New consumer trust data shows that individuals’ confidence in their personal finances went up in June, though the overall level of consumer economic confidence remains below the long-term average.
Confidence in Finland’s economy remains below the long-term average level, despite being up on a year ago, new figures released by Statistics Finland show.
Consumer confidence for the month of June stayed at the same level as that of May, and was higher than April when trust in the economy slumped, according to the data. Overall the confidence figures this June are slightly higher than one year ago.
The consumer confidence indicator is based on four measures: people’s personal financial expectations, their feelings about the Finnish economy, the unemployment situation and households’ possibilities for saving.
The positive June figures are based on improved expectations for households’ personal finances compared to May. Other confidence measures remained unchanged or fell slightly.
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