The technology industry represents a significant portion of the Finnish economy, accounting for 50% of exports, 75% of private R&D investment, and employing 30% of the labor force. It is comprised of five subsectors: electronics/electrotechnical, metals, mechanical engineering, consulting engineering, and information technology. While the industry has experienced structural changes and uneven development between companies, overall turnover increased slightly in 2015 and order books grew year-over-year as of December 2015.
Finnish technology industry, March 2016TechFinland
The Finnish technology industry is comprised of five sub-sectors: electronics/electrotechnical, metals, mechanical engineering, consulting engineering, and information technology. It accounts for 50% of Finnish exports, 75% of private R&D investment, and employs about 30% of Finland's workforce. In 2015, the industry's turnover remained the same as 2014 at €67.7 billion, lower than its pre-crisis level. New orders in the last quarter of 2015 were 8% lower than the previous year but 2% higher than the prior quarter, while year-end order books were up 15% year-over-year and 3% over the previous quarter.
Finnish technologyindustry in numbers (October 2015)TechFinland
The Finnish technology industry is comprised of five sub-sectors: electronics and electrotechnical, metals, mechanical engineering, consulting engineering, and information technology. It accounts for 50% of Finnish exports, 75% of private R&D investment, and employs over 280,000 people directly and 700,000 total. While the industry has struggled since the financial crisis, new orders increased 14% in Q2 2015 compared to the previous year and order books were up 22% in June 2015, indicating growth in the sector.
Finnish technology industry and economy: September 2015TechFinland
The Finnish technology industry is comprised of five sub-sectors: electronics and electrotechnical, metals, mechanical engineering, consulting engineering, and information technology. It accounts for 50% of Finnish exports, 75% of private R&D investment, and employs over 280,000 people directly and 700,000 total. While the industry has struggled since the financial crisis, new orders increased 14% in Q2 2015 compared to the previous year and order books were up 22% in June 2015, indicating growth in the sector.
Finnish technology industry in numbers, December 2015TechFinland
The Finnish technology industry is comprised of five sub-sectors: electronics/electrotechnical, mechanical engineering, metals, consulting engineering, and information technology. It accounts for 50% of Finnish exports, 75% of private R&D investment, and employs over 280,000 people directly and 700,000 total. The industry has seen declines in new orders, exports, and employment in recent years. Electronics/electrotechnical and mechanical engineering have been particularly impacted, while consulting engineering's order books have grown.
- The technology industry in Finland comprises five sub-sectors: mechanical engineering, electronics and electrotechnical, information technology, metals, and consulting engineering.
- It accounts for 50% of total Finnish exports, 75% of private R&D investment, and employs almost 280,000 people directly and 700,000 total.
- In 2014, the largest sub-sectors by turnover were mechanical engineering at 27.2 billion euros and electronics/electrotechnical at 15.1 billion euros.
Finnish Technology Industry, January 2016TechFinland
The document provides an overview of the technology industry in Finland, which comprises five sub-sectors: electronics/electrotechnical, metals, mechanical engineering, consulting engineering, and information technology. It notes that the technology industry accounts for 50% of Finnish exports, 75% of private R&D investment, and employs over 280,000 people directly and 700,000 total. Charts show trends in the industry's turnover, exports, new orders, order books, and employment from 2005-2015. The number of employees in the industry is projected to decline in the coming years due to retirements.
Finnish technology industry in statiscs, November 2015TechFinland
The Finnish technology industry is comprised of five sub-sectors: electronics/electrotechnical, mechanical engineering, metals, consulting engineering, and information technology. It accounts for 50% of Finnish exports, 75% of private R&D investment, and employs over 280,000 people directly and 700,000 total. The industry has experienced declines in new orders and order books recently compared to last year and the previous quarter across most sub-sectors.
Finnish techcnology industry: Situation and Outlook (June 2014) TechFinland
The document discusses the technology industry in Finland, which comprises five sub-sectors: mechanical engineering, electronics and electrotechnical industry, information technology, metals industry, and consulting engineering. It provides an overview of the sectors' turnover, exports, employment levels, and order book trends in recent years. The technology industry is a major part of the Finnish economy, accounting for 55% of exports, 80% of private R&D investment, and employing almost 290,000 people directly.
Finnish technology industry, March 2016TechFinland
The Finnish technology industry is comprised of five sub-sectors: electronics/electrotechnical, metals, mechanical engineering, consulting engineering, and information technology. It accounts for 50% of Finnish exports, 75% of private R&D investment, and employs about 30% of Finland's workforce. In 2015, the industry's turnover remained the same as 2014 at €67.7 billion, lower than its pre-crisis level. New orders in the last quarter of 2015 were 8% lower than the previous year but 2% higher than the prior quarter, while year-end order books were up 15% year-over-year and 3% over the previous quarter.
Finnish technologyindustry in numbers (October 2015)TechFinland
The Finnish technology industry is comprised of five sub-sectors: electronics and electrotechnical, metals, mechanical engineering, consulting engineering, and information technology. It accounts for 50% of Finnish exports, 75% of private R&D investment, and employs over 280,000 people directly and 700,000 total. While the industry has struggled since the financial crisis, new orders increased 14% in Q2 2015 compared to the previous year and order books were up 22% in June 2015, indicating growth in the sector.
Finnish technology industry and economy: September 2015TechFinland
The Finnish technology industry is comprised of five sub-sectors: electronics and electrotechnical, metals, mechanical engineering, consulting engineering, and information technology. It accounts for 50% of Finnish exports, 75% of private R&D investment, and employs over 280,000 people directly and 700,000 total. While the industry has struggled since the financial crisis, new orders increased 14% in Q2 2015 compared to the previous year and order books were up 22% in June 2015, indicating growth in the sector.
Finnish technology industry in numbers, December 2015TechFinland
The Finnish technology industry is comprised of five sub-sectors: electronics/electrotechnical, mechanical engineering, metals, consulting engineering, and information technology. It accounts for 50% of Finnish exports, 75% of private R&D investment, and employs over 280,000 people directly and 700,000 total. The industry has seen declines in new orders, exports, and employment in recent years. Electronics/electrotechnical and mechanical engineering have been particularly impacted, while consulting engineering's order books have grown.
- The technology industry in Finland comprises five sub-sectors: mechanical engineering, electronics and electrotechnical, information technology, metals, and consulting engineering.
- It accounts for 50% of total Finnish exports, 75% of private R&D investment, and employs almost 280,000 people directly and 700,000 total.
- In 2014, the largest sub-sectors by turnover were mechanical engineering at 27.2 billion euros and electronics/electrotechnical at 15.1 billion euros.
Finnish Technology Industry, January 2016TechFinland
The document provides an overview of the technology industry in Finland, which comprises five sub-sectors: electronics/electrotechnical, metals, mechanical engineering, consulting engineering, and information technology. It notes that the technology industry accounts for 50% of Finnish exports, 75% of private R&D investment, and employs over 280,000 people directly and 700,000 total. Charts show trends in the industry's turnover, exports, new orders, order books, and employment from 2005-2015. The number of employees in the industry is projected to decline in the coming years due to retirements.
