The manufacturing confidence indicator in Finland rose by 1 point from the previous month to -12 in May 2023, but remained below its long-term average of +1. Expectations about production for the coming months were less negative. Conversely, order books declined further while stocks of finished goods also dropped but were still higher compared to the normal level. Moreover, production capacity was fully utilized by 62% of the respondents. source: Confederation of Finnish Industries (EK)

Business Confidence in Finland averaged -0.63 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 June of 2023.

Business Confidence in Finland is expected to be -4.00 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
2023-04-27 05:00 AM Apr -13 -12 -10
2023-05-29 05:00 AM May -12 -13 -12
2023-06-27 05:00 AM Jun -12 -4


Related Last Previous Unit Reference
Business Confidence -12.00 -13.00 points May 2023
Capacity Utilization 76.30 79.10 percent Jun 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
-12.00 -13.00 23.00 -37.00 2005 - 2023 points Monthly
SA

News Stream
Finnish Business Mood Improves But Remains Weak
The manufacturing confidence indicator in Finland rose by 1 point from the previous month to -12 in May 2023, but remained below its long-term average of +1. Expectations about production for the coming months were less negative. Conversely, order books declined further while stocks of finished goods also dropped but were still higher compared to the normal level. Moreover, production capacity was fully utilized by 62% of the respondents.
2023-05-29
Finnish Business Mood Remains Weak
The manufacturing confidence indicator in Finland fell by 1 point from a month earlier to -13 in April 2023, and remaining well below the long-term average of +1. It was the lowest reading since November 2020, as production for the coming months is expected to decline and order books continued to drop. Meanwhile, stocks of finished goods decreased from the previous month’s level but were still above normal levels, and production capacity was fully utilized by 63% of the respondents.
2023-04-27
Finnish Business Morale at 28-Month Low
The manufacturing confidence indicator in Finland declined by 6 points from the previous month to -12 in March 2023, well below the long-term average of +1 and marking the lowest reading since November 2020 due to weaker demands. Production for the coming months was projected to drop. Meanwhile, order books fell further, and stocks of finished goods continued to rise. Also, production capacity was only fully utilized by 60% of the respondents.
2023-03-27