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PRESS RELEASE CONSUMER TENDENCY SURVEY, FEBRUARY 2010
Increased consumer confidence in the Swedish economy
The Consumer Confidence Indicator (CCI), which measures confidence in personal finances and the Swedish economy, rose 4.5 points to 13.0 in February. This level indicates that households have a more positive opinion on the economic situation than normal. Confidence in the Swedish economy in particular is positive and the Macro Index rose a full 16.2 points between January and February. This sharp rise is mainly due to increased consumer confidence in the labour market. The Micro Index, which measures consumer confidence in personal finances, increased more cautiously rising a full point to 4.8, which is just below the historic average.
Personal finances: Household opinion on current personal finances compared with 12 months ago remains at the same level as in January, with just under 6 per cent more households positive than negative. Personal finance expectations for the next 12 months have improved. 31 per cent of households expect their personal finances to improve, while 12 per cent expect them to deteriorate. Slightly more households than in January consider that it is currently advantageous to save, while a somewhat larger proportion of households expect to be able to save in the next 12 months. More households than normal state that it is the right time to purchase consumer durables at present and in the next 12-month period.Swedish economy: Consumer confidence in the Swedish economy is more positive that for a long time. Higher Macro Index levels have not been seen since 2007. Consumer confidence in the current economic situation in Sweden has increased although more households are still negative than are positive. Opinion on the development of the Swedish economy in the next 12 months has been positive for several months and strengthened further in February. Unemployment expectations are considerably more optimistic than in January and an increasing number of households expect unemployment to decline in the next 12-month period.
Inflation and wage expectations: Household inflation expectations one year ahead were 2.3 per cent in February, compared with 2.4 per cent last month. Wage increases in the next 12 months are expected to be 2.6 per cent, which is the same figure as last month.
| CCI
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4,2
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30,0
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-38,3
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7,6
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8,5
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13,0
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+
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| Macro index
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-3,6
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47,3
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-69,8
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0,4
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-1,1
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15,1
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+
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| Micro index
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5,3
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18,8
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-21,3
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3,1
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3,5
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4,8
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-
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| Unemployment over the next 12 months
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5,4
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79,8
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-59,8
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14,5
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20,7
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-9,3
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+
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| Expected inflation 12 months ahead
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2,1
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3,7
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0,5
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2,3
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2,4
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2,3
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¹) ++ The situation is very strong, + The situation is strong, - The situation is weak, -- The situation is very weak
Consumer Confidence Indicator (CCI)
Published: 25 February 2010
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Roger KnudsenDirector of Economic Tendency SurveyPhone: +46-8-453 59 06Mobile: +4670491 36 04Maria Andersson
Director of Consumer Tendency Survey
Phone: + 46-8-453 59 52 Sarah Hegardt Grant
Press Contact
Phone: +46-8-453 59 11
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