ConsumersÃ¢â‚¬â„¢ confidence in the economy has continued to deteriorate, with confidence in June dropping under MayÃ¢â‚¬â„¢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, FinlandÃ¢â‚¬â„¢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 MayÃ¢â‚¬â„¢s 15.4 and AprilÃ¢â‚¬â„¢s 17.8. The long-term average stands at 13.3.