Finland - Konsument - Confidence

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).

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.

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).

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.

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.

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.