|Updated: 27.4.2015 - Next update: 27.5.2015|
Consumers' expectations concerning their own economy on the rise
Consumers confidence in the economy remained unchanged in April. The consumer confidence indicator stood at 11.4 in April, having been 11.2 in March and 10.6 in February. Last year in April, the consumer confidence indicator received the value 3.7. The long-term average for the confidence indicator is 11.8. The data are based on Statistics Finlands Consumer Survey, for which 1,310 people resident in Finland were interviewed between 1 and 17 April.
Of the four components of the consumer confidence indicator, expectations on own and Finlands economy and of unemployment improved slightly in April compared with March. By contrast, assessments concerning household's saving possibilities weakened but remained, nevertheless, bright. Consumers' expectations on their own economy have improved evenly since October 2014. In April, the expectations were at their highest since May 2011.
In April, consumers regarded the time more favourable for raising a loan than for buying durable goods or, in particular, saving. In April, employed consumers felt personally somewhat less threatened by unemployment than in March.
Consumers' own and Finland's economy
In April, 33 per cent of consumers believed that Finlands economic situation would improve in the coming twelve months, while 21 per cent of them thought that the countrys economy would deteriorate. The corresponding proportions were 30 and 25 per cent in March and 28 and 30 per cent one year ago in April.
In all, 28 per cent of consumers believed in April that their own economy would improve, while 11 per cent of them feared it would worsen over the year. Twelve months earlier the corresponding proportions were 22 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.