Consumer Confidence

Updated: 29 Nov 2021
Next update: 27 Dec 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 has fallen slightly – inflation acceleration in sight

The consumer confidence indicator (CCI) stood at 1.2 in November, having been 2.7 in October and 6.0 in September. In last years November the CCI received the value -4.8. The long-term average for the CCI is -1.7. The data are based on Statistics Finlands Consumer Confidence Survey, to which 1,029 persons resident in Finland responded between 1 and 18 November.

Of the four components of the CCI, consumers views of their own economy at present were very bright in November. In addition, consumers had plenty of intentions to buy durable goods. Expectations of their own economy in 12 months were also fairly bright. The estimate on the development of Finland's economy in the next few months corresponded to the long-term average in November.

Compared to October, expectations of consumers own and, in particular, Finlands economy weakened in November. The other two components improved slightly. Compared to November last year, all components were now on a better level, especially expectations concerning Finlands economy in 12 months.

Statistical release