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Consumer confidence in Finland strengthened in June

30/06/2009

The latest Consumer Survey by Statistics Finland shows that consumer confidence in the economy continued to strengthen slightly in June, with consumers also seeing this as a good time for purchasing durable goods.

Data based on Statistics Finland's Consumer Survey shows that the consumer confidence indicator stood at 8.4 in June whereas in May it was 7.2 and in April 1.0. According to the survey, consumers had more optimism regarding their own economic situation than in recent months and households assessed their saving possibilities as good. In June, the time was considered even more favourable than before especially for purchasing durable goods and for raising a loan.

Statistics Finland states that in the June survey, 59 per cent of consumers thought the time was favourable for buying durable goods. One year previously the respective share was 37 per cent and at its lowest last October it stood at 30 per cent. In June, many households had plans to purchase, among other things, home technology during the next six months. Sixteen per cent of households were fairly or very certain to buy a car and 7 per cent a dwelling during the next 12 months.

Statistics Finland's Consumer Survey interviewed 1,494 people resident in Finland between 1 and 18 June.

Source: Statistics Finland