Faroe Islands Consumer Confidence

Faroe Islands consumer confidence fell to -17 points in Q2 2025 from -12 points in Q1 2025, a 41.7% decrease. This is the lowest confidence level since Q2 2022. Inflation eased to 0.7% in May 2025, down from 1.3% in Q1 2025. However, grocery prices increased by nearly 5% year-on-year. Average interest rates decreased by almost 19% over the past year. Housing expenses fell by almost 5%. The economic sentiment indicator for consumers dropped to 8 points in the second half of 2025 from 9 points in the first half. Faroe Islands's record low consumer confidence was -17 points in Q2 2022 and record high was 6 points in Q2 2019.