The Finnish consumer confidence indicator edged down to -1.8 in May 2019 from -1.7 in the previous month, due to a deterioration in saving possibilities (51.5 from 52.8), and unemployment (-4.0 vs -2.9). Also, consumers’ expectations concerning Finland's economy weakened (-9.4 vs -6.5). Meantime, households' own economy strengthened (9.4 vs 8.5). 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. Consumer Confidence in Finland averaged 11.56 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.