Consumer confidence exceeded its average – large
purchases are tempting
The consumer confidence indicator (CCI) stood
at -1.6 in July, having been -3.9 in June and -9.0 in May. The
long-term average for the CCI is -1.8. Last year in July, the CCI
received the value -3.9. The data are based on Statistics
Finlands Consumer Confidence Survey, to which 1,034 persons
resident in Finland responded between 1 and 19 July.
Of the four components of the CCI, expectations of ones
own and Finlands economy strengthened in July compared to
June. In addition, intentions to spend money on durable goods
increased. Views concerning consumers own economy at present
remained unchanged. Also compared with the corresponding period
last year, expectations concerning the economy were now brighter
and consumption intentions were higher. By contrast, views on the
present state of the own economy were worse in July than one year
earlier.
In July, consumers' views on Finland's economic development were
still weak. By contrast, expectations concerning the near future of
one's own economy were already fairly bright, and the views of its
present state corresponded to the long-term average views. In
addition, consumption intentions were already on a good level in
July.
Statistical release
