|Updated: 27.4.2018 - Next update: 28.5.2018|
Consumers are confident about Finlands economy and the decrease of unemployment
The consumer confidence indicator (CCI) stood at 23.2 in April, having been 24.7 in March and 25.8 in February. The figures in February to March were the highest in the measuring history of 30 years. Last year in April, the CCI received the value 21.5. The long-term average for the CCI is 12.4. The data are based on Statistics Finland's Consumer Survey for which 1,140 persons resident in Finland were interviewed between 3 and 18 April.
Of the components of the CCI, consumers expectations concerning Finland's economy and general unemployment development were very bright in April. Consumers assessments about their own economic situation and their household's saving possibilities were good.
Compared to March, views on their own economy and saving possibilities in particular weakened in April. By contrast, consumers expectations concerning unemployment development improved and their view of Finlands economy remained unchanged.
Compared with the corresponding period last year, confidence in saving possibilities and especially in decreasing unemployment strengthened. By contrast, expectations concerning Finlands economy weakened slightly over the year and views on consumers own economy remained unchanged.Statistical release
Statistics Finland / Consumer survey
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.