Consumers' expectations concerning the unemployment situation for the next 12 months

Last updated 18/03/2021 - 12:39

Consumers increasingly believe in positive employment development

According to the January Consumer Survey by Statistics Finland, a clearly higher share of consumers than before believe that employment will change for the better within the coming year. The distribution of responses given in the survey yields a balance figure of -16.0 for the Helsinki Metropolitan Area and -20.7 for the entire country. These figures mark a clear improvement compared to figures in October (approximately -45.0 for the Helsinki Metropolitan Area and the entire country). Overall, it does seem that faith in the future is slowly recovering also with regard to employment.

Statistics Finland renewed the data collection method of the consumer confidence indicator in May 2019, 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.