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. Consumer Confidence in Finland averaged 11.50 Index Points from 1995 until 2019, reaching an all time high of 24.10 Index Points in May of 2017 and a record low of -6.50 Index Points in December of 2008.
Consumer Confidence in Finland is expected to be -2.50 Index 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 -2.00 in 12 months time. In the long-term, the Finland Consumer Confidence is projected to trend around 1.00 Index Points in 2020, according to our econometric models.