Consumer Confidence

Updated: 29 Jul 2019
Next update: 27 Aug 2019
Description of indicator

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 negative in July

The consumer confidence indicator (CCI) stood at -3.9 in July, having been -4.6 in June and -1.8 in May. Last year in July, the CCI received the value 2.5. The average for the CCI since January 2018 is 0.3. The data are based on Statistics Finlands Consumer Confidence Survey, to which 1,050 persons resident in Finland responded between 1 and 19 July. The survey methods were revised in May.

Of the four components of the CCI, only expectations concerning Finland's economy weakened in July from June. The other components improved slightly. Expectations concerning Finlands economy were very pessimistic. At the same time, views on consumers own economic situation now and in the future were subdued. Intentions to spend money on durable goods were clearly higher than average in July.

Compared with the corresponding period last year, all the components of the CCI apart from spending weakened. Especially expectations concerning Finland's economy plummeted over the year.

Statistical release