Sunday. 05.02.2023
PESSIMISM

Finland consumer sentiment, industrial confidence weakens

All four survey components weakened in December when compared to the previous month
Social-distance-supermarket-Finland-Prisma by Foreigner.fi
Photo: The Nomad Today/Foreigner.fi/File photo.

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

The consumer sentiment index decreased to -3.5 in December from 1.2 in November, Statistics Finland said.

All four survey components weakened in December when compared to the previous month.

Data was collected from 913 people between December 1 and 16.

Separately, data from the Confederation of Finnish Industries showed that the manufacturing confidence index fell to 18 in December from 23 in November. The reading was above the long-term average of +1.

Construction, service sector

The construction confidence indicator rose to 14 in December from 13 in the previous month. The reading was above the long-term average of -6.

The service sector confidence indicator improved to 21 in December from 20 in the previous month. The retail trade confidence fell eight points to 8 in December, which was above the long-term average of -1.

Finland consumer sentiment, industrial confidence weakens
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