Consumer survey 

Updated: 29.6.2015 - Next update: 27.7.2015
   
 
 
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Rising trend of economic atmosphere petered out in June

Consumers confidence in the economy weakened slightly in June. In June, the consumer confidence indicator (CCI) stood at 10.8, while in May it was 15.5 and in April 11.4. Last year in June, the CCI received the value 8.7. The long-term average for the CCI is 11.8. The data are based on Statistics Finlands Consumer Survey, for which 1,358 people resident in Finland were interviewed between 1 and 17 June.

Consumers confidence in all four components of the CCI weakened in June compared with May. Consumers' expectations concerning their own and Finland's economy were cautious and their views about general unemployment were gloomy. However, in comparison with the year before, expectations concerning Finland's economy and unemployment were still slightly better. Views on households' saving possibilities remained bright in June.

In June, consumers regarded the time more favourable for raising a loan than for buying durable goods or, in particular, saving. In June, employed consumers still felt personally somewhat more threatened by unemployment than average.

Consumers' own and Finland's economy

In June, 36 per cent of consumers believed that Finlands economic situation would improve in the coming twelve months, while 22 per cent of them thought that the countrys economy would deteriorate. The corresponding proportions were 42 and 17 per cent in May and 34 and 25 per cent one year ago.

In all, 26 per cent of consumers believed in June that their own economy would improve and 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.