Consumer survey 

Updated: 27.4.2016 - Next update: 27.5.2016
   
 
 
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Consumer confidence more or less unchanged in April

The consumer confidence indicator (CCI) stood at 9.8 in April, having been 10.4 in March and 7.7 in February. Last year in April, the CCI received the value 11.4. The long-term average for the CCI is 11.6. The data are based on Statistics Finlands Consumer Survey, for which 1,255 people resident in Finland were interviewed between 1 and 19 April.

Consumers' expectations concerning their own and Finland's economy improved slightly in April from March. In contrast, views concerning general unemployment development and own saving possibilities weakened. In April, consumers' views on unemployment were fairly gloomy and on the other three components of the CCI on the long term average level.

In April, consumers regarded the time favourable for taking out a loan and a little also for buying durable goods but not for saving. Employed consumers also felt that the threat of unemployment decreased in April compared with the previous month.

Consumers' own and Finland's economy

In April, 35 per cent of consumers believed that Finlands economic situation would improve in the coming twelve months, while 24 per cent of them thought that the countrys economy would deteriorate. The corresponding proportions were 36 and 26 per cent in March and 33 and 21 per cent one year ago in April.

In all, 28 per cent of consumers believed in April that their own economy would improve, while 15 per cent of them feared it would worsen over the year. In March, the respective proportions were 24 and 15 per cent and twelve months ago 28 and 11 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.