Consumer confidence weakened in March – trust in own
economy
The consumer confidence indicator (CCI) stood
at -7.1 in March, having been -4.5 in February and -4.6 in January.
In last years March, the CCI received the value -2.3. The
long-term average for the CCI is -1.7. The data are based on
Statistics Finlands Consumer Confidence Survey, to which
1,053 persons resident in Finland responded between 2 and 19 March.
The majority of responses were received before 13 March,
that is, prior to the Governments restrictive measures
related to the coronavirus pandemic. Statistics Finland will
publish actual inquiry data on the economic effect of the pandemic
during April .
In March, of the four components of the CCI, expectations
concerning Finland's economy weakened clearly and intentions to
acquire durable goods decreased compared with February. In
contrast, views on ones own economy at present and in the
near future improved somewhat. Compared with the corresponding
period last year, the components of the CCI weakened apart from
intentions to spend money that increased slightly in a year.
In March, consumers image of their own economy was
altogether good, while their views concerning spending money were
average and about economic development in Finland gloomy.
Statistical release
