Consumer confidence index in Finland fell in May

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Finnish consumer confidence continued to decline in May. As shown by the statistics of the country, the consumer confidence index in Finland fell to minus 1.8 points from April value of minus 1.7 points. The indicator, which determines household expectations regarding their own financial situation for the next 12 months, has slightly increased. At the same time, expectations regarding the country's economy have dropped. Consumers began to worry less about unemployment in May, while their ability to increase savings rose. The indicator, indicating a desire to spend money on durable goods, remained at the April level. According to the Confederation of Finnish Industry, the business confidence of Finnish manufacturing companies rose to 1 point in May from minus 1 point in April. At the same time, the service sector showed an increase in confidence from 3 points to 5 points.

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