28.09.202006:03:00UTC+00Finland's Industrial Confidence Remains Stable In September

Finland's industrial confidence remained unchanged in September, survey results from the Confederation of Finnish Industries EK showed on Monday.

The industrial confidence index held steady at -20 in September. The reading for August was revised from -19. The indicator remained well below the long-term average of +1 in September.

The construction sentiment index also remained stable at -15 in September. The long-term average was -6.

The balance of the services confidence dropped one point to -11 and was weaker than the long-run average.

At -5, the retail confidence turned negative in September, down from +2 in August. The long-term average was -1.

"It seems that the economic recovery is over, at least momentarily, Sami Pakarinen, EK's leading economist said. The near future looks very worrying.