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Home BUSINESSConsumers’ confidence in economy improves slightly
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Sun, 29 Sep, 2013 12:00:36 AM
FTimes Report, September 29
 
Photo Lehtikuva
Consumers' confidence in the country’s economy has improved slightly in September from August.
 
The Statistics Finland data showed that the consumer confidence indicator stood at 6.3 in September, having been 5.0 in August and July. 
 
Confidence in the economy was slightly stronger than one year ago (3.4) but clearly below the long-term average (12.3). The data are based on Statistics Finland’s Consumer
Survey, for which 1,451 people resident in Finland were interviewed between 2 and 18 September.
 
Consumers were in September pessimistic about the future of Finland's economy and particularly about the development of unemployment. However, estimates about
unemployment and Finland's economy improved somewhat in September from August. Consumers’ views concerning their own economy were still cautious. In contrast, they
considered households' saving possibilities fairly good.
 
Source: Statistics Finland
September was not regarded as a favourable time for taking out a loan and particularly for buying durable goods. The personal treat of unemployment experienced by employed persons was slightly higher in September than in August.
 
In September, 29 per cent of consumers believed that Finland’s economic situation would improve in the coming twelve months, while 32 per cent of them thought that the
country’s economy would deteriorate. Twelve months earlier the corresponding proportions were 19 and 42 per cent respectively.
 
In all, 22 per cent of consumers believed in September that their own economy would improve and 16 per cent of them feared it would worsen over the year. One year ago, the respective proportions were 23 and 14 per cent respectively.
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