Consumer Confidence

Updated: 27 Jan 2020
Next update: 27 Feb 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 almost unchanged in January

The consumer confidence indicator (CCI) stood at -4.6 in January, having been -4.2 in December and -5.0 in November. Last year in January, the CCI received the value -2.4. The long-term average for the CCI is -1.7. The data are based on Statistics Finlands Consumer Confidence Survey, to which 1,063 persons resident in Finland responded between 1 and 19 January. The long time series of the statistics on consumer confidence starting from 1995 have now been republished as level revised and reviewed during December to January: 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 their spending money on durable goods weakened somewhat in January compared to December. In turn, their expectations concerning the near future of their own and Finland's economy improved slightly. Compared with the corresponding period last year, the components of the CCI weakened apart from increased intentions to spend money.

In January, consumers image of their own economy was altogether good, while their views concerning spending money and especially about economic development in Finland were weak.

Statistical release