FX.co ★ Finland Consumer Confidence Remains Stable; Business Morale Weakens

Finland's consumer confidence stayed unchanged and negative in June, survey figures?from Statistics Finland showed on Tuesday. ? Separate data from the Confederation of Finnish Industries revealed that industrial sentiment continued?its falling trend at the end of the second quarter. ? The consumer confidence index came in at -8.8 in June, the same as in the previous month. ? Further, the latest score was also well below the long-term average of -2.2, the agency said. ? The data was collected from 994 people between June 1 and 15. ? Out of the four components, only the estimate concerning consumers' own economy at present improved in June from May. ? Compared to May, consumer expectations regarding their own and Finland's economies remained roughly unchanged in June, and intentions to buy durable goods in the next 12 months also weakened slightly. ? The industrial confidence index worsened to -16 in June from -12 in May, the Confederation of Finnish Industries said. ? Production is expected to decrease in the coming months, and order backlogs have continued to fall. ? The construction confidence indicator fell markedly to -26 in June from -9 in the prior month. ? Meanwhile, the service sector confidence index remained zero, while morale in the retail sector dropped marginally to -10 from -8.