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

Last updated 25/09/2019 - 12:13

Consumers expect unemployment to increase rather than decrease

In the Helsinki Metropolitan Area, one in three consumers assume that the number of unemployed people will be higher in 12 months than in July. In the whole country, however, consumers have slightly more positive outlooks. Both in the whole country and in the Helsinki Metropolitan Area, 45 per cent of consumers expect that the number of unemployed people will remain unchanged.

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.