Finland: consumer confidence index 2023

Consumer confidence in Finland remained weak throughout the period from May 2020 to March 2021. In November 2021, the consumer confidence index (CCI) in Finland stood at 1.2, remaining positive as in the previous month. Consumer's expectations of Finland's economic development dropped again in April 2020 due to the coronavirus (COVID-19) pandemic. However, consumers still considered their own financial situation to be good.
Since December 2021 the consumer confidence index (CCI) shows a negative trend, declining to -18.3 in September 2022, which marks the weakest level in the observed time period. In November 2022, the consumer confidence index was -16,9. Since than the consumer confidence index (CCI) increased again, reachin -8.8 in May 2023.

The Consumer Confidence Index (CCI) expresses consumers’ sentiments, expectations, and intentions related to economic matters.

Consumer confidence indicator (CCI) in Finland monthly from May 2020 to May 2023

Characteristic	Consumer confidence indicator
May 23	-8.8
Apr 23	-7.9
Mar 23	-10.8
Feb 23	-11.9
Jan 23	-12.7
Dec 22	-18.5
Nov 22	-16.9
Oct 22	-17.6
Sep 22	-18.3
Aug 22	-14.9
Jul 22	-15.9
Jun 22	-14.3
May 22	-11.6
Apr 22	-11.7
Mar 22	-10.5
Feb 22	0.5
Jan 22	-1.7
Dec 21	-3.5
Nov 21	1.2
Oct 21	2.7
Sep 21	6
Aug 21	4
Jul 21	4.4
Jun 21	4.6
May 21	2.7
Apr 21	3.8
Mar 21	-3
Feb 21	-0.8
Jan 21	-0.9
Dec 20	-4.6
Nov 20	-4.8
Oct 20	-6.9
Sep 20	-5.9
Aug 20	-5.1
Jul 20	-1.6
Jun 20	-3.9
May 20	-9

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Release date

May 2023

More information

Region

Finland

Survey time period

May 2020 to May 2023

Method of interview

Computer-assisted telephone interviews (CATI)

Supplementary notes

The source adds the following information: "The Consumer Confidence Survey measures Finnish consumers’ confidence in the economy, that is, views and expectations about the development of their own and Finland’s general economic situation. The survey also examines consumers' intentions of making major purchases, saving and raising loans."

"The balance figures are obtained by deducting the weighted proportion of negative answers from that of positive answers. The consumer confidence indicator (CCI/A1) is the average of the balance figures for the CCI components. The components of the CCI are: consumer's own economy now (B1), consumer's own economy in 12 months (B2), Finland's economy in 12 months (B4) and consumer's spending money on major purchases in the next 12 months compared to the past 12 months (E1). 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."

"Each month, the target is a random sample of about 2,200 persons, of whom one half are first-timers and one half participate for the second time. "

The results have been weighted to represent the entire population.

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