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Financial News: Finland Manufacturing Confidence Falls Sharply In April

Finland Manufacturing Confidence Falls Sharply In April

04/27/2020 - 03:31:00 (RTTNews)

(RTTNews) - Finland's manufacturing sentiment weakened sharply in April as the Covid-19 pandemic hurt expectations, survey data from the Confederation of Finnish Industries showed on Monday.

The manufacturing confidence index decreased to -23 in April from -6 in March. The reading was well below its long-term average of +1.

Manufacturers expect production to fall severely in near future.

The construction confidence indicator decreased 25 points to -28 in April. This was below its long-term average of -6.

The service sector confidence indicator dropped forty-two points to -48 in April. This was far below the long-term average of +13.

The retail trade confidence declined to -37 in April from -16 in March, well below its long term average of -1.

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