Cyclical|The financial confidence of companies also improved slightly except for the construction industry.
Consumer Confidence in the economy improved slightly in March, says Statistics Finland. The balance of the consumer confidence indicator was -8.2 in March, compared to -9.0 in February. In January, the indicator balance was -8.4.
The long -term indicator is -2.6.
Consumers’ view of the current state of their own economy improved slightly in March compared to February, but the estimate remained very weak. Expectations for the future of your own and the Finnish economy remained silent.
The time was still considered very unfavorable to the purchase of permanent goods, and there were few money spent on consumption. There were also fewer dwelling intentions than normal.
The expectation of general unemployment development was grim, and the threat of unemployment was also considered to be high.
Financial trust Exceptionally the strongest in Eastern Finland in March. The weakest confidence was outside the Helsinki metropolitan area in southern Finland. Of the socio -economic groups, entrepreneurs were remarkably optimistic. In March, the unemployed in March.
In March, women continued to describe economic development clearly darker than men.
Economist of the Finnish Entrepreneurs Roope Ohlsbom According to consumers’ poor trust, a positive turnaround in the Finnish economy continues to delay.
“Consumers’ confidence is central to the economy, as household consumption is about half of Finland’s GDP,” Ohlsbom writes in his email comment.
Statistics Finland’s data is based on a consumer trust survey, which was answered by just under 1,300 people living in Finland in March.
Business According to the Confederation EK, companies’ confidence in the economy improved slightly in March. Only in the construction industry the confidence indicator decreased. In industry, services and retail, balance figures rose slightly.
In March, the construction confidence indicator declined to read -35. The February balance number was -30. The confidence indicator is significantly below the long -term average, which is -8.
In March, an indicator of industry confidence rose to the balance -5. The February reading was -6.
The balance of the confidence indicator of the services increased to +4, while the February reading was +3. The retail confidence indicator rose to -2 when the February balance was -4.
EK’s chief economist Pencil urrilan According to the EK March cycle, the situation of Finnish companies is gradually gaining strengthening.
“Expectations for positive cyclical development are intensifying, and now the economic situation has also begun to improve. Still, the estimates of Finnish companies are the EU average, and the weak situation of our construction companies is particularly worrying,” Urrila says in the release.
According to Ohlsbom of Finnish Entrepreneurs, companies are in the light of the latest figures in optimistic but in the waiting mood.
“The direction of the economy strongly depends on, among other things, the recovery of private consumption and the US President Donald Trump The twists and turns of the Lätsoma trade war whose hardly predictable developments are closely followed by companies, ”Ohlsbom writes.