Finnish consumers are spending less than their Nordic counterparts, says Nordea

CONSUMER SPENDING cooled down across the Nordics in June, indicate card payment statistics compiled by Nordea and reported by Helsingin Sanomat.

Finland recorded the most dramatic decline both in terms of the nominal value and inflation-adjusted value of card payments, with both falling by roughly four per cent from June 2023. The nominal value of card payments stayed close to the previous year in Denmark, Norway and Sweden.