Finnish technology industry in statiscs, November 2015TechFinland
The Finnish technology industry is comprised of five sub-sectors: electronics/electrotechnical, mechanical engineering, metals, consulting engineering, and information technology. It accounts for 50% of Finnish exports, 75% of private R&D investment, and employs over 280,000 people directly and 700,000 total. The industry has experienced declines in new orders and order books recently compared to last year and the previous quarter across most sub-sectors.
Finnish techcnology industry: Situation and Outlook (June 2014) TechFinland
The document discusses the technology industry in Finland, which comprises five sub-sectors: mechanical engineering, electronics and electrotechnical industry, information technology, metals industry, and consulting engineering. It provides an overview of the sectors' turnover, exports, employment levels, and order book trends in recent years. The technology industry is a major part of the Finnish economy, accounting for 55% of exports, 80% of private R&D investment, and employing almost 290,000 people directly.
The technology industry in Finland comprises five sub-sectors: mechanical engineering, electronics and electrotechnical industry, information technology, metals industry, and consulting engineering. It accounts for 55% of total Finnish exports, 80% of private sector R&D investment, and employs almost 290,000 directly and 720,000 in total. While the industry struggled in recent years, signs indicate orders and employment are increasing in 2014 for some sub-sectors like mechanical engineering and consulting engineering. Overall, the technology industry remains one of the most important sectors for Finland's economy.
Finnish economy and technology industry, June 2015TechFinland
The Finnish technology industry is comprised of five sub-sectors: electronics/electrotechnical, metals, mechanical engineering, consulting engineering, and information technology. It accounts for 50% of Finnish exports, 75% of private R&D investment, and employs 30% of Finland's workforce. While the industry saw growth in 2014, new orders in early 2015 were down 9% YoY and turnover has not returned to pre-crisis levels, indicating Finland is still undergoing structural economic changes.
Finnish Technology Industry Dec 2013, statisticsTechFinland
The technology industry is comprised of five sub-sectors in Finland: electronics and electrotechnical, mechanical engineering, metals, information technology, and consulting engineering. It employs almost 290,000 people directly and 720,000 in total, accounting for 30% of Finland's labor force. While the industry exports over half of Finland's total exports, it has faced declining turnover and new orders in recent years amid structural changes in the economy.
Finnish Technology Industry Situation and Outlook, September 2014TechFinland
The document discusses the technology industry in Finland, which comprises five sub-sectors: metals, electronics, mechanical engineering, information technology, and consulting engineering. It provides data on the turnover, exports, new orders, and order books of each sub-sector from 2005-2014, with information technology and electronics experiencing declines in new orders recently while mechanical engineering's new orders increased. The technology industry represents 50% of Finnish exports and employs around 30% of the labor force.
The document provides an overview of the technology industry in Finland, which comprises five sub-sectors: mechanical engineering, electronics/electrotechnical, information technology, metals, and consulting engineering. It notes that the technology industry accounts for 50% of Finnish exports, 75% of private R&D investment, and employs almost 280,000 people directly and 700,000 total. Charts show trends in the industry's turnover, exports, new orders, order books, and employment from 2005-2014.
Finnish technology industry: Statistics Jan 2014TechFinland
The technology industry is comprised of five sub-sectors in Finland: electronics and electrotechnical, metals, mechanical engineering, information technology, and consulting engineering. It represents 55% of total Finnish exports, 80% of private R&D investment, and employs almost 290,000 directly and 720,000 in total. However, the industry is facing structural changes and uneven development between companies, with turnover and new orders declining since the pre-crisis levels of 2008. Personnel levels have also decreased from the high of over 340,000 in 2008 to around 300,000 currently.
Finnish technology industry, November 2018TechFinland
The document provides an economic outlook for the technology industry in Finland from November 2018. It discusses several key points:
1) The technology industry, comprised of electronics, metals, mechanical engineering, IT, and consulting engineering, is the largest export sector in Finland, accounting for 51% of exports.
2) The industry has seen growth in orders, personnel, and exports in recent years but signs point to weaker order development in the winter.
3) For Finland to close its GDP gap, annual growth of 3.0% is needed from 2018-2023, compared to IMF forecasts of lower growth for Europe.
The document discusses the Finnish technology industry, which comprises five sub-sectors: electronics/electrotechnical, metals, mechanical engineering, information technology, and consulting engineering. It provides statistics on turnover, exports, employment, new orders, and order books for each sub-sector and the overall technology industry in Finland for 2017-2018. The industry is a major contributor to the Finnish economy, accounting for over 50% of exports and 70% of private R&D investment.
Finnish technology industry, January 2018TechFinland
The Finnish technology industry is comprised of five main sub-sectors: electronics/electrotechnical, metals, mechanical engineering, information technology, and consulting engineering. It is the largest export sector in Finland, accounting for 50% of total exports. The technology industry employs around 300,000 people directly and 700,000 total, representing about 30% of Finland's labor force. Recent data shows growth in new orders and order books for many sub-sectors of the Finnish technology industry.
Finnish technology industry, August 2018TechFinland
The document provides an economic outlook for the technology industry in Finland, including:
1) The technology industry needs average annual GDP growth of 3.0% through 2023 to overcome Finland's GDP gap according to IMF forecasts.
2) The technology industry is comprised of five sub-sectors: electronics/electrotechnical, metals, mechanical engineering, information technology, and consulting engineering.
3) The technology industry is Finland's largest export sector, accounting for 51% of exports, and employs over 300,000 people directly.
Finnish technology industry, September 2018TechFinland
The document provides an economic outlook for the technology industry in Finland from September 2018. It finds that Finland will need annual GDP growth of 3.0% through 2023 to overcome its current GDP gap according to IMF forecasts. It also details the five subsectors that comprise the technology industry in Finland, provides statistics on exports, revenues, personnel, and order values for these subsectors. It concludes that personnel in the Finnish technology industry has grown by 10,000 in 2018.
Finnish technology industry, February 2021TechFinland
The document discusses the technology industry in Finland, which is comprised of five sub-sectors: electronics and electrotechnical industry, metals industry, mechanical engineering, information technology, and consulting engineering. It provides statistics on the industry's turnover, exports, tax revenue generated, and personnel from 2019-2021. The technology industry is Finland's largest export sector and has a significant positive economic impact through job creation, GDP contribution, and tax revenue. Order books and new orders increased in late 2020 and early 2021 from the previous year for most sub-sectors.
