|Updated: 26.2.2015 - Next update: 27.3.2015|
Consumer confidence gained strength – estimates of inflation decreased
The consumer confidence indicator stood at 10.6 in February, having been 6.0 in January and 4.4 in December. One year ago in February, the consumer confidence indicator received the value 8.3. The long-term average for the confidence indicator is 11.8. The data are based on Statistics Finlands Consumer Survey, for which 1,276 people resident in Finland were interviewed between 2 and 17 February.
Consumers confidence in all four components of the consumer confidence indicator improved in February from January. Consumers' estimates about the future of Finland's economy improved the most. Expectations on own and Finlands economy were moderate in February and the views on own saving possibilities were good. By contrast, consumers expectations on the development of unemployment were still gloomy.
In February, consumers regarded the time favourable for taking out a loan, but also for buying durable goods. In February, the personal threat of unemployment experienced by employed consumers was roughly at the same level as in January and one year earlier in February.
Consumers' own and Finland's economy
In February, 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. In January, the respective proportions were 27 and 29 per cent and twelve months ago 33 and 25 per cent.
In all, 26 per cent of consumers believed in February that their own economy would improve, while 12 per cent of them feared it would worsen over the year. Twelve months earlier the corresponding proportions were 23 and 12 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.