The consumer confidence index in Faroe Islands edged up to 11 in the first half of 2019 from 10 in the second half of 2018. Consumer Confidence in Faroe Islands averaged 0.92 Index Points from 2006 until 2018, reaching an all time high of 13 Index Points in the second quarter of 2014 and a record low of -29 Index Points in the second quarter of 2008.

Faroe Islands Consumer Confidence
Forecast Data Chart
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Faroe Islands Consumer Last Previous Highest Lowest Unit
Consumer Confidence 11.00 10.00 13.00 -29.00 Index Points [+]
Economic Optimism Index 21.00 25.00 47.00 -29.00 Index Points [+]

Faroe Islands Consumer Confidence

In Faroe Islands, the consumer confidence survey is based on 15 questions posed to 500-550 consumers twice a year. The balances that are calculated for each question on the basis of weighted averages (ranging from -100 to +100) show estimated own financial situation and economic situation of the country. The consumer index is average of the questions: 1) Expected financial situation of the household in 12 months compared to now (balance), 2) Expected general economic situation in Faroe Islands in 12 months compared to now (balance), 3) Expected number of unemployed people in 12 months (balance) and 4) Expected money savings of the household over the next 12 months (balance). This page provides - Faroe Islands Consumer Confidence- actual values, historical data, forecast, chart, statistics, economic calendar and news. Faroe Islands Consumer Confidence - actual data, historical chart and calendar of releases - was last updated on June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
11.00 10.00 13.00 -29.00 2006 - 2019 Index Points Quarterly

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