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.

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Finland Consumer Confidence

Actual Previous Highest Lowest Dates Unit Frequency
-4.20 -5.00 24.10 -6.60 1995 - 2019 points Monthly



Calendar GMT Actual Previous Consensus TEForecast
2019-09-27 05:00 AM Sep -4.2 -4.5 -5.2
2019-10-28 06:00 AM Oct -6.6 -4.2 -4.7
2019-11-27 06:00 AM Nov -5.0 -6.6 -5.3
2019-12-27 06:00 AM Dec -4.2 -5.0 -5.7
2020-01-27 06:00 AM Jan -4.2


News Stream
2019-11-27
Finnish Consumer Morale Improves in November
The Finnish consumer confidence indicator increased to -5.0 in November 2019 from -6.6 in the previous month. Both of households' views on own economy (9.0 vs 7.4) and judgment over the country's economic outlook (-19.7 vs -22.5) improved. Also, improvement were seen in expectations on saving possibilities (50.5 vs 47.7). Meantime, intentions to spend money on durable goods were lower than average in October (15.1 vs16.5) and deterioration were seen in their assessment over the country's current economy (-16.0 vs -15.9) while expectations on unemployment weakened (-12.9 vs -11.8).

2019-10-28
Finnish Consumer Morale Falls to Record Low
The Finnish consumer confidence indicator declined to -6.6 in October 2019 from -4.2 in the previous month. This was the weakest consumer confidence on record, amid a further deterioration in the country's economic outlook (-22.5 vs -20.7 in September) and current opinion about economic situation (-15.9 vs -14.9). Also, intentions to spend money on durable goods were lower than average in September (-16.5 vs -12.6). Meanwhile, consumers expect that the unemployment situation will soften in the future (-11.8 vs -12.2). The survey method was revised in May this year.

2019-09-27
Finnish Consumer Morale Improves in September
The Finnish consumer confidence indicator increased to -4.2 in September 2019 from -4.5 in the previous month, as intentions to spend money on durable goods were higher than average in August (-12.6 vs -14.4) and improvement were seen in households' views on own economy (8.5 vs 6.5). Meanwhile, both of their assessment over the country's current economy (-14.9 vs -7.2 in August) and judgment over the country's economic outlook (-20.7 vs -15.7) weakened. Also, the expectations on unemployment decreased (-12.2 vs -5.3).

2019-08-27
Finnish Consumer Morale Weakens in August
The Finnish consumer confidence indicator declined to -4.5 in August 2019 from -3.9 in the previous month, as the expectations on the country's economy were very pessimistic, while the views on consumers’ own economy both now and in the future were subdued. Meanwhile, the assessment concerning consumers’ own current economic situation improved and intentions to spend money on durable goods were slightly higher than average in August.

2019-07-29
Finnish Consumer Morale Improves in July
The Finnish consumer confidence indicator rose to -3.9 in July 2019 from -4.6 in the previous month. Improvements were seen in households' views on own economy (7.6 vs 6.3 in June) and their own financial conditions (30.1 vs 26.2). Meantime, household's views on saving possibilities was unchanged (at 45.9) while their assessment over the country's current economy weakened sharply (-4.5 vs 0.5) and both their judgment over the country's economic outlook (-14.8 vs -13.9) and unemployment (-3.7 vs -1.9) became more negative.

2019-06-27
Finnish Consumer Morale Weakest Since 2008
The Finnish consumer confidence indicator fell to -4.6 in June 2019 from -1.8 in the previous month. This was the weakest consumer confidence since December 2008, due to a deterioration in saving possibilities (45.9 from 51.5 in April); households' own economy (6.3 vs 9.4). Also, household's views on their own financial conditions (26.2 vs 31.0) and their assessment over the country's current economy (0.5 vs 5.7) weakened, while their judgment over the country's economic outlook became more negative (-13.9 vs -9.4). The consumer confidence indicator measures of individual household changes, as some of components change. The change takes place on the European Commission's initiative. The new indicator anticipates the development of private consumption better than the present indicator. The survey method were revised in May.


Finland Consumer Confidence
In Finland, the Statistics of Finland consumer survey expresses consumers’ views and intentions relating to economic matters. The data system of Statistics Finland’s consumer survey is comprised of respondent-specific original data from phones interviews, which may not be disclosed, and published data concerning reply distributions and time series. Generally consumer confidence is high when the unemployment rate is low and GDP growth is high. Measures of average consumer confidence can be useful indicators of how much consumers are likely to spend.

Finland Consumer Last Previous Highest Lowest Unit
Consumer Confidence -4.20 -5.00 24.10 -6.60 points [+]
Retail Sales Mom 0.10 -0.70 3.70 -3.70 percent [+]
Retail Sales Yoy 2.10 3.60 10.60 -3.50 percent [+]
Consumer Spending 28005.00 27730.00 28005.00 8859.00 EUR Million [+]
Personal Savings 1.90 -0.10 10.50 -6.50 percent [+]
Bank Lending Rate 0.25 0.25 7.00 0.25 percent [+]
Households Debt To GDP 65.70 66.80 67.10 12.80 percent of GDP [+]
Households Debt To Income 115.74 116.36 116.36 60.84 percent [+]
Consumer Credit 16355.00 16396.00 16396.00 6503.00 EUR Million [+]
Gasoline Prices 1.68 1.71 2.23 1.06 USD/Liter [+]
Consumer Confidence Current Conditions 25.30 27.00 29.50 -60.90 [+]
Consumer Confidence Economic Expectations 22.00 21.90 25.30 -27.10 [+]
Consumer Confidence Financial Expectations 8.30 9.00 14.10 2.30 [+]
Consumer Confidence Major Purchases Expectations 23.70 19.40 41.80 -14.20 [+]
Consumer Confidence Price Trends 1.80 1.70 4.60 0.60 [+]
Consumer Confidence Unemployment Expectations 15.90 15.20 27.60 -51.10 [+]