The Finnish consumer confidence indicator increased to -4.2 in December 2019 from -5.0 in the previous month. This was the strongest consumer confidence since September, as improvement were seen in households' views on country's economic outlook (-15.6 vs -19.7 in November); assessment over the country's current economy (-14.7 vs -16.0); and expectations on unemployment (-10.2 vs -12.9). Also, intentions to spend money on durable goods were higher than average in November (16.5 vs15.1). Meantime, both of households' views on own economy (8.5 vs 9.0) and expectations on saving possibilities (47.3 vs 50.5) weakened. Consumer Confidence in Finland averaged 11.17 points from 1995 until 2019, reaching an all time high of 24.10 points in May of 2017 and a record low of -6.60 points in October of 2019. source: Statistics Finland
Consumer Confidence in Finland is expected to be -5.70 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Confidence in Finland to stand at -2.60 in 12 months time. In the long-term, the Finland Consumer Confidence is projected to trend around 1.00 points in 2020, according to our econometric models.