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Published: 27 February 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 year’s February, the CCI received the value 20.8. The long-term average for the CCI is 12.3. The data are based on Statistics Finland’s Consumer Survey, for which 1,146 people resident in Finland were interviewed between 1 and 19 February.

Consumer confidence indicator (CCI)

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 Finland’s economy and of household’s 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 one’s 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.

Consumers' expectations concerning their own and Finland's economy in 12 months' time

The balance figures are obtained by deducting the weighted proportion of negative answers from that of positive answers (see Methodological description ). The consumer confidence indicator (CCI) is the average of the balance figures for the CCI components. The components are: own economy, Finland’s economy, general unemployment and household’s saving possibilities (all concerning next 12 months). 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.

Source: Consumer Survey 2018, February. Statistics Finland

Inquiries: Pertti Kangassalo 029 551 3598, consumer.survey@stat.fi

Director in charge: Jari Tarkoma

Publication in pdf-format (407.0 kB)

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Appendix tables

• Appendix table 1. Consumers' views and intentions (27.2.2018)

Figures

• Appendix figure 1. Consumer confidence indicator (CCI) (27.2.2018)
• Appendix figure 2. Micro and macro indicators (27.2.2018)
• Appendix figure 3. Own economy (27.2.2018)
• Appendix figure 4. Finland's economy (27.2.2018)
• Appendix figure 5. Inflation (27.2.2018)
• Appendix figure 6. Unemployment (27.2.2018)
• Appendix figure 7. Favourability of time for (27.2.2018)
• Appendix figure 8. Household's financial situation and saving possibilities (27.2.2018)
• Appendix figure 9. Household's intentions to raise a loan, next 12 months (27.2.2018)
• Appendix figure10. Spending on durables, next 12 months vs last 12 months (27.2.2018)
• Appendix figure 11. Household's intentions to buy, next 12 months (27.2.2018)

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Updated 27.2.2018