the four components of the CCI, consumers views of their own economy at present were in August brightest in the entire measuring history, 1995 to 2021. Expectations of their own economy in 12 months were also very optimistic. In addition, consumers had plenty of intentions to spend money on durable goods in the coming months. Views of the future development of Finlands economy were also good in August.

Compared to July, expectations concerning one's own economy improved in August. By contrast, expectations about Finlands economy weakened in a month. Views of their own economy at present and intentions to spend money remained more or less unchanged in August. Compared with August last year, all four components of the CCI were now even clearly stronger.

Statistical release