Service Companies’ Confidence Improved in May

Service sector confidence improved somewhat in May. Confidence improved to an average level. The confidence indicator figure rose to +13, up from +9 in April. Its long-term average is also +13.

The Finnish manufacturing confidence weakened in May due to rising stocks of final goods. Only very slow production growth is expected. The Finnish manufacturing confidence indicator is still at a weak level. Its latest reading is -11 points, down from -8 in April. Its long-term average is +1.

Finnish construction confidence was rather stable in May. The confidence indicator scored -6 points which is one point less than the figure recorded one month earlier. Confidence is close to its long-term average (-8).

Service sector confidence improved somewhat in May. The confidence indicator figure rose to +13, up from +9 in April. Its long-term average is also +13.

Retail trade confidence was almost unchanged and the indicator is near to a normal level. The confidence indicator stood at 0 points (-1 in April) which is close to the long-term average of -2.

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