Consumer survey 

Updated: 27.10.2014 - Next update: 27.11.2014
   
 
 
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Consumers confidence in the economy unchanged in October

The consumer confidence indicator stood at 0.4 in October, having been -0.7 in September and 2.2 in August. One year ago the consumer confidence indicator received the value 3.8. The long-term average for the confidence indicator is 11.9. The data are based on Statistics Finlands Consumer Survey, for which 1,266 people resident in Finland were interviewed between 1 and 17 October.

Of the four components of the consumer confidence indicator, expectations of Finlands economic situation improved slightly from September. No essential changes occurred in the other components of the consumer confidence indicator. Views on households' saving possibilities remained moderate. By contrast, views on Finlands economy were still gloomy and estimates on ones own financial situation were cautious.

Consumers regarded the time more favourable for raising a loan than for buying durable goods or saving in October. The personal threat of unemployment experienced by employed persons was at the same level in October as in September and one year ago in October.

Consumers' own and Finland's economy

In October, 21 per cent of consumers believed that Finlands economic situation would improve in the coming twelve months, while 35 per cent of them thought that the countrys economy would deteriorate. In September, the respective proportions were 17 and 42 per cent and twelve months ago 30 and 31 per cent.

In October, 22 per cent of consumers believed that their own economy would improve and 14 per cent of them feared it would worsen over the year. One year ago, the respective proportions were 25 and 14 per cent.

Statistical release

Source:
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.