Finnish technology industry, August 2016TechFinland
The technology industry is a major sector of the Finnish economy, comprising electronics, mechanical engineering, metals, consulting engineering, and IT. It accounts for 50% of exports, 75% of private R&D investment, and employs 280,000 directly and 700,000 total. In 2015 the sector's turnover was €68.2 billion, slightly up from 2014 but below its pre-crisis level of €86 billion in 2008. New orders in the second quarter of 2016 were 24% lower than the previous year and order books were 4% higher than a year ago but 6% lower than the previous quarter. The outlook for the sector's turnover remains flat to slightly lower for the rest of 2016. Since 2008, employment has
Finnish technology industry, April 2021TechFinland
The document provides an overview of the technology industry in Finland, including:
- The industry is comprised of five main sub-sectors: electronics/electrotechnical, metals, mechanical engineering, information technology, and consulting engineering.
- It accounts for about half of Finland's exports, 310,000 direct jobs and 650,000 total jobs when indirect effects are included.
- The industry generates over €55 billion in value added annually, accounting for over 28% of Finland's GDP. It also provides €18 billion in annual tax revenue.
Finnish technology industry, December 2018TechFinland
The document provides an overview of the technology industry in Finland. It discusses:
- The technology industry needs 3% annual GDP growth through 2023 to close Finland's GDP gap.
- The industry is comprised of five sub-sectors: electronics/electrotechnical, metals, mechanical engineering, IT, and consulting engineering.
- The technology industry generates over €55 billion in value added annually, accounting for over 28% of Finland's GDP. It also generates nearly 650,000 jobs and €18 billion in tax revenue.
The Finnish technology industry is comprised of five main sub-sectors: electronics/electrotechnical, metals, mechanical engineering, information technology, and consulting engineering. It represents over 30% of Finland's workforce and is the largest export sector, responsible for 51% of total Finnish exports. Recent data shows growth in new orders and order books across several technology sub-sectors in the first quarter of 2018 compared to the same period last year.
Finnish technology industry, February 2020TechFinland
The document discusses the technology industry in Finland, which comprises five sub-sectors: electronics and electrotechnical, metals, mechanical engineering, information technology, and consulting engineering. It provides statistics on the turnover, exports, employment, and economic impact of the technology industry in Finland. The key points are that the technology industry is Finland's largest export sector, accounting for over 50% of total exports and generating over €55 billion in value added, equivalent to 28% of GDP. It employs over 300,000 people directly and creates nearly 650,000 jobs total through indirect effects.
Finnish technology industry, February 2018TechFinland
The Finnish technology industry contributes significantly to Finland's economy, accounting for over 50% of exports, 28% of GDP, and over 650,000 jobs. It is comprised of five subsectors: electronics/electrotechnical, metals, mechanical engineering, IT, and consulting engineering. While the technology industry has experienced growth in recent years, forecasts project that annual GDP growth above 3% will be needed to close Finland's GDP gap, and some technology industry companies have reported weaker incoming order development.
Finnish Technology Industry, December 2020TechFinland
The document discusses the Finnish technology industry, which is comprised of five sub-sectors: electronics and electrotechnical industry, metals industry, mechanical engineering, information technology, and consulting engineering. It provides data on the turnover, personnel, exports and economic impact of the technology industry in Finland for 2019. The technology industry generates over 18 billion euros in tax revenue annually and is the largest export sector in Finland, accounting for about 50% of total exports.
The Finnish technology industry is comprised of five main sub-sectors: electronics and electrotechnical, metals, mechanical engineering, information technology, and consulting engineering. It generates over half of Finland's total exports and accounts for 28% of GDP. While the technology industry saw declines in new orders and order books in early 2020 due to the COVID-19 pandemic, it remains a key driver of the Finnish economy overall.
Finnish technology industry statistics, August 2015TechFinland
The Finnish technology industry is comprised of five sub-sectors: electronics and electrotechnical, metals, mechanical engineering, consulting engineering, and information technology. It accounts for 50% of Finnish exports, 75% of private R&D investment, and employs over 280,000 people directly and 700,000 total. While the industry has struggled since the financial crisis, new orders increased 14% in Q2 2015 compared to the previous year and order books were up 22% in June 2015, indicating growth in the sector.
The Finnish technology industry:
- Accounts for 50% of Finnish exports, 75% of private R&D investment, and employs 30% of Finland's workforce.
- Is comprised of five subsectors: electronics/electrotechnical, metals, mechanical engineering, consulting engineering, and information technology.
- Saw turnover in Finland slightly lower in 2015 compared to 2014, totaling EUR 66 billion. New orders in early 2016 were flat compared to early 2015 but down 16% from the previous quarter. Order books in March 2016 were up 17% year-over-year but down 2% from December 2015.
The technology industry in Finland comprises five sub-sectors: mechanical engineering, electronics and electrotechnical industry, information technology, metals industry, and consulting engineering. It accounts for 55% of total Finnish exports, 80% of private sector R&D investment, and employs almost 290,000 directly and 720,000 in total. While the industry struggled in recent years, signs indicate orders and employment are increasing in 2014 for some sub-sectors like mechanical engineering and consulting engineering. Overall, the technology industry remains one of the most important sectors for Finland's economy.
Finnish economy and technology industry, June 2015TechFinland
The Finnish technology industry is comprised of five sub-sectors: electronics/electrotechnical, metals, mechanical engineering, consulting engineering, and information technology. It accounts for 50% of Finnish exports, 75% of private R&D investment, and employs 30% of Finland's workforce. While the industry saw growth in 2014, new orders in early 2015 were down 9% YoY and turnover has not returned to pre-crisis levels, indicating Finland is still undergoing structural economic changes.
Finnish Technology Industry Dec 2013, statisticsTechFinland
The technology industry is comprised of five sub-sectors in Finland: electronics and electrotechnical, mechanical engineering, metals, information technology, and consulting engineering. It employs almost 290,000 people directly and 720,000 in total, accounting for 30% of Finland's labor force. While the industry exports over half of Finland's total exports, it has faced declining turnover and new orders in recent years amid structural changes in the economy.
Finnish Technology Industry Situation and Outlook, September 2014TechFinland
The document discusses the technology industry in Finland, which comprises five sub-sectors: metals, electronics, mechanical engineering, information technology, and consulting engineering. It provides data on the turnover, exports, new orders, and order books of each sub-sector from 2005-2014, with information technology and electronics experiencing declines in new orders recently while mechanical engineering's new orders increased. The technology industry represents 50% of Finnish exports and employs around 30% of the labor force.
The document provides an overview of the technology industry in Finland, which comprises five sub-sectors: mechanical engineering, electronics/electrotechnical, information technology, metals, and consulting engineering. It notes that the technology industry accounts for 50% of Finnish exports, 75% of private R&D investment, and employs almost 280,000 people directly and 700,000 total. Charts show trends in the industry's turnover, exports, new orders, order books, and employment from 2005-2014.
Finnish technology industry: Statistics Jan 2014TechFinland
The technology industry is comprised of five sub-sectors in Finland: electronics and electrotechnical, metals, mechanical engineering, information technology, and consulting engineering. It represents 55% of total Finnish exports, 80% of private R&D investment, and employs almost 290,000 directly and 720,000 in total. However, the industry is facing structural changes and uneven development between companies, with turnover and new orders declining since the pre-crisis levels of 2008. Personnel levels have also decreased from the high of over 340,000 in 2008 to around 300,000 currently.
