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Finnish consumer confidence continued to decline in May. As shown by the statistics of the country, the consumer confidence index in Finland fell to minus 1.8 points from April value of minus 1.7 points. The indicator, which determines household expectations regarding their own financial situation for the next 12 months, has slightly increased. At the same time, expectations regarding the country's economy have dropped. Consumers began to worry less about unemployment in May, while their ability to increase savings rose. The indicator, indicating a desire to spend money on durable goods, remained at the April level. According to the Confederation of Finnish Industry, the business confidence of Finnish manufacturing companies rose to 1 point in May from minus 1 point in April. At the same time, the service sector showed an increase in confidence from 3 points to 5 points.
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
The reimplementation of virus-related lockdowns in some states dragged the U.S. economic outlook in the past month, according to economists in a Reuters poll who also warned that the monitored rebound in employment may reverse by the end of ...
On Wednesday, Tesla Inc. (TSLA.O) posted its second-quarter profit worth $104 Million from April to June despite shutting down its electric vehicle factory in Fremont, California for roughly seven weeks due to the coronavirus pandemic. Tesla ...
The Dollar traded lower earlier on Thursday in European markets after new hope of an economic recovery in Europe bolstered sentiment. The Dollar index fell by 0.1% to 954.808 at 3:10 AM ET (0710 GMT), gaining only slightly from the four-month ...
Japan's industrial output is expected to recover in June from a double-digit decline in May amid hopes that factory activity may have reached its lowest due to the coronavirus pandemic, according to a Reuters’ poll of 13 economists. While ...
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