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Fri, 28 Feb, 2014 12:05:44 AM FTimes Report, February 28  File photo of one euro and 50 cent coins and ten euro note. Photo – Lehtikuva. The consumer confidence indicator in the country has gone down to 8.3 in February, having been 9.9 in January, according to the Statistics Finland.
In last year's February, the consumer confidence indicator received the value 9.6. The long-term average for the confidence indicator is 12.2.
The data are based on Statistics Finland's Consumer Survey, for which 1,346 residents in Finland were interviewed between 3 and 18 February.
Consumer confidence indicator (CCI). Source: Statistics Finland. Of the four components of the consumer confidence indicator, only views of households' saving possibilities improved in February from the previous month. By contrast, estimates of Finland's economy and, in particular, unemployment weakened.
Consumers' expectations concerning their own economy remained almost unchanged in February compared to January.
In February, consumers still thought that the time was more favourable for raising a loan than for saving or buying durable goods.
Consumers' expectations concerning their own and Finland's economy in 12 months' time. Source: Statistics Finland. In February, 33 per cent of consumers believed that Finland's economic situation would improve in the coming twelve months, while 25 per cent of them thought that the country's economy would deteriorate.
On the other hand, in all, 23 per cent of consumers believed in February that their own economy would improve while 12 per cent of them feared it would worsen over the year.
Altogether, 56 per cent of consumers thought in February that unemployment would increase over the year, and 13 per cent of them believed it would decrease.
Consumers predicted in February that consumer prices would go up by 2.6 per cent over the next 12 months. The long-term predicted average inflation rate is 2.3 per cent.
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