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
