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More than one-third of consumers in Finland expect the economic conditions to deteriorate further.Fewer than one-quarter, or 24 per cent, of consumers in Finland have confidence in the recovery of the national economy, according to the latest consumer survey of Statistics Finland. More than one-third, or 38 per cent, of the consumers surveyed during the first half of December contrastively expected the economic conditions to deteriorate further.

In November, 30 per cent of consumers were optimistic and 29 per cent pessimistic about the economic outlook.

Only 10 per cent of the consumers surveyed for the latest survey expected the employment situation to improve, while as many as 60 per cent expected it to worsen. One-fifth of employed people estimated that their personal threat of unemployment has grown, while roughly one in eight estimated that the threat has diminished.

More than one-fifth, or 22 per cent, of employed people also estimated that they cannot afford to lose their jobs.

The confidence of consumers in the national economy similarly eroded in December, with Statistics Finland's consumer confidence indicator dipping to 2.4 from 4.7 in November. The indicator stood at 1.3 in October and at 4.4 in December 2014.

The consumer confidence indicator remained below its long-term average of 11.7 per cent for the majority of 2015.

Statistics Finland interviewed a total of 1,220 residents of Finland for its latest consumer survey between 1 and 16 December.

Aleksi Teivainen – HT
Photo: Uusi Suomi
Source: Uusi Suomi

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