Finland's consumer confidence reached a new low in July, according to Statistics Finland.

The agency said that expectations about consumers' personal economies were the "gloomiest in measuring history."

The consumer confidence indicator (CCI) measured at -15.9 in July, which marked a decrease from June's CCI level of -14.3, and -11.6 in May.

The number-crunching agency noted that consumer confidence was at its lowest level in measured history, from 1995-2022. In 1995, Finland was just emerging from a severe recession.

In July 2021, Finland's CCI stood at 4.4, according to Statistics Finland.

"Both consumers' assessments of their own economy at present and expectations concerning it grew gloomier in July compared to June and especially compared to July last year. Expectations concerning Finland's economy in 12 months also weakened clearly from one year ago but remained more or less unchanged compared to June," the agency said in a statement issued on Wednesday.

Meanwhile, confidence within industry also declined, the Confederation of Finnish Industries reported on Wednesday.

The employer association's Business Confidence Indicator found month-on-month decreases in confidence in the manufacturing and construction sectors in July but noted slight increases in confidence within the service and retail sectors.