Finland: Economic sentiment rises to six-month high in July
Economic sentiment came in at 88.5 in July, up from June’s 87.7. July’s result marked the best performance since January. That said, the index remained entrenched below the long-term average of 100, pointing to a downbeat near-term outlook for the economy.
The headline print reflected stronger sentiment in the industrial and construction sectors. Moreover, confidence in the services sector was healthier in July. Less positively, sentiment in the retail sector and among consumers weakened in the surveyed month.
Regarding indicators that are not used to calculate the index, employment expectations improved, while the economic uncertainty index decreased in July.