Home > Statistics > Consumer Confidence > 2018 > June > Consumer confidence still strong – Finland’s economy causes wonder

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)

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

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, consumer.survey@stat.fi

Director in charge: Jari Tarkoma

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Appendix tables

• Appendix table 1. Consumers' views and intentions (27.6.2018)

Figures

• Appendix figure 1. Consumer confidence indicator (CCI) (27.6.2018)
• Appendix figure 2. Micro and macro indicators (27.6.2018)
• Appendix figure 3. Own economy (27.6.2018)
• Appendix figure 4. Finland's economy (27.6.2018)
• Appendix figure 5. Inflation (27.6.2018)
• Appendix figure 6. Unemployment (27.6.2018)
• Appendix figure 7. Favourability of time for (27.6.2018)
• Appendix figure 8. Household's financial situation and saving possibilities (27.6.2018)
• Appendix figure 9. Household's intentions to raise a loan, next 12 months (27.6.2018)
• Appendix figure10. Spending on durables, next 12 months vs last 12 months (27.6.2018)
• Appendix figure 11. Household's intentions to buy, next 12 months (27.6.2018)
• Appendix figure 12. Prevalence of equipment and connections in households, May 2018 (27.6.2018)
• Appendix figure 13. Television equipment in households 2/2000 - 5/2018 (15 to 74-year-old target persons households) (27.6.2018)
• Appendix figure 14. Information technology in households 2/2000 - 5/2018 (15 to 74-year-old target persons households) (27.6.2018)
• Appendix figure 15. Telephones and car in households 2/2000 - 5/2018 (15 to 74-year-old target persons households) (27.6.2018)

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Updated 27.6.2018