Finnish technology industry, November 2018TechFinland
The document provides an economic outlook for the technology industry in Finland from November 2018. It discusses several key points:
1) The technology industry, comprised of electronics, metals, mechanical engineering, IT, and consulting engineering, is the largest export sector in Finland, accounting for 51% of exports.
2) The industry has seen growth in orders, personnel, and exports in recent years but signs point to weaker order development in the winter.
3) For Finland to close its GDP gap, annual growth of 3.0% is needed from 2018-2023, compared to IMF forecasts of lower growth for Europe.
The document discusses the Finnish technology industry, which comprises five sub-sectors: electronics/electrotechnical, metals, mechanical engineering, information technology, and consulting engineering. It provides statistics on turnover, exports, employment, new orders, and order books for each sub-sector and the overall technology industry in Finland for 2017-2018. The industry is a major contributor to the Finnish economy, accounting for over 50% of exports and 70% of private R&D investment.
Finnish technology industry, January 2018TechFinland
The Finnish technology industry is comprised of five main sub-sectors: electronics/electrotechnical, metals, mechanical engineering, information technology, and consulting engineering. It is the largest export sector in Finland, accounting for 50% of total exports. The technology industry employs around 300,000 people directly and 700,000 total, representing about 30% of Finland's labor force. Recent data shows growth in new orders and order books for many sub-sectors of the Finnish technology industry.
Finnish technology industry, August 2018TechFinland
The document provides an economic outlook for the technology industry in Finland, including:
1) The technology industry needs average annual GDP growth of 3.0% through 2023 to overcome Finland's GDP gap according to IMF forecasts.
2) The technology industry is comprised of five sub-sectors: electronics/electrotechnical, metals, mechanical engineering, information technology, and consulting engineering.
3) The technology industry is Finland's largest export sector, accounting for 51% of exports, and employs over 300,000 people directly.
Finnish technology industry, September 2018TechFinland
The document provides an economic outlook for the technology industry in Finland from September 2018. It finds that Finland will need annual GDP growth of 3.0% through 2023 to overcome its current GDP gap according to IMF forecasts. It also details the five subsectors that comprise the technology industry in Finland, provides statistics on exports, revenues, personnel, and order values for these subsectors. It concludes that personnel in the Finnish technology industry has grown by 10,000 in 2018.
Finnish technology industry, February 2021TechFinland
The document discusses the technology industry in Finland, which is comprised of five sub-sectors: electronics and electrotechnical industry, metals industry, mechanical engineering, information technology, and consulting engineering. It provides statistics on the industry's turnover, exports, tax revenue generated, and personnel from 2019-2021. The technology industry is Finland's largest export sector and has a significant positive economic impact through job creation, GDP contribution, and tax revenue. Order books and new orders increased in late 2020 and early 2021 from the previous year for most sub-sectors.
Finnish technology industry, August 2016TechFinland
The technology industry is a major sector of the Finnish economy, comprising electronics, mechanical engineering, metals, consulting engineering, and IT. It accounts for 50% of exports, 75% of private R&D investment, and employs 280,000 directly and 700,000 total. In 2015 the sector's turnover was €68.2 billion, slightly up from 2014 but below its pre-crisis level of €86 billion in 2008. New orders in the second quarter of 2016 were 24% lower than the previous year and order books were 4% higher than a year ago but 6% lower than the previous quarter. The outlook for the sector's turnover remains flat to slightly lower for the rest of 2016. Since 2008, employment has
Finnish technology industry, April 2021TechFinland
The document provides an overview of the technology industry in Finland, including:
- The industry is comprised of five main sub-sectors: electronics/electrotechnical, metals, mechanical engineering, information technology, and consulting engineering.
- It accounts for about half of Finland's exports, 310,000 direct jobs and 650,000 total jobs when indirect effects are included.
- The industry generates over €55 billion in value added annually, accounting for over 28% of Finland's GDP. It also provides €18 billion in annual tax revenue.
Finnish technology industry, December 2018TechFinland
The document provides an overview of the technology industry in Finland. It discusses:
- The technology industry needs 3% annual GDP growth through 2023 to close Finland's GDP gap.
- The industry is comprised of five sub-sectors: electronics/electrotechnical, metals, mechanical engineering, IT, and consulting engineering.
- The technology industry generates over €55 billion in value added annually, accounting for over 28% of Finland's GDP. It also generates nearly 650,000 jobs and €18 billion in tax revenue.
The Finnish technology industry is comprised of five main sub-sectors: electronics/electrotechnical, metals, mechanical engineering, information technology, and consulting engineering. It represents over 30% of Finland's workforce and is the largest export sector, responsible for 51% of total Finnish exports. Recent data shows growth in new orders and order books across several technology sub-sectors in the first quarter of 2018 compared to the same period last year.
Finnish technology industry, February 2020TechFinland
The document discusses the technology industry in Finland, which comprises five sub-sectors: electronics and electrotechnical, metals, mechanical engineering, information technology, and consulting engineering. It provides statistics on the turnover, exports, employment, and economic impact of the technology industry in Finland. The key points are that the technology industry is Finland's largest export sector, accounting for over 50% of total exports and generating over €55 billion in value added, equivalent to 28% of GDP. It employs over 300,000 people directly and creates nearly 650,000 jobs total through indirect effects.
Finnish technology industry, February 2018TechFinland
The Finnish technology industry contributes significantly to Finland's economy, accounting for over 50% of exports, 28% of GDP, and over 650,000 jobs. It is comprised of five subsectors: electronics/electrotechnical, metals, mechanical engineering, IT, and consulting engineering. While the technology industry has experienced growth in recent years, forecasts project that annual GDP growth above 3% will be needed to close Finland's GDP gap, and some technology industry companies have reported weaker incoming order development.
Finnish Technology Industry, December 2020TechFinland
The document discusses the Finnish technology industry, which is comprised of five sub-sectors: electronics and electrotechnical industry, metals industry, mechanical engineering, information technology, and consulting engineering. It provides data on the turnover, personnel, exports and economic impact of the technology industry in Finland for 2019. The technology industry generates over 18 billion euros in tax revenue annually and is the largest export sector in Finland, accounting for about 50% of total exports.
The Finnish technology industry is comprised of five main sub-sectors: electronics and electrotechnical, metals, mechanical engineering, information technology, and consulting engineering. It generates over half of Finland's total exports and accounts for 28% of GDP. While the technology industry saw declines in new orders and order books in early 2020 due to the COVID-19 pandemic, it remains a key driver of the Finnish economy overall.
