The Finnish consumer confidence indicator decreased to 16.1 in December of 2018 from 18.3 in the previous month. It was the weakest consumer confidence since October 2016, as household’s expectations on unemployment situation weakened (6.5 from 11.2), also consumers' expectations concerning their own economy (9.5 from 10.6) and consumer’s expectations concerning Finland’s economy deteriorated (-2.6 from 0.3). Meanwhile, consumers' expectations concerning their saving possibilities almost was unchanged (50.8 from 51.1). The long-term average for the index is 12.7. Consumer Confidence in Finland averaged 12.65 Index Points from 1995 until 2018, reaching an all time high of 25.80 Index Points in February of 2018 and a record low of -6.50 Index Points in December of 2008.
Consumer Confidence in Finland is expected to be 19.50 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 16.00 in 12 months time. In the long-term, the Finland Consumer Confidence is projected to trend around 11.00 Index Points in 2020, according to our econometric models.