Consumer confidence in Finland improved in April, with the indicator moving up to 1.0 from minus 1.5 in March, the Statistics Finland said Monday. The indicator also came in better than December 2008's reading of minus 6.5, when it reached a low level.
The increase in confidence indicator in April was mainly due to an rise in consumer's assessment of the country's own economic situation in the next 12 months and the unemployment situation in the next one year.
The indicator measuring Finland's economic situation in 12 months time increased to minus 2.7 from minus 13.6 in March. Further, the indicator measuring the country's unemployment situation moved up to minus 42 from minus 46.1 in the preceding month.
However, the indicator measuring the household's saving possibility in the next 12 months decreased to 45.3 from 50.3 in March. At the same time, the indicator measuring consumers' own economic situation in 12 months time remained unchanged at 3.4.
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