Consumer Confidence

Updated: 27 May 2021
Next update: 28 Jun 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 remained on strong level in May

In May the consumer confidence indicator (CCI) stood at 2.7, while in April it was 3.8 and in March -3.0. In last years May the CCI received the value -9.0. The long-term average for the CCI is -1.8. The data are based on Statistics Finlands Consumer Confidence Survey, to which 990 persons resident in Finland responded between 1 and 19 May.

Of the four components of the CCI, only expectations regarding Finland's economy improved in May from April. Expectations concerning consumers own economy remained almost unchanged. The other components weakened in a month. Compared to last years May, all four components of the CCI were now clearly on a better level.

Of the components of the CCI, consumers' expectations concerning their own economy and intentions to spend money on durable goods were very strong in May. The estimates concerning the future development of Finlands economy were also fairly bright. In May, consumers views on the present state of their own economy were on the long-term average level.

Statistical release