Finland consumer confidence plummets on joblessness, inflation worries
27.10.2026
Consumer confidence in Finland fell to a five-month low in October as concerns over unemployment and inflation grew, survey data released by Statistics Finland showed on Tuesday.
The consumer confidence index dropped to -9.7 from -4.9 in September. A year earlier, the reading stood at -7.6.
The latest figure was well below the long-term average of -2.9 recorded since 1995, the statistics agency said.
The survey was conducted between October 1 and 18 among 1,171 residents.
Consumers grew more pessimistic about both their personal finances and the national economy, with expectations for both remaining very weak.
Plans for major purchases and taking out loans were also scaled back sharply, particularly when it came to buying cars and homes.
Meanwhile, inflation expectations rose, while consumers' assessments of the unemployment situation deteriorated further.
Separate survey data from the Confederation of Finnish Industries (EK) showed that manufacturing confidence remained broadly stable in October, with the index slipping slightly to 2 from 3 in September, but remaining above its long-term average.
Expectations for production growth remained positive.
However, confidence weakened in the construction, retail and services sectors.
The business survey, conducted among 1,158 companies, showed that Finnish firms had become somewhat more cautious in their assessments compared with the previous month, although the overall business outlook remained considerably stronger than at the beginning of the year.
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