Finnish Business Confidence at a Solid Level in March


Finnish manufacturing confidence is clearly stronger than normal. However, the confidence indicator declined slightly in March. It scored +11 points while the revised figure was +14 in February. Confidence is well above its long-term average (+1).

The construction sector confidence indicator lost a few points in March. It scored 0 points, down from +3 in February. Despite the decline, the indicator is above its long-term average (-7).

Service sector confidence indicator scored +29 points in March (+28 in February). Confidence is clearly stronger than its long-term average (+13) and only one point lower than the highest value ever recorded.

Retail trade confidence is rather robust although the confidence indicator declined from the peak one month earlier. It scored +11 points in March (revised figure +22 in February) which is still well above its long-term average (-2).