Finland’s consumer and industrial confidence improved in January, separate survey results showed on Wednesday.
The consumer sentiment index rose to -0.9 in January from -4.6 in December, Statistics Finland said.
Among the four components, households’ expectations of their own [economy][1] improved in January and intentions to spend money on durable goods increased.
Households’ expectations concerning Finland’s economy and expectation concerning one’s own economy were on the long-term average level.
The data was collected from 1,065 persons between January 1 and 19.
Data from the Confederation of Finnish Industries showed that the manufacturing confidence index rose five points to 0 in January from -5 in December. The reading was well below the long-term average of +1.
The construction confidence indicator decreased to -19 in January from -15 in December. The reading was weaker than its long-term average of -6.
The service sector confidence indicator rose to -4 in January from -9 points in the previous month.
The retail trade confidence gained three points to +1 in January, which was above the long-term average of -1.
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