Consumer Confidence

Updated: 27 Nov 2019
Next update: 27 Dec 2019

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 rose slightly month-on-month

The consumer confidence indicator (CCI) stood at -5.0 in November, having been -6.6 in October and -4.2 in September. In last years November, the CCI received the value -1.7. The average for the CCI since January 2018 is -0.7. The data are based on Statistics Finlands Consumer Confidence Survey, to which 1,134 persons resident in Finland responded between 1 and 19 November. The survey methods were revised in May.

Of the four components of the CCI expectations of consumers own and Finlands economy improved slightly in November from October. The views of consumers own current economy remained more or less unchanged. Intentions to spend money on durable goods were somewhat higher in November than one month earlier. Apart from spending, the CCI components were still weak in November, especially views about economic development in Finland.

Compared to the corresponding period last year, consumers assessments about their own economy at the time of the survey improved slightly in November, while intentions to spend money increased. In contrast, expectations on their own and, in particular, Finlands economy weakened over the year.

Statistical release