Consumers' expectations concerning the Finnish economy for the next 12 months

Last updated 25/09/2019 - 12:12

Faith in Finland’s positive economic development lost

Consumers in the Helsinki Metropolitan Area had slightly more faith in Finland’s positive economic development in July than consumers in the whole country. Both in the Helsinki Metropolitan Area and the whole country, only one person in one hundred trusted the economy to be much better 12 months from now than when the survey was performed in July. 12 per cent of consumers in the whole country and 14 per cent in the Helsinki Metropolitan Area assumed it would be better. In the Helsinki Metropolitan Area, 35 consumers in one hundred assume that the situation will be worse.

Statistics Finland renewed the data collection method of the consumer confidence indicator in May of this year, and the figures are therefore not comparable with previous figures. The age categories of interviewees were altered a little bit and the sample size was reduced somewhat. The data content is also more limited, and all questions now concern the person themselves, not their household. The components of the new confidence indicator are: the consumer’s own current finances, the consumer’s own finances in 12 months, Finland’s economy in 12 months and the consumer’s spending on consumer durables in the next 12 months compared to the previous 12 months.