|Updated: 27.4.2017 - Next update: 29.5.2017|
Consumers believe Finlands economy and employment will improve
Consumers confidence remained strong in April. The consumer confidence indicator (CCI) stood at 21.5 in April, having been 22.9 in March and 20.8 in February. Last year in April, the CCI received the value 9.8. The long-term average for the CCI is 11.9. The data are based on Statistics Finlands Consumer Survey, for which 1,199 people resident in Finland were interviewed between 3 and 18 April.
Of the components of the CCI, expectations concerning general economic development or Finlands economy and unemployment improved slightly in April compared to March. In contrast, views on ones own economy and saving possibilities weakened somewhat. Compared with the corresponding period last year, all components strengthened apart from saving possibilities.
In April, consumers views on Finlands economy were very positive. Views concerning one's own economy and unemployment development were also optimistic. The confidence in decreasing unemployment was highest in a decade and the views on Finlands economy were the best since 2010. In April, consumers considered their household's saving possibilities average over the next 12 months.
In April, consumers regarded the time favourable for buying durable goods and especially for taking out a loan but not so much for saving. Employed consumers felt in April that their personal threat of unemployment has decreased clearly in recent months.
Consumers' own and Finland's economy
In April, as many as more than one-half, or 52 per cent, of consumers believed that Finlands economic situation would improve in the coming twelve months, while only 10 per cent of them thought that the countrys economy would deteriorate. The corresponding proportions were 46 and 11 per cent in March and 35 and 23 per cent one year ago in April.
In all, 28 per cent of consumers believed in April that their own economy would improve, while 10 per cent of them feared it would worsen over the year. One month earlier, the corresponding proportions were 31 and 9 per cent, and one year earlier 28 and 15 per cent.Statistical release
Statistics Finland / Consumer survey
Description of indicator
The Consumer Survey is a telephone interview survey by means of which it is possible to measure Finns’ images of the general economic development and the financial situation of one's own household and intentions to make major purchases, save money or take out a loan.
The consumer confidence indicator is the average of the balance figures for the CCI components. The balance figures and the confidence indicator can range between -100 and +100 – the higher (positive) balance figure, the brighter the view on the economy.