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Published: 28 May 2018

Consumers’ financial situation is stable, no fear of unemployment

In May, the consumer confidence indicator (CCI) stood at 24.8, while in April it was 23.2 and in March 24.7. In last year’s May, the CCI received the value 24.1. The long-term average for the CCI is 12.5. The data are based on Statistics Finland’s Consumer Survey, for which 1,114 persons resident in Finland were interviewed between 2 and 18 May.

Consumer confidence indicator (CCI)

Of the components of the CCI, consumers’ expectations concerning their own and Finland's economy, as well as general unemployment development were very bright in May. Assessment of the household’s saving possibilities was good.

Compared with April, views concerning household’s own economy and saving possibilities improved in May. Views of Finland’s economy and unemployment remained unchanged.

Compared with the corresponding period last year, confidence in one’s own economy and especially in decreasing unemployment strengthened. By contrast, expectations concerning Finland's economy weakened slightly over the year and expectations concerning saving possibilities remained more or less unchanged.

In May, consumers considered their household’s financial situation to be exceptionally good. The time was regarded very favourable for taking out a loan and for saving, and also good for buying durable goods. Employed consumers felt stronger than ever in May that their personal threat of unemployment had decreased in recent times.

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, May. 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 (28.5.2018)

Figures

• Appendix figure 1. Consumer confidence indicator (CCI) (28.5.2018)
• Appendix figure 2. Micro and macro indicators (28.5.2018)
• Appendix figure 3. Own economy (28.5.2018)
• Appendix figure 4. Finland's economy (28.5.2018)
• Appendix figure 5. Inflation (28.5.2018)
• Appendix figure 6. Unemployment (28.5.2018)
• Appendix figure 7. Favourability of time for (28.5.2018)
• Appendix figure 8. Household's financial situation and saving possibilities (28.5.2018)
• Appendix figure 9. Household's intentions to raise a loan, next 12 months (28.5.2018)
• Appendix figure10. Spending on durables, next 12 months vs last 12 months (28.5.2018)
• Appendix figure 11. Household's intentions to buy, next 12 months (28.5.2018)

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Updated 28.5.2018