Invest in Finland

Consumers' views on the economy stable

31/08/2009

Consumers' confidence in the economy in Finland has remained unchanged throughout the summer. The consumer confidence indicator stood at 8.2 in August, having been 8.4 in June and July, and 7.2 in May. Prior to this, confidence in the economy was negative from October to March. In August, consumers' confidence was about the same as one year earlier but still weaker than the long-term average. The data are based on Statistics Finland's Consumer Survey, for which 1,505 people resident in Finland were interviewed between 3 and 19 August.

Of the four components of the consumer confidence indicator, views concerning saving possibilities improved in August from the previous month. Views about the other components remained unchanged or deteriorated slightly. Consumers still continued to express some optimism regarding their own, and especially Finland's, economy. In August, consumers regarded the time favourable for purchasing durable goods and for raising a loan.

Source: Finland Statistics