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Published: 27 March 2018

Consumers have strong confidence in the economy and a good financial situation

The consumer confidence indicator (CCI) stood at 24.7 in March, while it was 25.8 in February. The figures are the highest in the measuring history of 30 years. In last year’s March, the CCI received the value 22.9. The long-term average for the CCI is 12.4. The data are based on Statistics Finland’s Consumer Survey, for which 1,165 people resident in Finland were interviewed between 1 and 16 March.

Consumer confidence indicator (CCI)

Of the components of the CCI, expectations concerning consumers’ own economy and Finland's economy and unemployment weakened slightly in March compared with February. In contrast, consumers' estimates of their household's saving possibilities improved. Compared with the corresponding period of the previous year, confidence in the decrease of unemployment strengthened and views on their own economy weakened somewhat. The other CCI components remained unchanged in the year.

In March, consumers’ expectations concerning Finland's economy, development of unemployment and their own saving possibilities were very bright. Consumers’ assessments about their own economic situation in general were also good.

Consumers considered their household’s financial situation better than ever. The time was regarded very favourable for saving, slightly also for taking out a loan and buying durable goods. Employed consumers felt in March that their personal threat of unemployment has decreased significantly in recent times.

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, March. Statistics Finland

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

Director in charge: Jari Tarkoma

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Appendix tables

• Appendix table 1. Consumers' views and intentions (27.3.2018)

Figures

• Appendix figure 1. Consumer confidence indicator (CCI) (27.3.2018)
• Appendix figure 2. Micro and macro indicators (27.3.2018)
• Appendix figure 3. Own economy (27.3.2018)
• Appendix figure 4. Finland's economy (27.3.2018)
• Appendix figure 5. Inflation (27.3.2018)
• Appendix figure 6. Unemployment (27.3.2018)
• Appendix figure 7. Favourability of time for (27.3.2018)
• Appendix figure 8. Household's financial situation and saving possibilities (27.3.2018)
• Appendix figure 9. Household's intentions to raise a loan, next 12 months (27.3.2018)
• Appendix figure10. Spending on durables, next 12 months vs last 12 months (27.3.2018)
• Appendix figure 11. Household's intentions to buy, next 12 months (27.3.2018)
• Appendix figure 12. Prevalence of equipment and connections in households, February 2018 (27.3.2018)
• Appendix figure 13. Television equipment in households 2/2000 - 2/2018 (15 to 74-year-old target persons households) (27.3.2018)
• Appendix figure 14. Information technology in households 2/2000 - 2/2018 (15 to 74-year-old target persons households) (27.3.2018)
• Appendix figure 15. Telephones and car in households 2/2000 - 2/2018 (15 to 74-year-old target persons households) (27.3.2018)

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Updated 27.3.2018