Finnish technology industry statistics, August 2015TechFinland
The Finnish technology industry is comprised of five sub-sectors: electronics and electrotechnical, metals, mechanical engineering, consulting engineering, and information technology. It accounts for 50% of Finnish exports, 75% of private R&D investment, and employs over 280,000 people directly and 700,000 total. While the industry has struggled since the financial crisis, new orders increased 14% in Q2 2015 compared to the previous year and order books were up 22% in June 2015, indicating growth in the sector.
The Finnish technology industry:
- Accounts for 50% of Finnish exports, 75% of private R&D investment, and employs 30% of Finland's workforce.
- Is comprised of five subsectors: electronics/electrotechnical, metals, mechanical engineering, consulting engineering, and information technology.
- Saw turnover in Finland slightly lower in 2015 compared to 2014, totaling EUR 66 billion. New orders in early 2016 were flat compared to early 2015 but down 16% from the previous quarter. Order books in March 2016 were up 17% year-over-year but down 2% from December 2015.
The technology industry is a major part of the Finnish economy, accounting for 50% of exports, 75% of private R&D investment, and employing almost 280,000 people directly and 700,000 total. It is comprised of five subsectors: electronics/electrotechnical, metals, mechanical engineering, consulting engineering, and information technology. Together they generated over €66 billion in turnover in 2015. Exports of technology goods were €26.7 billion with the largest markets being Western Europe, Asia, and North America. Order books increased 17% in the first quarter of 2016 compared to the previous year.
Finnish technology industry, October 2016TechFinland
The document summarizes the state of Finland's technology industry in October 2016. It finds that while the industry's turnover increased slightly in 2015 compared to 2014, it remains below pre-crisis levels of 2008. New orders in the second quarter of 2016 were down 24% year-over-year and 3% from the prior quarter. Order books were up 4% year-over-year but down 6% from the prior quarter. The outlook for the autumn of 2016 is for turnover to remain at or slightly below the same period in 2015. The industry has seen employment shrink by 40,000 since 2008 to around 286,000 workers in mid-2016. Global economic growth is slowing in China and Brazil/Russia remain in recession
Finnish technology industry, April 2017TechFinland
The document discusses the technology industry in Finland, including:
- The industry is comprised of five sub-sectors: electronics/electrotechnical, metals, mechanical engineering, information technology, and consulting engineering.
- It is the largest export sector in Finland, accounting for 50% of exports and 70% of private R&D investment.
- Charts show trends in turnover, new orders, exports, personnel, and other metrics for both the overall technology industry and its sub-sectors from 2008-2016. The industry continues to be an important part of the Finnish economy.
Finnish technology industry, January 2017TechFinland
The document provides an overview of the Finnish technology industry. It notes that the industry is comprised of five sub-sectors: electronics and electrotechnical, metals, mechanical engineering, information technology, and consulting engineering. It provides key statistics on turnover, exports, R&D investment, and employment for each sub-sector and the industry overall. The technology industry is Finland's largest export sector and accounts for over 50% of total Finnish exports and 280,000 direct jobs. New order values and order books are also presented for each sub-sector and the industry overall.
Finnish technology industry, March 2017TechFinland
The document summarizes the technology industry in Finland, which is comprised of five sub-sectors: electronics and electrotechnical, metals, mechanical engineering, information technology, and consulting engineering. It provides data on turnover, exports, personnel, and order books for each sub-sector from 2008-2016. The technology industry is Finland's largest export sector and drives much of the country's economic activity and research investment. The outlook at the start of 2017 was positive, with new order values increasing compared to late 2016.
Finnish technology industry, September 2017TechFinland
The document discusses the Finnish technology industry, which comprises five sub-sectors: electronics and electrotechnical, metals, mechanical engineering, information technology, and consulting engineering. It provides statistics on turnover, exports, personnel, and order values for each sub-sector. The technology industry is Finland's largest export sector and drives much of the country's economic activity and research investment. The outlook for the industry in autumn 2017 is positive, with order values and turnover expected to be higher than the previous year.
The document discusses the Finnish technology industry, which comprises five sub-sectors: electronics and electrotechnical, metals, mechanical engineering, information technology, and consulting engineering. It provides data on turnover, exports, personnel, and order books for each sub-sector. The technology industry is Finland's largest export sector and drives much of the country's economic activity and research investment. While turnover has grown slightly in recent years, new orders declined in early 2017 compared to late 2016.
Finnish technology industry, December 2017TechFinland
The document summarizes key statistics about Finland's technology industry from 2012-2017. It is comprised of five sub-sectors: electronics/electrotechnical, metals, mechanical engineering, information technology, and consulting engineering. Some of the key points made in the document are:
- The technology industry is Finland's largest export sector, accounting for 50% of total exports.
- It employs over 300,000 people directly and 700,000 total, representing about 30% of Finland's labor force.
- The industry invests approximately 5 billion euros annually in Finland and contributes 70% of private sector R&D investment.
- The technology, forest, and chemical industries combined provide 80% of Finland
Finnish technology industry, December 2021TechFinland
The document discusses the Finnish technology industry. It notes that the industry is comprised of five sub-sectors: electronics and electrotechnical, metals, mechanical engineering, information technology, and consulting engineering. It provides statistics on the turnover, exports, employment, and economic impact of the technology industry in Finland. The industry generates over half of Finland's exports and accounts for over 25% of employment in the country.
Finnish technology industry, October 2017TechFinland
The document discusses the Finnish technology industry, which comprises five sub-sectors: electronics and electrotechnical, metals, mechanical engineering, information technology, and consulting engineering. It provides statistics on turnover, exports, personnel, and order values for each sub-sector. The technology industry is Finland's largest export sector and drives much of the country's economic activity and research investment. The outlook for the industry's turnover in autumn 2017 is expected to be higher than the previous year.
Technology industry / Finnish economic outlookTechFinland
The document summarizes the state of Finland's technology industry in 2023. It notes that the industry is comprised of five sub-sectors: electronics and electrotechnical, metals, mechanical engineering, information technology, and consulting engineering. It provides data on turnover, exports, employment, and economic impact for each sub-sector. Overall, it finds that the technology industry generates over half of Finland's exports and accounts for 29% of GDP, making it the largest export sector and a major driver of the Finnish economy. However, new orders and order books in 2023 are down across several sub-sectors compared to 2022.
Finnish technology industry, March 2018TechFinland
The document discusses the Finnish technology industry, which comprises five sub-sectors: electronics and electrotechnical, metals, mechanical engineering, information technology, and consulting engineering. It provides statistics on turnover, exports, personnel, and outlook for 2018. The technology industry is Finland's largest export sector and drives much of the country's economic activity and research investment. Order books and new orders for technology companies increased in late 2017 and outlook for the spring of 2018 is positive.
Finnish technology industry, November 2020TechFinland
The document discusses the Finnish technology industry, which comprises five sub-sectors: electronics/electrotechnical, metals, mechanical engineering, information technology, and consulting engineering. It provides statistics on turnover, exports, employment, and economic impact for each sub-sector. Overall, the technology industry is Finland's largest export sector and has a significant impact on the economy, generating over 650,000 jobs and €55 billion in value added annually. Charts show trends in new orders and order books across the different technology sub-sectors between 2008-2020.
