|
Thu, 28 Apr, 2016 12:09:50 AM FTimes Report, Apr 28  Consumer confidence indicator (CCI). Source: Consumer Survey 2016, April. Statistics Finland. The consumer confidence indicator (CCI) stood at 9.8 in April, having been 10.4 in March and 7.7 in February.
Last year in April, the CCI received the value 11.4 while the long-term average for the CCI is 11.6, according to the data based on Statistics Finland’s Consumer Survey.
A total of 1,255 people resident in Finland were interviewed between 1 and 19 April for the survey.
Consumers' expectations concerning their own and Finland's economy improved slightly in April from March.
In contrast, views concerning general unemployment development and own saving possibilities weakened.
In April, consumers' views on unemployment were fairly gloomy and on the other three components of the CCI on the long term average level, the survey finds Consumers regarded the time favourable for taking out a loan and a little also for buying durable goods but not for saving.
Employed consumers also felt that the threat of unemployment decreased in April compared with the previous month.
In April, 35 per cent of consumers believed that Finland’s economic situation would improve in the coming twelve months, while 24 per cent of them thought that the country’s economy would deteriorate.
The corresponding proportions were 36 and 26 per cent in March and 33 and 21 per cent one year ago in April.
In all, 28 per cent of consumers believed in April that their own economy would improve, while 15 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: Consumer Survey 2016, April. Statistics Finland. The respective proportions were 24 and 15 per cent In March and twelve months ago 28 and 11 per cent.
Altogether 19 per cent of consumers thought in April that unemployment would decrease over the year, while 46 per cent of them believed it would increase. The corresponding proportions were 21 and 42 per cent one month ago and 20 and 42 per cent one year ago.
Fifteen per cent of employed persons reckoned in April that their personal threat of unemployment had lessened over the past few months, while 21 per cent thought it had grown. Twenty per cent of employed persons felt that they were not threatened by unemployment at all.
Consumers predicted in April that consumer prices would go up by 1.3 per cent over the next 12 months. The predicted long-term average inflation rate is 2.2 per cent, the data show.
In April, 47 per cent of consumers thought the time was favourable for buying durable goods.
Seventeen per cent of households were very or fairly certain to buy a car and seven per cent a dwelling during the next 12 months while 20 per cent of households were planning to spend money on renovating their dwelling within a year.
Altogether, 50 per cent of consumers regarded the time favourable for saving in April. In all, 63 per cent of households had been able to lay aside some money and 76 per cent believed they would be able to do so during the next 12 months.
Households mainly planned on saving for a rainy day or for a holiday trip. Next to various bank accounts, the most common planned investment targets were investment funds.
Sixty nine per cent of consumers regarded the time good for raising a loan while thirteen per cent of households considered raising a loan within one year.
Consumers' confidence in the economy was strongest in Greater Helsinki and Eastern Finland. Among population groups, upper-level salaried employees were most optimistic.
Pensioners and unemployed persons had the gloomiest expectations concerning economic development.
Consumers' views of the economy
Source: Consumer Survey 2016, April. Statistics Finland.
More News
|
|
Finland Times
| Thursday, 01 May, 2025 |
|
Copyright © 2025 All rights reserved
|
||||
