The manufacturing confidence indicator in Finland was up by four points from the prior month to -4 in January 2023, but remained below its the long-term average of +1. Expectations about production for the coming months were less negative, while order books edged up from the previous month’s level but were still below normal levels. Meanwhile, stocks of finished goods went down. Furthermore, production capacity was fully utilized by 65% of the respondents. source: Confederation of Finnish Industries (EK)

Business Confidence in Finland averaged -0.47 points from 2005 until 2023, reaching an all time high of 23.00 points in November of 2021 and a record low of -37.00 points in March of 2009. This page provides - Finland Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Finland Industry Confidence - data, historical chart, forecasts and calendar of releases - was last updated on February of 2023.

Business Confidence in Finland is expected to be -1.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Finland Industry Confidence is projected to trend around 2.00 points in 2024 and 1.00 points in 2025, according to our econometric models.

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Finland Industry Confidence



Calendar GMT Actual Previous Consensus TEForecast
2022-12-27 06:00 AM Dec -8 -8 -9
2023-01-30 06:00 AM Jan -4 -8 -10
2023-02-27 06:00 AM Feb -4 -2


Related Last Previous Unit Reference
Business Confidence -4.00 -8.00 points Jan 2023
Capacity Utilization 79.10 80.80 percent Mar 2023

Finland Industry Confidence
The industrial confidence indicator measures the confidence among executives in the manufacturing sector. It is calculated from the answers to three questions: production expectations in the coming months, order backlog and finished product inventories compared to normal (in reverse).
Actual Previous Highest Lowest Dates Unit Frequency
-4.00 -8.00 23.00 -37.00 2005 - 2023 points Monthly
SA

News Stream
Finnish Business Morale Improves in January
The manufacturing confidence indicator in Finland was up by four points from the prior month to -4 in January 2023, but remained below its long-term average of +1. Expectations about production for the coming months were less negative, while order books edged up from the previous month’s level but were still below normal levels. Meanwhile, stocks of finished goods went down. Furthermore, production capacity was fully utilized by 65% of the respondents.
2023-01-30
Finnish Business Mood Remains at 2-Year Low
The manufacturing confidence indicator in Finland stood at -8 in December 2022, the same as in the previous month and remaining at its lowest reading since November 2020. Expectations about production for the coming months turned pessimistic while stocks of finished goods declined from the previous month’s level. Moreover, order books diminished from the November’s levels and were below normal levels. On a positive note, production capacity was fully utilized by 70% of the respondents.
2022-12-27
Finnish Business Confidence Lowest in Two Years
The manufacturing confidence indicator in Finland fell by two points from the prior month to -7 in November 2022, remaining below the long-term average of +1. It was the lowest manufacturing confidence since November 2020, as order books diminished from the previous month’s levels and were below normal levels. Meanwhile, production expectations for the coming months were stable. Stocks of finished goods expanded while production capacity was fully utilized by 71 % of the respondents.
2022-11-28