Coronavirus hits Confidence in Finnish Industries
In April the manufacturing confidence indicator decreased 16 points from February. Confidence was -23 in April (-6 in March). The long-term average is +1. Production is expected to decrease heavily in the near future.
The construction confidence indicator scored -28 in April, which is 25 points lower than in March. The indicator is clearly below its long-term average which is -6.
The service sector confidence indicator scored -48 points in April, which is 42 points less than in March. Confidence is far away from the long-term average (+13).
Retail trade confidence lost staggering 21 points in April. The latest standing is -37, which is below the long-term average (-1).
- Business Confidence Indicator, April 2020