Consumer Confidence

Updated: 28 Dec 2020
Next update: 27 Jan 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 almost unchanged in December

The consumer confidence indicator (CCI) stood at -4.6 in December whereas in November it was -4.8 and in October -6.9. Last year in December, the CCI received the value -4.2. The long-term average for the CCI is -1.8. The data are based on Statistics Finlands Consumer Confidence Survey, to which 1,133 persons resident in Finland responded between 1 and 16 December.

There were only minor changes in the components of the CCI in December compared with November. Consumers' intentions to spend money on durable goods decreased slightly in a month. The other three components improved slightly. By contrast, compared to the corresponding period last year, the views on the present state of the own economy weakened clearly and the expectations concerning Finland's economy improved somewhat in December. The other two components, that is, expectations concerning one's own economy and intentions to spend money on durable goods remained unchanged in the year.

In December, consumers' views on Finland's economic development were still gloomy. The other three components were on the long-term average level.

Statistical release