FOREX TradingCharts.com

Financial News: Finland Households More Pessimistic Than Ever, Business Mo

Finland Households More Pessimistic Than Ever, Business Morale Stagnates

12/27/2022 - 02:11:00 (RTTNews)

(RTTNews) - Finland's consumer confidence worsened to a survey record low in December, as households were ever more pessimistic and gloomiest about their economy at present, survey figures from Statistics Finland showed on Tuesday.

The industrial sentiment remained stable at the end of the year after falling in the previous nine months, separate data from the Confederation of Finnish Industries revealed.

The consumer confidence index dropped to -18.5 in December from -16.9 in November.

The latest figure is the weakest in their measuring history from 1995 to 2022, the agency said.

The data was collected from 1,008 persons between December 1 to 15.

Consumers' views on their own economy at present were ever more pessimistic and gloomiest in measuring history, and expectations concerning their own economy also weakened.

There was a slight improvement in expectations regarding Finland's economy, but it remained very weak.

Households' intentions to spend money on durable goods also were at a record low, as they considered this was very poor for buying goods and raising a loan did not seem tempting either.

The survey revealed the highest inflation estimates in the survey's history, but expectations concerning it declined slightly further.

The industrial confidence index came in at -8 in December, unchanged from November, the Confederation of Finnish Industries said.

The construction confidence index declined two points to -14 in December. The reading was above the long-term average of -6.

The retail confidence indicator fell considerably by 10 points to -23 from -13. Meanwhile, the service sector confidence indicator improved to 4 from 1.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2022 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Australia Retail Sales Sink 3.9% In December (01 hr(s), 42 min(s), 37 sec(s) ago)
(RTTNews) - The value of retail sales in Australia was down a seasonally adjusted 3.9 percent on m ...Full Story»

Australia Retail Sales Data Due On Monday (03 hr(s), 53 min(s), 37 sec(s) ago)
(RTTNews) - Australia will on Monday release Q4 numbers for retail sales, highlighting a light day ...Full Story»

U.S. Service Sector Activity Rebounds Much More Than Expected In January (10 hr(s), 58 min(s), 37 sec(s) ago)
(RTTNews) - After reporting a contraction in U.S. service sector activity in the previous month, t ...Full Story»

Brazil's Service Sector Loses Growth Momentum Amid Inflationary Pressures (11 hr(s), 40 min(s), 37 sec(s) ago)
(RTTNews) - Brazil's service sector expanded at the weakest pace in twenty months amid rising ...Full Story»

U.S. Job Growth Far Exceeds Expectations In January, Unemployment Rate Drops To 53-Year Low (12 hr(s), 02 min(s), 37 sec(s) ago)
(RTTNews) - Job growth in the U.S. unexpectedly showed a substantial acceleration in the month of ...Full Story»

Hong Kong Retail Sales Rebound In December (12 hr(s), 47 min(s), 37 sec(s) ago)
(RTTNews) - Hong Kong's retail sales value rose in December as the economic sentiment improved ...Full Story»

U.S. Employment Spikes Much More Than Expected In January (12 hr(s), 46 min(s), 37 sec(s) ago)
(RTTNews) - Job growth in the U.S. unexpectedly showed a substantial acceleration in the month of ...Full Story»

Recovery In Eurozone Private Sector Eases Fear Of Recession (13 hr(s), 08 min(s), 37 sec(s) ago)
(RTTNews) - Eurozone private sector moved into the expansion zone in January for the first time in ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Australia Retail Sales Sink 3.9% In December

02/05/2023 - 19:41 PM (RTTNews)
(RTTNews) - The value of retail sales in Australia was down a seasonally adjusted 3.9 percent on m ...Full Story>>

Australia Retail Sales Data Due On Monday

02/05/2023 - 17:30 PM (RTTNews)
(RTTNews) - Australia will on Monday release Q4 numbers for retail sales, highlighting a light day ...Full Story>>

U.S. Service Sector Activity Rebounds Much More Than Expected In January

02/03/2023 - 10:25 AM (RTTNews)
(RTTNews) - After reporting a contraction in U.S. service sector activity in the previous month, t ...Full Story>>

Brazil's Service Sector Loses Growth Momentum Amid Inflationary Pressures

02/03/2023 - 09:43 AM (RTTNews)
(RTTNews) - Brazil's service sector expanded at the weakest pace in twenty months amid rising ...Full Story>>

U.S. Job Growth Far Exceeds Expectations In January, Unemployment Rate Drops To 53-Year Low

02/03/2023 - 09:21 AM (RTTNews)
(RTTNews) - Job growth in the U.S. unexpectedly showed a substantial acceleration in the month of ...Full Story>>

Do not sell my personal information

Copyright © 2023. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.