Tue, 28 Oct, 2014 12:37:34 AM FTimes Report, Oct. 28  Consumer confidence indicator (CCI). Source: Consumer Survey 2014, October. Statistics Finland. The consumer confidence indicator stood at 0.4 in October, having been 0.7 in September and 2.2 in August.
One year ago the consumer confidence indicator received the value 3.8. The long-term average for the confidence indicator is 11.9, according to Statistics Finland’s data based on Consumer Survey.
Of the four components of the consumer confidence indicator, expectations of Finland’s economic situation improved slightly from September.
No essential changes occurred in the other components of the consumer confidence indicator. Views on households' saving possibilities remained moderate.
Consumers' expectations concerning their own and Finland's economy in 12 months' time. Source: Consumer Survey 2014, October. Statistics Finland. By contrast, views on Finland’s economy were still gloomy and estimates on one’s own financial situation were cautious, the statistics show.
Consumers regarded the time more favourable for raising a loan than for buying durable goods or saving in October.
The personal threat of unemployment experienced by employed persons was at the same level in October as in September and one year ago in October.
Altogether 9 per cent of consumers thought in October that unemployment would decrease in Finland over the year, while 68 per cent of them believed it would increase.
Twelve months earlier the corresponding proportions were 12 and 60 per cent, according to the data.
A total of 1,266 people resident in Finland were interviewed between 1 and 17 October for the survey.
Consumers' views of the economy
Source: Consumer Survey 2014, October. Statistics Finland.
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