Consumer confidence in the Finnish economy weakened in March

Consumer confidence in the Finnish economy weakened in March

According to Statistics Finland’s survey, the average person’s assessment of the Finnish economy weakened slightly in March.

The consumer confidence indicator was -3.0 in March, down from -0.9 in January and -0.8 in February.

Expectations of where the economy would be in 12 months "clearly impaired"Statistics Finland said that people’s perception of the unemployment situation is also growing gloomier.

The CCI in March last year was -7.1. The long-term average of the economic indicator is -1.8.

However, the respondents rated their own financial situation as the best ever, and the highest measurement result has been recorded since 1995.

Consumers considered March to be a good time to save, but bad to take out a loan or buy durable goods, Statistics Finland said. Despite this, many respondents still said they plan to borrow money over the next year, and buying or renovating a home is a common factor.

According to Statistics Finland, consumer confidence in the economy was strongest in the Greater Helsinki area (CCI 1.2) and weakest in northern Finland (-8.3). Demographically, students were the most optimistic (7.4), while the unemployed had the most pessimistic view of the country’s economic outlook (-12.9).

Source: The Nordic Page

Related Posts:

Ads Block Detector Powered by

Ads Blocker Detected!!!

Hi there! We have noticed that you are using an ad blocker. When you use an ad blocker, we will detect it and display this message. We understand that you want to reduce the annoyance of ads, but we also want you to know that ads are our main source of revenue to keep our website running. If you are willing to disable your ad blocker or whitelist our website, we can continue to provide high-quality content and services. In addition, you can enjoy a better browsing experience as the ads will display more relevant content based on your interests. Thank you for your understanding and support!