Concepts and definitions

Balance figure

The response distribution of each qualitative question is expressed in the balance figure in the statistics on consumer confidence. The balance figures are obtained by deducting the weighted proportion of negative answers from that of positive answers (for more details see Quality description; in Finnish only). The balance figure can range between -100 and +100. The higher the figure, the brighter is the view on the economy.

Consumer Confidence Indicator

The Consumer Confidence Indicator (CCI) expresses consumers’ views and expectations concerning economic development. The Consumer Confidence Indicator is the average of the balance figures for the CCI components. The components are: own economy now, own economy in one year’s time, Finland's economy in one year's time and consumer’s spending money on major purchases within one year. The confidence indicator can range between -100 and +100. The higher the figure, the brighter is the view on the economy.

Consumers’ intentions of buying

The statistics on consumer confidence explore consumers’ intentions to use money by target. The measurement unit is ‘per cent of consumers’:

-Buying a new or used passenger car within 12 months

-Buying a dwelling or building a house within 12 months

-Home renovations in the next 12 months

-Acquisitions in the next 6 months: free-time residence, home decoration, household appliances, entertainment electronics, hobby and sports equipment, other vehicle than car, leisure trip in Finland, leisure trip abroad.

Consumers’ intentions of taking out a loan

The statistics on consumer confidence examine consumers’ intentions of taking out a loan within 12 months. The measurement unit is ‘per cent of consumers’.

Consumers’ views on the economy

The statistics on consumer confidence explore consumers’ personal views and expectations concerning the economy. The measurement unit is ‘per cent of consumers’:

-Consumer’s own economy now and in 12 months’ time

-Finland's economy now and in 12 months’ time

-General unemployment in 12 months’ time

-Personal threat of unemployment now

-Change in consumer prices now and in 12 months’ time

-Favourable time for saving, taking out a loan and making major purchases at present

-Consumer’s financial situation now

-Consumer’s saving possibilities within 12 months

-Consumer’s spending money on major purchases within 12 months

Person's household

Persons who live and share meals together or otherwise use their income together are considered to belong to the same household as the respondent. The size of the household can vary from a one-person household to, for instance, a household with several generations and numerous members.

Persons that live at a different address most of the time but use their income together with members of a household can also be considered to belong to the same household. Such persons include, for example:

-Persons living in another municipality e.g. due to work if they participate in acquiring income for the household;

-Performers of military service/non-military service;

-Persons in temporary hospital care;

-For example, students living in a different municipality if they use their income together with the household.

However, there may be persons living in the same apartment that do not belong to the same household. They use their own income and thus form their own household. Such persons include, for example:

-Subtenants, domestic workers and boarders;

-Foster children when the foster home activities are professional and the foster home arrangement is not intended to be permanent;

-For example, students living in shared dwellings unless they are married or cohabiting.

Referencing instructions:

Official Statistics of Finland (OSF): Consumer Confidence [e-publication].
ISSN=2669-8889. Helsinki: Statistics Finland [referred: 20.7.2019].
Access method: http://www.stat.fi/til/kbar/kas_en.html