Finland's consumer confidence remained weak in August, after deteriorating sharply in the previous month, data released by Statistics Finland showed Monday.
The consumer confidence index came in at 0.5 in August, up slightly from 0.1 recorded July. In August 2011, the reading was 5.1.
Confidence changed only fractionally from the previous month in all four components of the consumer confidence indicator, the agency said.
Households' views of their own financial situation turned less upbeat during the month, with the relevant indicator declining to 2.6 from 3.6 in the previous month.
Consumers' confidence in the country's economic condition remained weak in August. The corresponding indicator moved up slightly to -18.1 from -18.7 in July.
Finnish households' views of their prospects for savings in the next twelve months turned more optimistic during the month, with the relevant index rising to 13.2 from 12 in the preceding month, data showed.
by RTT Staff Writer
For comments and feedback: editorial@rttnews.com
Economic News