Consumer confidence remained on strong level in May
In May the consumer confidence indicator (CCI)
stood at 2.7, while in April it was 3.8 and in March -3.0. In last
years May the CCI received the value -9.0. The long-term
average for the CCI is -1.8. The data are based on Statistics
Finlands Consumer Confidence Survey, to which 990 persons
resident in Finland responded between 1 and 19 May.
Of the four components of the CCI, only expectations regarding
Finland's economy improved in May from April. Expectations
concerning consumers own economy remained almost unchanged.
The other components weakened in a month. Compared to last
years May, all four components of the CCI were now clearly
on a better level.
Of the components of the CCI, consumers' expectations concerning
their own economy and intentions to spend money on durable goods
were very strong in May. The estimates concerning the future
development of Finlands economy were also fairly bright. In
May, consumers views on the present state of their own
economy were on the long-term average level.Statistical release