Consumer Confidence

Updated: 27 Dec 2019
Next update: 27 Jan 2020

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 weak but rose slightly

The consumer confidence indicator (CCI) stood at -4.2 in December whereas in November it was -5.0 and in October -6.6. Last year in December, the CCI received the value -2.2. The average for the CCI since 1998 is -1.9. The data are based on Statistics Finlands Consumer Confidence Survey, to which 1,060 persons resident in Finland responded between 1 and 16 December. The long time series of the statistics on consumer confidence have now been republished as level revised: database tablesandfigures. More information about the level revision can be found in thereviewof the release .

Of the four components of the CCI consumers views of their own current economy and the near future of Finlands economy improved in December compared to November. Expectations concerning consumers own economic situation remained almost unchanged. Consumers intentions to spend money on durable goods were somewhat lower in December than one month earlier. Compared to the corresponding period last year, the components of the CCI weakened apart from increased intentions to spend money.

In December, the views of consumers own current economy were good and views about economic development in Finland were weak. The other CCI components were at average levels.

Statistical release