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Published: 27 April 2018

Consumers are confident about Finland’s economy and the decrease of unemployment

The consumer confidence indicator (CCI) stood at 23.2 in April, having been 24.7 in March and 25.8 in February. The figures in February to March were the highest in the measuring history of 30 years. Last year in April, the CCI received the value 21.5. The long-term average for the CCI is 12.4. The data are based on Statistics Finland's Consumer Survey for which 1,140 persons resident in Finland were interviewed between 3 and 18 April.

Consumer confidence indicator (CCI)

Of the components of the CCI, consumers’ expectations concerning Finland's economy and general unemployment development were very bright in April. Consumers’ assessments about their own economic situation and their household's saving possibilities were good.

Compared to March, views on their own economy and saving possibilities in particular weakened in April. By contrast, consumers’ expectations concerning unemployment development improved and their view of Finland’s economy remained unchanged.

Compared with the corresponding period last year, confidence in saving possibilities and especially in decreasing unemployment strengthened. By contrast, expectations concerning Finland’s economy weakened slightly over the year and views on consumer’s own economy remained unchanged.

In April, consumers considered their household’s financial situation to be good. The time was regarded very favourable for saving, slightly also for taking out a loan and buying durable goods. Employed consumers felt in April that their personal threat of unemployment has decreased 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, April. 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 (27.4.2018)

Figures

• Appendix figure 1. Consumer confidence indicator (CCI) (27.4.2018)
• Appendix figure 2. Micro and macro indicators (27.4.2018)
• Appendix figure 3. Own economy (27.4.2018)
• Appendix figure 4. Finland's economy (27.4.2018)
• Appendix figure 5. Inflation (27.4.2018)
• Appendix figure 6. Unemployment (27.4.2018)
• Appendix figure 7. Favourability of time for (27.4.2018)
• Appendix figure 8. Household's financial situation and saving possibilities (27.4.2018)
• Appendix figure 9. Household's intentions to raise a loan, next 12 months (27.4.2018)
• Appendix figure10. Spending on durables, next 12 months vs last 12 months (27.4.2018)
• Appendix figure 11. Household's intentions to buy, next 12 months (27.4.2018)

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Updated 27.4.2018