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Published: 27 June 2018

Consumer confidence still strong – Finland’s economy causes wonder

In June, the consumer confidence indicator (CCI) stood at 23.0, while in May it was 24.8 and in April 23.2. Last year in June, the CCI received the value 23.9. The long-term average for the CCI is 12.5. The data are based on Statistics Finland’s Consumer Survey, for which 1,157 people resident in Finland were interviewed between 2 and 18 June.

Consumer confidence indicator (CCI)

Consumer confidence indicator (CCI)

Of the components of the CCI, in particular consumers' views on their own economy and household’s saving possibilities were still bright.

Compared with May, expectations concerning Finland's economy and general unemployment development weakened but were still on a good level. Consumers' views on their own economy and household’s saving possibilities in turn improved slightly in June from the month before.

Compared with the previous year, confidence in one’s own economy strengthened. By contrast, expectations concerning Finland's economy weakened clearly over the year. Assessments of the saving possibilities remained more or less unchanged.

In June, consumers considered their household’s financial situation to be good. The time was regarded very favourable for taking out a loan and saving, and good for buying durable goods. Employed consumers felt that the threat of unemployment had decreased clearly in recent months.

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

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, June. Statistics Finland

Inquiries: Pertti Kangassalo 029 551 3598, Tuomas Parikka 029 551 3276,

Director in charge: Jari Tarkoma

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Updated 27.6.2018

Referencing instructions:

Official Statistics of Finland (OSF): Consumer Confidence [e-publication].
ISSN=2669-8889. June 2018. Helsinki: Statistics Finland [referred: 28.11.2023].
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