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Finnish consumer confidence reach new highs

  • Consumer confidence rose to new highs in March
  • All four components of the CCI improved m-o-m and y-o-y
  • Record-high confidence not fully responsive to consumers’ actions

 Read why here

Janne Ronkanen

Economist

Finland

jaro06@handelsbanken.se

Latest analyses

2017-03-27

Markkinakatsaus

2017-03-27

Fast Comment Finland

2017-03-21

Fast Comment Finland
Latest from Speakers´ corner

Sura marknader efter Trumps miss

  • USA: Trump öppnar upp för samarbete med Demokraterna. Samtidigt uppmanas rebelliska republikaner för att stötta Trumps politik om de inte ska bli sidsteppade i framtida ärenden.
  • Sverige: Avtalsrörelsen går in i sitt slutskede. Parterna i industrin har fått tt bud som ska besvaras idag. Avtalet löper ut den 31 mars. Förhandlingarna behandlar utöver lön även mer flexibel arbetstid

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Keywords: USA, Politics, Sweden, Labour Market

The chart of the day

Calendar

Fri, Mar 24
      Graph Period Cons. fc Our fc Previous Actual
08:00 Finland Retail Trade ex auto February 2.4 -0.2
08:45 France GDP Q4 0.4/1.2 0.2 / 0.9 0.4 / 1.1
13:30 US Durable Goods Orders February 2.3 / -0.1 1.7 / 5
15:45 US Markit PMI Manufacturing March 54.8 54.2 53.4
Mon, Mar 27
      Graph Period Cons. fc Our fc Previous Actual
08:00 Finland Consumer Confidence March 20.8 22.9
09:30 Sweden Household Lending February / 7.1 / 7.1
10:00 Germany IFO - Business Climate March 110.8 111.1 112.3
10:00 Germany IFO - Expectations March 104.3 104.2 105.7
10:00 Germany IFO - Current Assessment March 117.9 118.4 119.3
16:30 US Dallas Fed Man. Activity Index March 21.0 24.5 16.9
Tue, Mar 28
      Graph Period Cons. fc Our fc Previous Actual
08:00 Finland House Prices February -0.5 / -0.9
09:05 Sweden Riksbank Governor Ingves speaks
09:30 Sweden Retail Sales, sa February 0.6/ 1.3
09:30 Sweden Retail Sales February /2.7 / 2.2
15:00 US House prices S&P/Case-Shiller January 0.8/5.6 0.9 / 5.6
16:00 US Consumer Confidence March 113.4 114.8
16:00 US Richmond Fed Man. Activity Index March 14 17
Wed, Mar 29
      Graph Period Cons. fc Our fc Previous Actual
09:00 Sweden Economic Tendency Survey March 110.0 111.6
09:00 Sweden Consumer Confidence (CCI) March 104.3 104.5
09:00 Sweden Manufacturing Confidence March 114.1 117.7
09:15 Sweden NIER publishes economic forecast 0.4
11:35 Sweden Riksbank Floden speaks
16:00 US Pending Home Sales, sa February 2.5 -2.8
Thu, Mar 30
      Graph Period Cons. fc Our fc Previous Actual
08:00 Norway Retail Sales ex auto sa February 0.2 1.4
08:00 Norway Household goods consumption February -23 / 0.8
09:00 Denmark Industrial Confidence Indicator March -2
11:00 Eurozone Industrial Confidence Indicator March 1.1 1.3
11:00 Eurozone Economic Confidence March 108.1 108
12:45 Norway Norges Bank Deputy Governor speaks
14:00 Germany HICP preliminary March 0.7 / 2.2
14:00 Germany CPI preliminary March 0.4/1.8 0.6 / 2.2
14:30 US GDP annualized, Q4 2.0 1.9
14:30 US Initial Jobless Claims W12 258K
Fri, Mar 31
      Graph Period Cons. fc Our fc Previous Actual
01:05 UK Consumer Confidence March -7 -6
01:50 Japan CPI February /0.3 0.1 / 0.5
08:00 Norway Credit Indicator Growth February 5.1 5.1
08:00 Norway Credit Indicator Growth, Households February 6.5
08:00 Germany Retail Sales Feb 0.5/-1.2
09:00 Denmark GDP Q4 0.2
09:00 Denmark Unemployment February 4.2
09:00 Denmark Unemployment, LFS 6.2
10:00 Germany Unemployment Rate, sa March 5.9 5.9
10:00 Norway Unemployment Rate (NAV) March 3.1 3.1
10:30 UK GDP October 0.7/2.0 0.7 / 2
11:00 Eurozone HICP Flash y-o-y March /1.8 1.7 / 2
14:30 US PCE Deflator February 0.1/2.1 0.4 / 1.9
14:30 US PCE Core February 0.2/1.7 0.3 / 1.7
15:45 US Chicago ISM March 56.8 57.4
16:00 US U. of Mich. Sentiment 97.8 97.6
Fri, Mar 24|
Mon, Mar 27|
Tue, Mar 28|
Wed, Mar 29|
Thu, Mar 30|
Fri, Mar 31
View the complete calendar

Latest publications in

Fast Comment Finland — Consumer confidence reached new highs in March

  1. Consumer confidence rose to new highs in March
  2. All four components of the CCI improved m-o-m and y-o-y
  3. Record-high confidence not fully responsive to consumers’ actions

Janne Ronkanen, Economist | jaro06@handelsbanken.se

The Week Ahead — March 27-31, 2017

Eurozone: Headline inflation has peaked
Sweden: We expect retail sales growth to accelerate
Norway: Retail spending still subdued

Marius Gonsholt Hov, Economist | maho60@handelsbanken.no

EMU Comment — PMI unexpectedly continues to rise

  1. PMI suggests GDP growth will pick up further
  2. Core countries probably led the increase
  3. Supports a more hawkish ECB

Rasmus Gudum-Sessingø, Economist | ragu02@handelsbanken.dk

UK Comment — UK retail sales rise in February, but momentum is weak

  1. Retail sales up 1.4% in February (consensus: +0.4%) after -0.5% in January and -2.1% in December
  2. Sentiment indicates limited upside to growth rates

Kari Due-Andresen, Chief Economist Norway | kadu01@handelsbanken.no

Fast Comment Norway — Survey unemployment much lower than expected; another sharp decline in labour participation

  1. LFS unemployment at 4.2 percent in January, down from 4.4 percent in December
  2. Much lower than expected; our and consensus estimate was 4.5 percent
  3. Unemployment pulled down again by a sharp decline in labour force participation

Marius Gonsholt Hov, Economist | maho60@handelsbanken.no

UK Comment — UK inflation surpasses the 2% target on the way up

  1. CPI at 2.3 percent and CPI core at 2.0 percent in February
  2. Cost pressure is high, but on the weak side of consensus
  3. Inflation increasing somewhat faster than the Bank of England has assumed

Kari Due-Andresen, Chief Economist Norway | kadu01@handelsbanken.no