Consumers’ confidence falls in September

The consumer confidence indicator (CCI) stood at 20.2 in September, which was 21.5 in August and 22.0 in July, according to Statistics Finland.

Last year in September, the consumer confidence indicator received the value 23.7. The long-term average for the CCI is 12.6.

The data are based on Statistics Finland’s Consumer Survey, for which 1,104 people resident in Finland were interviewed between 3 and 18 September.

Of the four components of the consumer confidence indicator, consumers’ estimates about the development of Finland’s economy fell again in September compared to the previous month.

In turn, expectations concerning their own economic situation remained more or less unchanged. Consumers’ views of the country’s unemployment situation and households’ saving possibilities weakened only a little. All the components were still on a good level in September.

Estimates about the country's economic situation fell clearly over the one-year review period. Compared with September last year, estimates about the country's unemployment situation have also weakened. Views on own their own economy have improved slightly and estimates about saving possibilities have weakened somewhat.

Consumers considered their household’s financial situation good in September. The time was regarded very favourable for saving and also favourable for taking out a loan and buying durable goods. Consumers assessed that their personal threat of unemployment has decreased clearly in recent times.