No Clear Improvement in Business Confidence


Finnish manufacturing confidence indicator declined to -10 points in November (revised figure -7 in October). Confidence is clearly below its long-term average (+1). Only slow production growth is expected for the next few months.

The Finnish construction confidence indicator stayed unchanged in November. It scored +2 points (+2 points in October, too) while its long-term average is -8.

Finnish service sector confidence indicator gained a few points in November and confidence is approaching its long-term average (+13). The latest indicator figure is +10 (+6 in October).

Confidence in retail trade turned down in November. The confidence indicator scored -14 points (October figure was revised up to -3) while its long-term average is -2.