Consumers' expectations concerning their own savings possibilities

Last updated 27/09/2019 - 13:43

Confidence in personal saving possibilities still exists

In July, a little bit more than half of consumers in the Helsinki Metropolitan Area reported that they were very likely to save money in the coming 12 months. This share was slightly lower in all of Finland. One out of four consumers in the Helsinki Metropolitan Area are quite likely to save money, and this proportion was approximately the same in the whole country. One out of five consumers in the Helsinki Metropolitan Area reported in the Consumer Confidence survey interviews that they would not be saving money in the next 12 months. This proportion was slightly higher in the whole country.

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.