The confidence of industrial businesses is decreasing more rapidly in Finland than in the EU

In February the confidence of industrial businesses in Finland decreased significantly compared to the same month last year, down from 14.1 to -1.9.

In the same time, EU countries industrial businesses confidence have decreased significantly, down from 8 to -0.2 on average. This is the lowest recorded level since October 2016.

Finland now has the ninth lowest confidence of industrial businesses in the EU compared to the other 28 countries. Ireland has the highest confidence of industrial businesses (19.4 points), while Luxembourg ranks last (-12.2 points).

Confidence of industrial businesses in EU countries

The whole country2019 (February)2018 (February)Change
Austria-1.312.6-13.9
Belgium-2.41.3-3.7
Bulgaria-0.83.8-4.6
Croatia14.117.7-3.6
Cyprus-110.8-11.8
Czech Republic-0.32.7-3
Denmark-4.71.2-5.9
Estonia0.57.9-7.4
Finland-1.914.1-16
France-6.23.7-9.9
Germany1.614.2-12.6
Greece-1.24.2-5.4
Hungary12.914-1.1
Ireland19.414.5+4.9
Italy-3.65.6-9.2
Latvia0.91.8-0.9
Lithuania-2.4-5.6+3.2
Luxembourg-12.2-5.4-6.8
Malta1.113.9-12.8
Netherlands3.48.1-4.7
Poland-7.1-2.8-4.3
Portugal-1.42.6-4
Romania0.81.6-0.8
Slovakia4.38.7-4.4
Slovenia1.712.5-10.8
Spain-5.22.4-7.6
Sweden1314.7-1.7
United Kingdom-0.26.4-6.6

About the industrial indicator

This indicator is based on businesses surveyed on production, employment expectations, order-book levels, stocks of finished products and selling price.

For all surveys the difference between positive and negative answers (in percentage points of total answers) are averaged to calculate an indicator.

The economic sentiment indicator (ESI) is calculated as an index with mean value of 100 and standard deviation of 10 over a fixed standardised sample period.

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