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

Published: 2019-02-28

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).

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

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.


Notes
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.

Get the data
As excel file As csv file

The data has been gathered from Eurostat. Get the original data here.

Powered by Google Translate
THIS SERVICE MAY CONTAIN TRANSLATIONS POWERED BY GOOGLE. GOOGLE DISCLAIMS ALL WARRANTIES RELATED TO THE TRANSLATIONS, EXPRESS OR IMPLIED, INCLUDING ANY WARRANTIES OF ACCURACY, RELIABILITY, AND ANY IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT.