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Thu, 28 Nov, 2013 12:00:18 AM FTimes Report, November 28  Photo - Lehtikuva. The consumer confidence indicator stood at 6.4 in November, having been 3.8 in October and 6.3 in September, a survey reveals.
Confidence in the economy was still weaker in November than the long-term average (12.2), according to the data based on the Statistics Finland’s Consumer Survey.
A total of 1,389 residents of Finland were interviewed between November 1-19 for the survey.
Of the four components of the consumer confidence indicator, expectations concerning Finland’s economy and unemployment situation improved slightly in November compared to the previous month.
Consumer confidence indicator (CCI). Source: Statistics Finland. By contrast, consumers’ views about their own economy and savings possibilities remained more or less unchanged in November, the data said.
Consumers considered November a good time for saving and also for raising loans than for buying durable goods.
In November, 33% consumers believed that Finland’s economic situation would improve in the coming 12 months, while 26% thought that it would deteriorate. Twelve months earlier the corresponding proportions were 21% and 38%.
On an aggregate, 25% per cent of consumers believed that their own economy would improve and 13% feared it would worsen over next year.
Consumers' expectations concerning their own and Finland's economy in 12 months' time. Source: Statistics Finland. Altogether, 13% of the consumers thought that unemployment would decrease over next year, while 55% believed it would increase.
Twelve months earlier, the corresponding figures were 9% and 68% respectively.
In November, 8% of employed persons believed that chances of unemployment had lessened over the past few months, whereas 24% thought it had grown.
Forty-three per cent of employed people thought the threat had remained unchanged and 24% felt that they were not threatened by unemployment at all.
Consumers' views of the economy
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