Consumer confidence weakened in August
The consumer confidence indicator (CCI) stood
at -5.1 in August, whereas in July it was -1.6 and in June -3.9.
The long-term average for the CCI is -1.8. Last year in August, the
consumer confidence indicator received the value -4.5. The data are
based on Statistics Finlands Consumer Confidence Survey, to
which 1,083 persons resident in Finland responded between 1 and 19
August.
All four components of the consumer confidence indicator
weakened in August when compared to July. Compared to last year's
August, expectations concerning ones own economy were,
however, slightly better, and intentions to spend money were
roughly at the same level. In contrast, views on consumers
own economy at present and expectations concerning Finland's
economic development were worse in August than one year ago.
In August, consumers' views on Finland's economic development
were again very weak. Views concerning the present state of
ones own economy were moderate, but expectations concerning
the near future were fairly bright. In addition, intentions to
spend money on durable goods were at a good level in August.
Statistical release
