Consumers’ confidence in economy weakens in December

Consumers’ confidence in the economy has weakened slightly in December, according to Statistics Finland.

The consumer confidence indicator (CCI) stood at 16.1 in December whereas in November it was 18.3 and in October 16.8.

Last year in December, the CCI received the value 24.0. The long-term average for the CCI is 12.7.

The data are based on Statistics Finland’s Consumer Survey, for which 1,236 people in Finland were interviewed between 1 and 17 December.

In December, consumers considered their household’s financial situation to be very good.

Employed consumers felt that their personal threat of unemployment has decreased further in recent times. The time was regarded very favourable for saving but no longer for taking out a loan and buying durable goods. Intentions to spend money were mostly moderate before Christmas.