Technology industry / Finnish economic outlookTechFinland
The Finnish technology industry is comprised of five sub-sectors that collectively generate over half of Finland's exports and employ over 300,000 people directly. The technology industry contributes €63 billion to GDP annually through direct, indirect, and consumption effects. It brings in €23 billion in tax revenue per year and accounts for 65% of private sector R&D investment in Finland.
Technology industry / Finnish economic outlookTechFinland
The Finnish technology industry is comprised of five sub-sectors: electronics and electrotechnical, metals, mechanical engineering, information technology, and consulting engineering. It generates over 28% of Finland's GDP, exports over 50% of the country's total exports, and employs over 338,000 workers directly and 720,000 including indirect effects. While orders declined in 2023 from the high levels of 2022, the technology industry remains the largest export sector and driver of the Finnish economy.
Technology industry / Finnish economic outlookTechFinland
The Finnish technology industry is comprised of five sub-sectors: electronics and electrotechnical, metals, mechanical engineering, information technology, and consulting engineering. It generates over €55 billion in value added annually, accounts for over 50% of exports, and employs over 300,000 people directly and 720,000 indirectly. New orders and order books declined across most technology sub-sectors in Q3 2023 compared to the previous quarter and year, with the exception of a small decline in information technology orders. The electronics, mechanical engineering, and consulting sectors saw the largest drops in new orders of over 20%.
Technology industry / Finnish economic outlookTechFinland
The Finnish technology industry is comprised of five sub-sectors: electronics and electrotechnical, metals, mechanical engineering, information technology, and consulting engineering. It generates over €55 billion in value added annually, accounts for over 50% of exports, and employs over 300,000 people directly and 720,000 indirectly. While orders and revenues have declined in 2023 from record highs, the technology industry remains the largest export sector and driver of the Finnish economy.
Technology industry / Finnish economic outlookTechFinland
The Finnish technology industry is comprised of five sub-sectors: electronics and electrotechnical, metals, mechanical engineering, information technology, and consulting engineering. It generates over EUR 55 billion in value added annually, accounts for over 50% of exports, and employs over 300,000 people directly and 720,000 indirectly. However, new orders and order books have declined across several technology sub-sectors in 2023 compared to 2022 and the first quarter of 2023, and over 6,000 technology industry employees were affected by temporary layoffs in June 2023.
Technology industry / Finnish economic outlookTechFinland
The Finnish technology industry is comprised of five sub-sectors: electronics and electrotechnical, metals, mechanical engineering, information technology, and consulting engineering. It generates over €55 billion in value added annually, accounts for over 50% of exports, and employs over 300,000 people directly and 720,000 indirectly. However, new orders and order books have declined across several technology sub-sectors in 2023 compared to 2022. The number of employees affected by temporary layoffs also increased to over 6,000 in June 2023.
Technology industry / Finnish economic outlookTechFinland
The Finnish technology industry is comprised of five sub-sectors: electronics and electrotechnical, metals, mechanical engineering, information technology, and consulting engineering. It generates over EUR 55 billion in value added annually, accounts for over 50% of exports, and employs over 300,000 people directly and 720,000 indirectly. However, new orders and order books have declined across several technology sub-sectors in 2023 compared to 2022 and the first quarter of 2023, and over 6,000 technology industry employees were affected by temporary layoffs in June 2023.
Technology industry / Finnish economic outlookTechFinland
The Finnish technology industry is comprised of five sub-sectors: electronics and electrotechnical, metals, mechanical engineering, information technology, and consulting engineering. It generates over half of Finland's exports and accounts for 29% of GDP. While orders and revenues grew in early 2023 for some sub-sectors like electronics, overall new orders and order books declined due to challenges in export markets. The technology industry remains a major driver of Finland's economy.
Technology industry / Finnish economic outlookTechFinland
The Finnish technology industry is comprised of five sub-sectors that employ over 300,000 people directly and generate over €60 billion in value added annually, accounting for 29% of Finland's GDP. It is the largest export sector, responsible for over 50% of total Finnish exports. While orders and revenues grew in 2022 for many sub-sectors like electronics and consulting engineering, some like mechanical engineering have seen domestic orders decline recently. Overall the industry remains a major driver of the Finnish economy.
Understanding how timely GST payments influence a lender's decision to approve loans, this topic explores the correlation between GST compliance and creditworthiness. It highlights how consistent GST payments can enhance a business's financial credibility, potentially leading to higher chances of loan approval.
OJP data from firms like Vicinity Jobs have emerged as a complement to traditional sources of labour demand data, such as the Job Vacancy and Wages Survey (JVWS). Ibrahim Abuallail, PhD Candidate, University of Ottawa, presented research relating to bias in OJPs and a proposed approach to effectively adjust OJP data to complement existing official data (such as from the JVWS) and improve the measurement of labour demand.
Economic Risk Factor Update: June 2024 [SlideShare]Commonwealth
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...AntoniaOwensDetwiler
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Discover the Future of Dogecoin with Our Comprehensive Guidance36 Crypto
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Our presentation delves into Dogecoin's potential future, exploring whether it's destined to skyrocket to the moon or face a downward spiral. In addition, it highlights invaluable insights. Don't miss out on this opportunity to enhance your crypto understanding!
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University of North Carolina at Charlotte degree offer diploma Transcripttscdzuip
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5 Tips for Creating Standard Financial ReportsEasyReports
Well-crafted financial reports serve as vital tools for decision-making and transparency within an organization. By following the undermentioned tips, you can create standardized financial reports that effectively communicate your company's financial health and performance to stakeholders.
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
2. • 50% of total Finnish exports.
• 75% of private-sector
R&D investment.
• Some 280,000 employed directly in the
sector, 700,000 employed in total,
equalling about 30% of the entire
Finnish labour force.
• The Federation of Finnish Technology
Industries has over 1,600 member
companies.
2
The Technology Industry –
the Largest Export Sector in Finland
11.2.2016
3. Mechanical Engineering
Abloy, Cargotec, Finn-Power, Fiskars,
Glaston, Kone, Konecranes, Metso,
Meyer Turku, Normet, Oras, Patria,
Pemamek, Ponsse, Stala, Valmet, Valtra,
Wärtsilä…
Electronics and
Electrotechnical Industry
ABB, Ensto, Microsoft Mobile,
Murata Electronics, Nokia,
Planmeca, Polar Electro, Suunto,
Vacon, Vaisala…
Information Technology
Affecto, Basware, Bilot, CGI,
Comptel, Digia, Efecte, Enfo,
F-Secure, Fujitsu Finland, IBM,
Innofactor, Knowit, Microsoft,
Nixu, Tieto…
Metals Industry
Boliden, Componenta,
Kuusakoski, Luvata, Outokumpu,
Outotec, Ovako, Sacotec,
SSAB …
Consulting Engineering
A-Insinöörit, Citec, Elomatic,
Etteplan, FCG, Granlund, Neste
Jacobs, Pöyry, Ramboll,
Rejlers, SITO, SWECO, WSP...
