Helsinki: Consumer confidence drops lower still

Consumers’ confidence in the economy has continued to deteriorate, with confidence in June dropping under May’s levels, according to Statistics Finland. Consumer confidence is now weaker than the same time last year and it has fallen below the long-term average.

Consumers held markedly gloomier views on their own finances, Finland’s economy and the development of unemployment than the long-term average. Nonetheless, they felt that unemployment threatened them less personally.

Consumers remained optimistic regarding their prospects for saving. They felt that saving was more worthwhile than buying durable goods or taking out loans.

Consumer confidence indicator in June was at 11.4, lower than May’s 15.4 and April’s 17.8. The long-term average stands at 13.3.

Anthony-Claret Onwutalobi
Anthony-Claret is a software Engineer, entrepreneur and the founder of Codewit INC and CEO of Portia Web Solutions. Mr. Claret publishes and manages the content on Codewit Word News website and associated websits. He's a writer, IT Expert, great administrator, technology enthusiast, social media lover and all around digital guy.

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