Tired of bleak economic news? Here are five indicators pointing to a more hopeful outlook for Finland | Yle News

8 comments

1. Yay, let’s cherry pick our way out of depression 🥰

2. Yessss! Cant wait to finally get an job interview in 10 years.

3. Only for Finland though. Prolly sucks to live anywhere else.

4. 

   no thanks give me more bad news

5. Card payment “zero” line: January 2020. At the onset of the pandemic. Doesn’t mean that people didn’t use cards more in 2025 than 2024 but the zero line has been chosen quite weirdly, probably the lowest point in the last ten years.

   Also, usage of cards does not mean increase in spending. It also was very hot month… I spend 200 more that month than average, i had to buy an AC and that also means my electric bills were higher than usual in the summer, about 30%.

6. Do the indicators include a coming collapse of the sinimusta hallitus?

7. I hope so too. I know too many professionals who are for the first time ever out of work. However, I have some complaints about this article and am generally cautious with these positive pieces they put out to try get people spending.

   “1. Wallets loosened in July.

   “*There’s been a shift in dynamics compared to spring and the start of the year,” says OP’s chief economist.*”

   Yeah, it is summer, people spend money. Spending more in summer compared to Spring and Winter doesn’t say anything to me. I can tell you that people I know have already started to curb their spending a bit now that the summer spend is gone. Maybe too anecdotal but I mean…it’s summer.

   “2. *Finns have money to spend. Bank accounts in Finland now hold more money as households save an unusually large share of their income. The chart below shows how deposits have grown*.”

   Savings have been increasing steadily since 2003. The chart they showed is misleading. Finns have grown savings steadily since 2003. Probably because income has beaten inflation. Another measure is [what % of income Finns are saving. ](https://tradingeconomics.com/finland/personal-savings)End of last year it was 5% being saved. This year Q1 it is 4.5%. So people are spending more. This is not a seasonally adjusted figure so it might just be Q1 is a season that more is spent. Dunno.

   [Tilasto shows the same,](https://stat.fi/en/publication/cm1kb4puu6m2d07w7qs0rr9vs) just the representation sucked compared to the link above.

   3. “*Fears ease, consumer confidence grows*”

   Consumer confidence is up from -8.6 to -6.4 Since December, which is a good sign, but if you look at the spikes from every year, they are often coinciding with warm weather outside of macroeconomic events (eg war).

   However, it is a good sign, will give Yle that.

   *4. “New industrial orders”*

   yep, good indicator.

   5. “*Finland’s economy grew slightly”*

   Yeah I will give them that. 0.4% isn’t much but better than nothing.

   Overall skeptical, but wait and see I suppose.

8. The only positive news is that it’s less than two years to the elections. Until then things will continue to get worse.

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