The indicator had reached its previous low in September.
Almost four out of ten consumers (38%) this month estimate that their financial situation has deteriorated over the past year. Conversely, only 16 percent estimate that their financial situation has improved since December 2021.
Research data also shows that consumers are unprecedentedly cautious when buying durable goods and taking out a loan, whether it's a car or an apartment.
Pertti Kangassalo senior statistician from Statistics Finland, told YLE reported on Tuesday that the reasons are obvious: the energy crisis, rapid inflation and rising interest rates have together weakened consumer confidence.
Kangassalo, who has followed the country's consumer sentiment for a quarter of a century, admitted that he was surprised by the extent of consumer pessimism. - It's been a long time since I was surprised by anything, he commented to the public broadcasting company. "This is the fi...
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