Consumer Confidence

Updated: 27 Aug 2020
Next update: 28 Sep 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 weakened in August

The consumer confidence indicator (CCI) stood at -5.1 in August, whereas in July it was -1.6 and in June -3.9. The long-term average for the CCI is -1.8. Last year in August, the consumer confidence indicator received the value -4.5. The data are based on Statistics Finlands Consumer Confidence Survey, to which 1,083 persons resident in Finland responded between 1 and 19 August.

All four components of the consumer confidence indicator weakened in August when compared to July. Compared to last year's August, expectations concerning ones own economy were, however, slightly better, and intentions to spend money were roughly at the same level. In contrast, views on consumers own economy at present and expectations concerning Finland's economic development were worse in August than one year ago.

In August, consumers' views on Finland's economic development were again very weak. Views concerning the present state of ones own economy were moderate, but expectations concerning the near future were fairly bright. In addition, intentions to spend money on durable goods were at a good level in August.

Statistical release