Tag: Consumer confidence
The confidence of Finnish consumers has improved slightly, but the purchase of viewing properties has decreased
In January, 31% of consumers trusted that their own financial situation would improve, while only a fifth believed that the Finnish economy would improve over the next year. 40 percent, on the other hand, predicted a worsening of the nation's economic situation. The consumer confidence indicator was -9.1 in January, an improvement from -13.3 in…
2023: A tough year for Finnish real estate, a positive turn at the end of the year
A key factor in this downturn was the dramatic drop in home purchase intentions in the summer of 2022, which was mainly due to changes in the European Central Bank's interest rate policy. In April 2022, the 12-month Euribor rate, which is generally tied to Finnish mortgages, turned positive for the first time after a…
The Finnish housing market will rise in November 2023: Prices and transactions on the rise
Save events: A total of 4,524 sales of old apartments were reported, which is 11.5% more than the previous year. Sales of new apartments, on the other hand, fell by 55.4%, and only 174 transactions were made. Regional differences: The most significant increase in transaction volumes was in large cities. The rise was led by…
Consumer confidence in Finland is stable, but still weak
Respondents to the monthly confidence survey particularly noted their concerns about Finland’s current unemployment situation, which more than 60 percent thought was likely to worsen.
Consumer confidence is falling again
Respondents to the monthly Consumer Confidence Survey expressed their concern about Finland’s economic prospects and the deteriorating unemployment situation.
Nordea Survey: Finns think interest rates have risen permanently
Finns believe that interest rates have risen permanently. In Nordea’s recent housing survey, 2,000 Finns were asked about their expectations for the 12-month Euribor interest rate five years from now. The general consensus is that interest rates will fall slightly from their current levels, but will remain higher than in the past decade. The average…
Anxiety about the Finnish construction industry grows after Jukkatalo’s bankruptcy
“We had a solid order book, which we had to deliver to consumers at a price at which the projects were unprofitable for us”, Jukkatalo CEO Ilkka Sydänmetsä comment to STT.’ According to Helsingin Sanomat, bankruptcy proceedings were initiated against approximately 270 construction companies in the first six and a half months of the year.…
Consumer confidence remains at the same level, business confidence decreases
According to survey data, students are optimistic about job and housing prospects, while pensioners have the lowest consumer confidence.
Consumer confidence weakened in May after four months of improvement
At the same time, business confidence levels remained mostly unchanged, but some improvement was seen in the construction industry.
Consumer confidence is at its highest level in more than a year, but business prospects are still weak
The last time Finns showed higher confidence in the economy was in February 2022, just before Russia invaded Ukraine.
Consumer confidence at its highest level in a year
Consumer confidence has risen to the highest level since March 2022, according to Statistics Denmark. For April 2023, the consumer confidence of minus 18.2 was a significant improvement compared to a month earlier, when it stood at 23.1. This is the sixth monthly improvement in a row. However, Ekstra Bladet’s main article today questions whether…
Household confidence in the economy is still weak, says the chief economist of the Central Chamber of Commerce
In March, household confidence increased slightly, but the general mood is still gloomy. The value of the confidence indicator announced by Statistics Finland this morning was -10.8 in March. The corresponding figure in February was -11.9, which means that the trend is currently up, but we are still far from normal. The long-term average of…
Consumer confidence in Finland is still weak in March
Although consumer confidence levels are low, they are on the rise.
Gigantti starts negotiations on the dismissal of up to 100 jobs
The company blamed a challenging consumer electronics market, declining consumer confidence, and global price increases and high inflation.
The online store will fire 75 employees and lay off the rest
In January, the retailer issued a profit warning stating that its operations had been seriously affected by record low consumer confidence.
The acute crisis phase is over, says Finnair
The number of passengers transported by the airline increased by almost 61 percent to 2.5 million, which increased the passenger utilization rate to 72 percent. Topi MannerCEO of Finnair on Wednesday said the airline is leaving behind the acute three-year phase of the crisis and continues to recover. “This is another important step in the…
Apartment prices are falling and rents are rising: PTT
However, there are no signs of an imbalance in the housing market that could lead to a downward spiral or pose a risk to the economy. At the end of the year, the housing market is expected to recover, but the average prices of old apartment buildings will decrease by 2.5% throughout the country. “The…
OP: Housing prices in Finland continue to fall
The housing market has been hit by rising mortgage prices and historically low consumer confidence.
