|Updated: 27.2.2018 - Next update: 27.3.2018|
New record for consumer confidence again
The consumer confidence indicator (CCI) stood at 25.8 in February, while it was 24.2 in January. The figures are the highest in the measuring history. In last years February, the CCI received the value 20.8. The long-term average for the CCI is 12.3. The data are based on Statistics Finlands Consumer Survey, for which 1,146 people resident in Finland were interviewed between 1 and 19 February.
Of the components of the CCI, the expectation on unemployment decreasing in Finland strengthened clearly in February compared with January. Other components, that is expectations of consumers own and Finlands economy and of households saving possibilities, also improved a little in February. Compared with the corresponding period last year, all the CCI components apart from saving possibilities improved clearly.
In February, consumers expectations concerning their own and Finland's economy and unemployment were very bright. Views on ones own saving possibilities were also good.
In February, consumers regarded the time as very favourable for saving but no longer as favourable for taking out a loan nor for buying durable goods as one month previously. Employed consumers felt in February that their personal threat of unemployment has decreased much in recent months.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.