Consumers view of their own economy improved further in
August
The consumer confidence indicator (CCI) stood
at 4.0 in August, whereas in July it was 4.4 and in June 4.6.
Confidence in the economy continued very strong in August, as the
long-term average of the CCI is -1.7. In the corresponding period
last year, the CCI received the value -5.1. The data are based on
Statistics Finlands Consumer Confidence Survey, to which 971
persons resident in Finland responded between 1 and 19 August.
Of the four components of the CCI, consumers views of
their own economy at present were in August brightest in the entire
measuring history, 1995 to 2021. Expectations of their own economy
in 12 months were also very optimistic. In addition, consumers had
plenty of intentions to spend money on durable goods in the coming
months. Views of the future development of Finlands economy
were also good in August.
Compared to July, expectations concerning one's own economy
improved in August. By contrast, expectations about Finlands
economy weakened in a month. Views of their own economy at present
and intentions to spend money remained more or less unchanged in
August. Compared with August last year, all four components of the
CCI were now even clearly stronger.
Statistical release
