Wednesday 9/29/21
BUSINESS

Finland consumer sentiment, industrial confidence weakens in July

The data was collected from 956 people between 1 and 19 July
Finnish residents and tourists this summer on a terrace in Lappeenranta. Photo: Foreigner.fi.
Finnish residents this summer on a terrace in Lappeenranta. Photo: Foreigner.fi.

Finland's consumer confidence and industrial morale weakened in July, separate survey results showed.

The consumer sentiment index decreased to 4.4 in July from 4.6 in June, Statistics Finland said.

Screenshot 2021-07-28 at 09-15-36 Statistics Finland - Consumer ConfidenceSource: Statistics Finland.

Among the four components, expectation concerning consumers' own economic at present improved in July and intentions to spend money on durable goods increased. Meanwhile, household's expectations concerning own economy in the next 12 months and expectations concerning Finland's economy strengthened.

The data was collected from 956 people between 1 and 19 July.

Data from the Confederation of Finnish Industries showed that the manufacturing confidence index fell two points to 17 in July from 19 in June. The reading was above the long-term average of +1.

The construction confidence indicator increased to -3 in July from -9 in June. The reading was weaker than its long-term average of -7.

The service sector confidence indicator rose seven points to 22 in July. The retail trade confidence also grew seven points to 13 in July, which was above the long-term average of -1.

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