Consumer Confidence in Faroe Islands decreased to 5 points in the beginning of 2022 from 10 points in middle of 2021. source: Statistics Faroe Islands

Consumer Confidence in Faroe Islands averaged 2.45 points from 2006 until 2022, reaching an all time high of 19 points in the second quarter of 2019 and a record low of -29 points in the second quarter of 2008. This page provides - Faroe Islands Consumer Confidence- actual values, historical data, forecast, chart, statistics, economic calendar and news. Faroe Islands Consumer Confidence - values, historical data and charts - was last updated on August of 2022.

Consumer Confidence in Faroe Islands is expected to be 10.52 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Faroe Islands Consumer Confidence is projected to trend around 10.35 points in 2023 and 10.34 points in 2024, according to our econometric models.

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Faroe Islands Consumer Confidence



Related Last Previous Unit Reference
Economic Optimism Index 29.00 11.00 points Jan 2022
Consumer Confidence 5.00 10.00 points Jan 2022

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).
Actual Previous Highest Lowest Dates Unit Frequency
5.00 10.00 19.00 -29.00 2006 - 2022 points Quarterly
NSA