Weekly change in consumer spending during COVID-19 in Finland 2020, by category

Published by J. Clausnitzer, Sep 16, 2021
According to the card payment data of S-Bank, consumer behavior in Finland changed noticeably starting from week 11 of March 2020 following the coronavirus (COVID-19) outbreak. Especially alcohol sales peaked in April, while spending on restaurants, clothing stores, and taxi services dropped at the same time. Consumer spending on groceries increased in the beginning of March and then decreased slightly, before picking up again in May. Starting from May, clothing spending among Finns started to increase, although it did not reach the pre-COVID level.

The first COVID-19 case in Finland was confirmed on January 29, 2020. For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Facts and Figures page.

Weekly change in consumer spending during the coronavirus pandemic in Finland in 2020, by category

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Source

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Release date

May 2020

Region

Finland

Survey time period

December 30, 2019 to May 24, 2020

Special properties

Card payment data

Supplementary notes

Index value January 2020 equals 100. January of 2020 is the base used to calculate the index value.

The source adds the following information: "S-Bank holds a share of ten percent of all card payments in Finland."

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