Consumer Confidence

Updated: 29 Mar 2021
Next update: 27 Apr 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.

   

Consumer confidence weakened slightly – strong confidence in their own economy

The consumer confidence indicator (CCI) stood at -3.0 in March, having been -0.8 in February and -0.9 in January. In last year’s March, the CCI received the value -7.1. The long-term average for the CCI is -1.8. The data are based on Statistics Finland’s Consumer Confidence Survey, to which 1,080 persons resident in Finland responded between 1 and 21 March.

Of the four components of the CCI, only the estimate concerning consumers’ own economy at present improved in March from February. Consumers' expectations concerning their own economy in 12 months remained unchanged. By contrast, expectations concerning Finland's economy weakened clearly now. Consumers' intentions to spend money on durable goods within one year decreased slightly in March.

Compared with last year's March, the assessment of one's own economy at present was worse this time. The other three components of the CCI improved clearly in a year.

In March, consumers' expectations concerning the development of their own economy were very bright in the coming twelve months and they had fairly plenty of intentions to spend money on durable goods. By contrast, expectations concerning Finland's economy were poor for a change. An estimate of the present state of one's own economy at present represented the long-term average level in March.