Fri, 28 Mar, 2014 12:19:47 AM FTimes Report, March 28  File Photo – Lehtikuva. The consumer confidence indicator stood at 8.5 in March, which was 8.3 in February and 9.9 in January.
In March last year, the consumer confidence indicator received the value 10.2. The long-term average for the confidence indicator is 12.2, says the data based on Statistics Finland's Consumer Survey.
A total of 1,365 people resident in Finland were interviewed between 3 and 19 March during the latest survey.
Consumer confidence indicator (CCI). Source: Statistics Finland. There were only slight changes in all four components of the consumer confidence indicator in March compared to February.
Consumers' views concerning Finland's and their own economy were cautious and expectations concerning unemployment were still gloomy.
In March, 31 per cent of consumers believed that Finland's economic situation would improve in the coming twelve months, while 26 per cent of them thought that the country's economy would deteriorate, the survey finds.
In all, 23 per cent of consumers believed that their own economy would improve and 13 per cent of them feared it would worsen over the year.
Consumers' expectations concerning their own and Finland's economy in 12 months' time. Source: Statistics Finland. Altogether 51 per cent of consumers thought in March that unemployment would increase over the year, and 14 per cent of them believed it would decrease.
Consumers predicted in March that consumer prices would go up by 2.7 per cent over the next 12 months. The long-term predicted average inflation rate is 2.3 per cent.
The population of the Consumer Survey comprises 4.4 million persons aged 15 to 84 and their 2.6 million households in Finland.
The non-response rate of the Consumer Survey was 41.9 per cent, according to the survey.
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