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Article: FINLAND'S SOLID CONSUMER BASE.
- Article from:
- Market Europe
- Article date:
- June 1, 2002
CopyrightCOPYRIGHT 2002 Media Contact Resources, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Finland has one of Europe's strongest and most stable consumer bases. Purchasing power in Finland is about 5 percent higher than the Northern European average and consumer confidence is faring better than in most other European nations.
Private sector consumption is highly concentrated in Southern Finland, which is home to most of the high-tech manufacturing facilities. Recent consolidation of Finland's telecommunications manufacturing base portends greater competitiveness and solid industrial gains as the global economy recovers late in 2002.
In spite of the generally negative economic climate in the European Union, unemployment in Finland steadily ...