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Finnish consumer confidence improves

Consumer confidence in the Finnish economy did not weaken in the final quarter of last year, but improved slightly, according to a poll by EPSI Rating.

The research organisation says Finns’ sunnier outlook can be attributed to less bad news from Europe at the end of the year than last summer, when Finnish consumer sentiment nosedived.

While the outlook now is slightly brighter, Finns do not expect to see much improvement in the country’s economic situation, according to the survey.

Those with the smallest incomes, such as students and the unemployed, were the most upbeat about prospects for their own and the country’s finances.

Across the Nordics, consumer sentiment remains weak in relation to indicators from 2010. EPSI’s survey data suggests Russia is the only country in the region experiencing a significant increase in confidence.

EPSI surveyed 5,000 Finns between October and December 2011.

Sources: YLE