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Finland's consumer confidence index decreased in November, ending the improvement in confidence that began in spring, the Statistics Finland said Friday.
The consumer confidence index stood at 10.9 in November, down from 12.3 in the previous month, but was better than the reading seen in November last year and only slightly lower than the long-term average.
In November, consumers became more cautious about their own as well as Finland's economic situation in the next 12 months, and their views about their own and the general employment situation remained weak. However, consumers' view about saving possibilities improved and they considered it a good time to raise a loan and buy durable goods.
During the month, the index measuring consumers' own economic situation in 12 months dropped to 7.4 from 9, while the corresponding index on Finland's economic situation decreased to 18.2 from 21.4. Further, the gauge measuring Finland's unemployment situation worsened to minus 29.8 from minus 24.1. However, the index on households' saving possibilities rose to 47.8 from 43.
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