The Finnish Technology Industry Is Comprised of
Five Sub-Sectors
11.2.20163
4. The Finnish Technology Industry is Comprised of
Five Sub-Sectors
Electronics and
Electrotechnical Industry
• Data communications equipment,
electrical machinery, medical technology
products
• Turnover (2015): 13.6 billion euros
• Personnel (2015): 40,500
Metals Industry
• Steel products, non-ferrous
metals, castings
• Turnover (2015): 10.1 billion euros
• Personnel (2015): 15,100
Mechanical Engineering
• Machinery, metal products,
vehicles
• Turnover (2015): 27.6 billion euros
• Personnel (2015): 121,000
Consulting Engineering
• Expertise for construction industry
and infrastructure
• Turnover (2015): 5.6 billion euros
• Personnel (2015): 47,300
Information Technology
• IT services, applications
and programming
• Turnover (2015): 10.8 billion euros
• Personnel (2015): 57,900
11.2.20164
6. 11.2.20166
Export of Technology Industry Goods from
Finland by Area in 2014
Total goods exports 26.2 billion euros*
North America
2.6 billion €
9.8%
Western Europe
13.1 billion €
50.1%
Middle and
Central East
0.5 billion €
2.1%
Asia
4.1 billion €
15.8%
Africa
0.5 billion €
1.8%
South and Middle America
0.9 billion €
3.3%
Central and Eastern Europe
4.5 billion €
17.1%
*) In addition to goods exports the sector exported services worth 10.9 billion euros.
Source: National Board of Customs, Statistics Finland
7. 11.2.20167
Turnover of the Industry and Technology
Industry in Finland
Source: Macrobond, Statistics Finland
9. 11.2.20169
Value of New Orders in the Technology Industry* in
Finland
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000
11,000
12,000
Combined
Export
Domestic
Million euros, at current prices
Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies,
latest information October-December 2015
*) Excluding metals industry
and game industry
companies.
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Change: IV,2015 / IV,2014 IV,2015 / III,2015
Export: -13 % -5 %
Domestic: +8 % +24 %
Combined: -8 % +2 %
10. 11.2.201610
Value of Order Books in the Technology Industry* in
Finland
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
20,000
22,000
24,000
Export
Domestic
Million euros, at current prices
Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies,
latest information 31.12.2015
*) Excluding metals industry
and game industry
companies.
Combined
Change: 31.12.2015 / 31.12.2014 31.12.2015 / 31.9.2015
Export: +18 % +3 %
Domestic: +7 % +4 %
Combined: +15 % +3 %
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
11. Source: The Federation of Finnish Technology Industries’ order book survey,
latest information January 2016.
“Have you experienced a notable increase or decrease in the number of requests for tenders in recent weeks in comparison to the
situation three months ago?”. Balance figure = the number of companies receiving more requests - the number of companies receiving
less requests.
-60
-50
-40
-30
-20
-10
0
10
20
30
40
Balance figure
11.2.201611
Tender Requests* Received by Technology Industry
Companies in Finland
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
12. 11.2.201612
Value of New Orders in the Electronics and
Electrotechnical Industry in Finland
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
5,500
6,000
6,500
7,000
7,500
8,000
Combined
Export
Domestic
Million euros, at current prices
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Change: IV,2015 / IV,2014 IV,2015 / III,2015
Export: -21 % +15 %
Domestic: +9 % +15 %
Combined: -18 % +15 %
Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies,
latest information October-December 2015
13. 11.2.201613
Value of Order Books in the Electronics and
Electrotechnical Industry in Finland
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
5,500
6,000
6,500
7,000
7,500
8,000
8,500
9,000
Export
Domestic
Combined
Million euros, at current prices
Change: 31.12.2015 / 31.12.2014 31.12.2015 / 30.9.2015
Export: -13 % +7 %
Domestic: +6 % +4 %
Combined: -11 % +7 %
Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies,
latest information 31.12.2015
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
14. 11.2.201614
Value on New Orders in the Mechanical Engineering
in Finland
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
Combined
Export
Domestic
Million euros, at current prices
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Change: IV,2015 / IV,2014 IV,2015 / III,2015
Export: -1 % -20 %
Domestic: +11 % +45 %
Combined: +2 % -11 %
Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies,
latest information October-December 2015
15. 11.2.201615
Value of Order Books in the Mechanical Engineering
in Finland
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000
11,000
12,000
13,000
14,000
15,000
Export
Domestic
Combined
Million euros, at current prices
Change: 31.12.2015 / 31.12.2014 31.12.2015 / 30.9.2015
Export: +36 % +2 %
Domestic: +3 % +2 %
Combined: +28 % +2 %
Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies,
latest information 31.12.2015
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
16. 11.2.201616
Value of New Orders in the Consulting Engineering
in Finland
0
20
40
60
80
100
120
140
160
180
200
220
240
260
280
300
320
Combined
Export
Domestic
Million euros, at current prices
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Change: IV,2015 / IV,2014 IV,2015 / III,2015
Export: -26 % +42 %
Domestic: -14 % +20 %
Combined: -15 % +23 %
Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies,
latest information October-August 2015
17. 11.2.201617
Value of Order Books in the Consulting Engineering
in Finland
0
50
100
150
200
250
300
350
400
450
500
550
600
650
Export
Domestic
Combined
Million euros, at current prices
Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies,
latest information 31.12.2015
Change: 31.12.2015 / 31.12.2014 31.12.2015 / 31.9.2015
Export: -20 % -10 %
Domestic: +16 % -1 %
Combined: +9 % -2 %
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
18. 11.2.201618
Value of New Orders in the Information Technology
in Finland
0
50
100
150
200
250
300
350
400
450
500
550
600
650
700
750
800
Million euros, at current prices
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Change: IV,2015 / IV,2014 IV,2015 / III,2015
Combined: +3 % +14 %
Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies,
latest information October-December 2015
*) Excl. game
industry companies
19. 11.2.201619
Value of Order Books in the Information Technology
in Finland
0
100
200
300
400
500
600
700
800
900
1,000
1,100
1,200
1,300
1,400
1,500
1,600
1,700
1,800
Million euros, at current prices
2007 2008 2009 2010 2011 2012 2013 2014 2015
Change: 31.12.2015 / 31.12.2014 31.12.2015 / 31.9.2015
Combined: +11 % +7 %
Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies,
latest information 31.12.2015
*) Excl. game
industry companies
20. 11.2.201620
Personnel in the Technology Industry
150,000
170,000
190,000
210,000
230,000
250,000
270,000
290,000
310,000
330,000
350,000
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Personnel in Finland Personnel in subsidiaries abroad
Source: Statistics Finland, The Federation of Finnish Technology Industries’ labour force survey
Some 17,000 of personnel
affected by temporary or
part-time lay-offs 31.12.2015
21. 11.2.201621
Technology Industry Personnel in Finland by Branch
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Electronics and Electrotechnical Industry Mechanical engineering industry
Metals industry Consulting engineering
Information technology
Source: Statistics Finland, The Federation of Finnish Technology Industries’labour force survey
22. 0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
180,000
200,000
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Electronics and Electrotechnical Industry Mechanical engineering industry
Metals industry Consulting engineering
Information technology
11.2.201622
Technology Industry Personnel in Subsidiaries
Abroad by Branch
Source: The Federation of Finnish Technology Industries’ labour force survey
23. Retirement of Technology Industry Personnel
0
1000
2000
3000
4000
5000
6000
7000
8000
9000
2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 2022 2024 2026 2028 2030
Number of individuals retired Number of individuals retiring (estimation)
Source: Wage inquiry of the Federation of Finnish Technology Industries,
Finnish Centre for Pensions, Statistics Finland
Individuals per year
Salaried employees
Blue collar employees
11.2.201623
24. Retirement of Technology Industry Blue Collar
Employees
0
500
1000
1500
2000
2500
3000
3500
2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 2022 2024 2026 2028 2030
Mechanical engineering Metals industry Electronics and electrotechnical industry
Source: Wage inquiry of the Federation of Finnish Technology Industries, Finnish
Centre for Pensions, Statistics Finland
Individuals per year
11.2.201624
25. - Finland is in the grip of structural change. Development remains uneven between
companies.
