Business Confidence Roughly Unchanged in August


Business confidence of the Finnish manufacturing companies stayed roughly unchanged at a solid level. The indicator scored +13 points in August (+14 in July) while its long-term average is +1.

Construction sector confidence recovered briskly after its decline one month earlier. The confidence indicator climbed to +13 points (-3 in July). The indicator is well above its long-term average (-7).

Service sector confidence indicator scored +18 points in August, slightly down from the revised reading of +19 points in July. Nevertheless, it is above its long term average (+14).

Retail trade confidence weakened somewhat in August. The confidence indicator decreased to +12 points (revised figure +18 in July). However, confidence is well above its long-term average (-1).