Sweden prepares for “grim winter”: finance minister
STOCKHOLM, Oct. 31 (Xinhua) — Sweden’s economy is headed for a “grim winter,” the country’s government said here Monday. – We do not yet know how cold and grim it will be, said Finance Minister Elisabeth Svantesson at a press conference here. The government expects Sweden’s gross domestic product (GDP) to shrink by 0.4 percent…
The decline in Helsinki apartment prices will continue until the end of 2023, says an economist
In the rest of the capital region, apartment prices continued to rise. Espoo and Kauniainen rose by 1.9 percent to 4,176 euros per square meter and Vantaa by 2.4 percent to 3,212 euros per square meter. In Espoo and Kauniainen, however, apartment prices fell by 1.8 percent in July-August. Juhana BrotherusThe chief economist of the…
The trust of Finnish consumers "the darkest in history" in July
According to Statistics Finland, Finnish consumer confidence fell to a new low in July. The agency said expectations for consumers’ personal finances were "darkest in measuring history." The Consumer Confidence Indicator (CCI) was -15.9 in July, which marked a decrease from the CCI level of -14.3 in June and -11.6 in May. The number-crunching agency…
Consumer confidence at its lowest ever – Statistics Denmark
Danmarks Satistik announced that consumer confidence has hit minus 25.6 for July – the lowest figure since registrations began. It is therefore the third month in a row with historically low consumer confidence in Denmark. According to Kristian Skriver from Dansk Erhverv, the declining purchasing power is largely to blame. “The historically high price increases…
The euro fell to a 20-year low against the US dollar
According to the ECB, the euro has fallen by more than nine percent against the US dollar since the beginning of this year. According to S&P Global, the industrial purchasing managers’ index (PMI), which measures the direction of economic development in the euro area, fell to 52.1 in June from 54.6 in May. “While the…
Consumer confidence in Finland plummeted to a historic low in June
Consumer confidence was at its lowest in June since the survey began in 1995, according to a recent survey by Statistics Finland. Expectations of one’s own and Finland’s economy during the year were quite strict, the most pessimistic in the history of research. Respondents estimate their own finances to be weak after a year. There…
Demand for mortgages has fallen in Finland, according to a barometer
The Russian war in Ukraine has shaken consumer confidence in the economic situation. The barometer results also reflect widespread expectations of rising interest rates as a result of rising consumer prices. “Russia’s military action in Ukraine creates a climate of general insecurity in Europe”, Mariia SomerlaSenior expert in Finance Finland, said To Helsingin Sanomat. “Rising…
YLE: Finnish consumers faced a “double” rise in prices and interest rates
Growth was one percentage point higher than forecast by the European Central Bank (ECB) in March. In Finland, inflation accelerated more than the euro area average by one point from the previous month. Timo HirvonenHandelsbanken’s chief economist told YLE on Tuesday that the ECB has understandably had to repeatedly revise its consumer price forecast due…
Consumer confidence in Finland will continue to weaken during April
Both consumer confidence and business expectations of economic development declined again during April. According to a study by Statistics Finland, consumer confidence has been weaker only on two previous occasions, with the onset of the Covid crisis in April 2020 and the end of the 2008 global financial crisis. Similar levels were recorded last month,…
Finnish consumer confidence fell to its third lowest level since 1995
The indicator was -1.7 in January and -3.0 in March 2021. Finnish consumers are currently pessimistic about their own and especially the national economy. Expectations of the national economy have not been as gloomy since December 2008, according to Statistics Finland. Consumers’ perceptions of their own economic situation and expectations of the general employment situation…
Consumer confidence is plummeting to a record low
Consumer confidence plummeted to its third lowest level since the start of accounting in March, according to a report released by Statistics Finland on Monday. The number-crushing agency began measuring consumer confidence in 1995 and did not report lower levels until April 2020 and the end of 2008. The agency found that its consumer confidence…
Ukraine’s impact: Consumer confidence at its lowest point this year
Clouds on the financial horizon?According to Statistics Denmark, the sharp fall is due to a marked fall in four of the five indicators that make up the overall level of consumer confidence. And in particular, consumers’ expectations of Denmark’s economy in a year’s time have decreased significantly. Consumers expect their family financial situation to be…
Report: Wages in Finland rose by 5% year-on-year in the last quarter
Wages in Finland were 5.2 per cent higher in October-December 2021 compared to the corresponding period in 2020, according to Statistics Finland on Monday. The report also revealed that wages grew in the last quarter of last year in all the main sectors of the Finnish economy, services (7.9 per cent), private education (5.4 per…