Consumer confidence in economy further drops in April

The Consumer Confidence Indicator (CCI) stood at minus 11.7 in April, having been minus 10.5 in March and 0.5 in February, according to Statistic Finland.

Last year in April, the CCI received the value 3.8. The long-term average for the CCI since 1995 is minus 1.7.

Consumer confidence has been weaker than in April only in April 2020 and at the end of 2008.

The data are based on Statistics Finland’s consumer confidence survey, to which 1,009 persons resident in Finland responded between 1 and 18 April.

In April, expectations concerning consumer's own and Finland's economy were very pessimistic, views concerning Finland's economy gloomiest in the measuring history 1995 to 2022.

Assessments about own economy at present were also subdued.

Only expectations concerning own economy improved slightly, while other views on the economy weakened slightly. Compared to last year, all estimates were considerably gloomier.

Very little intentions to spend money on durable goods in April. Intentions to buy diminished especially from twelve months back.

Estimates and expectations concerning inflation rose ever more above their long-term averages.

In April, expectations concerning inflation were highest ever in the measuring history.