The Finnish consumer confidence indicator rose to -8.8 in May 2023, pointing to the fifteenth straight month of negative reading, and following a -7.9 in the previous month. Consumers’ assessments of Finland’s economy over the next 12 months were less pessimistic (-37.7 vs -44), while expectations of own economy worsened (5.5 vs 7.6). Meanwhile, the possibilities to save weakened (40.3 vs 43.8), while the time in spending money on durable goods continued to deteriorate (-24.8 vs -23.8). Additionally, inflation expectations over the next 12 months remained unchanged at 4.9, while current inflation expectations edged up (8.2 vs 8.1). source: Statistics Finland

Consumer Confidence in Finland averaged -2.21 points from 1995 until 2023, reaching an all time high of 6.80 points in December of 2017 and a record low of -18.50 points in December of 2022. This page provides the latest reported value for - Finland Consumer Confidence - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Finland Consumer Confidence - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.

Consumer Confidence in Finland is expected to be -7.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Finland Consumer Confidence is projected to trend around -2.00 points in 2024 and 1.00 points in 2025, according to our econometric models.

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Finland Consumer Confidence



Calendar GMT Actual Previous Consensus TEForecast
2023-04-27 05:00 AM Apr -7.9 -10.8 -10
2023-05-29 05:00 AM May -8.8 -7.9 -7.4
2023-06-27 05:00 AM Jun -8.8 -7


Related Last Previous Unit Reference
Consumer Confidence -8.80 -7.90 points May 2023
Retail Sales MoM -0.70 0.90 percent Mar 2023
Retail Sales YoY 3.30 6.00 percent Mar 2023
Consumer Spending 30856.00 30817.00 EUR Million Mar 2023
Personal Savings -3.50 -3.20 percent Dec 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
-8.80 -7.90 6.80 -18.50 1995 - 2023 points Monthly

News Stream
Finnish Consumer Morale Remains Gloomy in May
The Finnish consumer confidence indicator rose to -8.8 in May 2023, pointing to the fifteenth straight month of negative reading, and following a -7.9 in the previous month. Consumers’ assessments of Finland’s economy over the next 12 months were less pessimistic (-37.7 vs -44), while expectations of own economy worsened (5.5 vs 7.6). Meanwhile, the possibilities to save weakened (40.3 vs 43.8), while the time in spending money on durable goods continued to deteriorate (-24.8 vs -23.8). Additionally, inflation expectations over the next 12 months remained unchanged at 4.9, while current inflation expectations edged up (8.2 vs 8.1).
2023-05-29
Finnish Consumer Morale Improves for 4th Month
The Finnish consumer confidence indicator rose to -7.9 in April 2023, marking the fourteenth consecutive month of a negative reading, although easing from -10.8 in the previous month. It was the fourth straight month of improvement, as consumers’ assessments of Finland’s economy over the next 12 months were less pessimistic (-44 vs -48.3 in March), while expectations of own economy improved (7.6 vs 3.1). Meantime, the possibilities to save weakened (43.8 vs 44.1), while the time in spending money on durable goods were less negative (-23.8 vs -24.9). Lastly, inflation expectations over the next 12 months decreased (4.9 vs 5.3), while current inflation expectations edged down (8.1 vs 8.2).
2023-04-27
Finnish Consumer Morale Improves
The Finnish consumer confidence indicator rose to -10.8 in March 2023, from -11.7 in the previous month, marking the thirteenth straight month of a negative reading. Consumers’ assessments of Finland’s economy over the next 12 months were less pessimistic (-48.3 vs -49.7), but their expectations of own economy worsened (3.1 vs 4.3). The possibilities to save further strengthened (44.1 vs 41), and time in spending money on durable goods was less negative (-24.9 vs -28.5). Additionally, inflation expectations over the next 12 months grew (5.3 vs 5.2), while current inflation expectations went down (8.2 vs 8.6).
2023-03-27