Finland: Economic sentiment picks up to a two-year high in August
Economic sentiment came in at 89.6 in August, up from July’s 88.7. August’s result marked the best reading since August 2022. That said, the index remained below the long-term average of 100, pointing to a muted near-term outlook for the economy.
The headline print chiefly reflected improved sentiment in the industrial sector. Less positively, sentiment in the construction and retail sectors deteriorated, and confidence in the services sector waned in August. Meanwhile, consumer sentiment was unchanged in August.
Regarding indicators that are not used to calculate the index, employment expectations weakened, while the economic uncertainty index increased in August.