Consumer survey

Updated: 27 Jul 2018
Next update: 27 Aug 2018
Description of indicator

The Consumer Survey is a telephone interview survey by means of which it is possible to measure Finns’ images of the general economic development and the financial situation of one's own household and intentions to make major purchases, save money or take out a loan.

The consumer confidence indicator is the average of the balance figures for the CCI components. 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.

   

Consumer confidence continued as strong in July

The consumer confidence indicator (CCI) stood at 22.0 in July, having been 23.0 in June and 24.8 in May. Last year in July, the CCI received the value 22.8. The long-term average for the CCI is 12.5. The data are based on Statistics Finlands Consumer Survey, for which 1,042 persons resident in Finland were interviewed between 2 and 19 July.

Of the four components of the CCI, consumers expectation concerning unemployment development improved in July from June and was very bright. Views concerning one's own and Finlands economy, as well as households saving possibilities weakened slightly but were still good.

Confidence in unemployment decreasing also strengthened year-on-year. By contrast, expectations concerning Finland's economy weakened clearly over the year. Consumers views concerning their own economy and saving possibilities remained more or less unchanged.

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

Statistical release