Consumer survey 

Updated: 27.8.2015 - Next update: 28.9.2015
   
 
 
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Consumers' economic expectations mostly subdued in August

The consumer confidence indicator (CCI) stood at 8.3 in August, whereas in July it was 6.9 and in June 10.8. Last year in August, the CCI received the value 2.2. The long-term average for the CCI is 11.8. The data are based on Statistics Finlands Consumer Survey, for which 1,284 people resident in Finland were interviewed between 3 and 19 August.

Of the four components of the CCI, only assessments of the households saving possibilities improved in August from July. Views of Finlands economy and unemployment became slightly gloomier and views on the consumers' own economy remained almost unchanged. In August, belief in own saving possibilities was good while belief in other components of the CCI was weak.

In August, consumers regarded the time fairly favourable for taking out a loan and for a change also for buying durable goods but not so much for saving. In August, employed consumers felt personally more threatened by unemployment than on average, as was the case also in July and one year ago.

Consumers' own and Finland's economy

In August, 30 per cent of consumers believed that Finlands economic situation would improve in the coming twelve months, while 27 per cent of them thought that the countrys economy would deteriorate. The corresponding proportions were 33 and 26 per cent in July, and pessimistic 23 and 38 per cent one year ago in August.

In all, 24 per cent of consumers believed in August that their own economy would improve and only 15 per cent of them feared it would worsen over the year.

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.