Tuesday, January 29, 2008

Finnish Consumers’ Confidence in Economy Continues to Weaken

Recent pessimistic economic news as well as the uncertainty of the financial market have unsettled Finns’ belief in the economic outlook. According to the data gathered by Statistics Finland’s Consumer Survey, Finnish consumers’ confidence in the economy was in January already slightly weaker than the long-term average.

The consumer confidence indicator stood at 13.1 in January, having been 20.3 in August 2007, while the long-term average is 13.9. In January, Finns still believed that the financial situation of their own household would remain good, even though their views concerning their own economy were more cautious than before.


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