- Turnover in Finland increased slightly in 2015. Turnover totalled EUR 67.7 billion. In the
pre-crisis year 2008 it was EUR 86 billion.
- The monetary value of new orders reported between October-December 2015 was 8 %
lower than in the corresponding period in 2014, but 2 % higher than in the preceding
quarter.
- At the end of December, the value of order books was 15 % higher year-on-year, and 3 %
higher the value reported at the end of September.
- The turnover of technology industry companies in early 2016 is expected to remain at the
same level or a slightly lower level as in the corresponding period last year.
- Since 2008, personnel numbers in Finland have shrunk by 44,000 employees, totalling
on average 282,000 in 2015.
Economic Outlook in the Technology Industry
11.2.201625
28. 11.2.201628
Growth is Lowering in China
Recession Continues in Russia and Brazil
Share of global GDP in these countries is 23%, in China 16% (adjusted for PP)
Source: Macrobond
29. GDP Growth Has Continued in Eurozone in January
2016
Purchase Managers’ Index (PMI), 50 = no change from previous month
Latest information January 2016.
Source: Markit
11.2.201629
33. 11.2.201633
Industrial Production in China is Dropping
Purchase Managers’ Index (PMI) in manufacturing industry in China
50 = no change from previous month
Latest information January 2016.
Source: Markit
34. Industrial Production in Russia is Dropping
Purchase Managers’ Index (PMI) in manufacturing industry in Russia
50 = no change from previous month
Latest information January 2016.
Source: Markit
11.2.201634
35. Industrial Production in Brazil is Dropping
Purchase Managers’ Index (PMI) in manufacturing industry in Russia
50 = no change from previous month
Latest information January 2016.
Source: Markit
11.2.201635
36. 11.2.201636
Industrial Production in USA is Dropping
Purchase Managers’ Index (PMI) in manufacturing industry in Russia
50 = no change from previous month
Lähde: Macrobond
37. 11.2.201637
Growth of Residence Construction Has Finished in
China
Share of China in Asian GDP is 42% (adjusted for PP)
Source: Macrobond
38. 11.2.201638
Fixed Investments in Russia and Brazil are Falling
Share of Russia in European GDP is 13% (adjusted for PP)
Share of Brazil in Latin American GDP is 35% (adjusted for PP)
Source: Macrobond
39. 11.2.201639
Import to Emerging Countries Has Lowered
Import volume development
Source: Macrobond, The CPB Netherlands Bureau for Economic Policy Analysis
43. 11.2.201643
Raw Material Prices are Falling
Spot prices of hot-rolled coils
100
200
300
400
500
600
700
800
900
1,000
1,100
1,200
1,300
1,400
01/2005 01/2006 01/2007 01/2008 01/2009 01/2010 01/2011 01/2012 01/2013 01/2014 01/2015
USA Germany Russia China Brazil
US dollars / ton
Latest information December 2015
Source: CRU
44. 11.2.201644
Exchange Rates in Emerging Countries are Varying
Euro exchange rate compared to other currencies
Source: Macrobond
45. 11.2.201645
Global Economy is Expected to Grow by 3.4 % in
2016
GDP growth in 2016, %
Source: IMF (January 2016)
-4
-3
-2
-1
0
1
2
3
4
5
6
7
8
9
0 10 20 30 40 50 60 70 80 90 100
North America
Western Europe
Japan
China
India
Rest of
Asia
RestofEastern
Europe
Russia
Brazil
Mexico
RestofLatin
America
MiddleEastandAfrica
The width of the bar indicates the share of global GDP in 2014 (adjusted for purchasing power parity), %
Average growth:
+3,4 %
46. 11.2.201646
Source IMF (January 2016), Board of Customs
-4
-3
-2
-1
0
1
2
3
4
5
6
7
8
9
0 10 20 30 40 50 60 70 80 90 100
North America Western Europe Japan
China
India
Rest of
Asia
RestofEastern
Europe
Russia
BrazilMexico
RestofLatinAmerica
MiddleEastandAfrica
The width of the bar indicates the export share of technology industry from Finland in 2014, %
Average growth:
+2,3 %
Export Demand for Technology Industry in Finland
Will Grow by 2.3% in 2016
GDP growth in 2016, %
47. Breakdown of World Industrial Production
0
5
10
15
20
25
30
35
40
45
50
1950 1955 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010
Asia
North America
Europe
Purchasing power parity adjusted shares.
Source: Maddison (Historical Statistics), IMF and ETLA
%
11.2.201647
52. The Share of Industry in GDP in Finland 1900-2014
0%
5%
10%
15%
20%
25%
30%
35%
1900 1905 1910 1915 1920 1925 1930 1935 1940 1945 1950 1955 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010
Industry* Industry + service sectors in the technology industry
*) During 1900-1974 industry covers also mines, energy, water and refuse collection sectors.
Source: Statistics Finland / National Accounts
11.2.201652
54. Growth of Public Debt and Tax Rate Out of Control
Increased cost burden requires cuts to public sector
Source: Macrobond, Statistics Finland
11.2.201654
55. 85
90
95
100
105
110
115
120
125
130
135
140
145
150
155
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015e 2016e 2017e
Corporate sector fixed investments, index 2005=100
Sweden
The Netherlands
USA
Germany
Switzerland
Finland
11.2.201655
Upswing of Investments Required in Finland
Source: OECD, Economic Outlook 2015
56. 0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015e 2016e
Manufacturing industry Technology industry
Industrial Companies’ Investment Plans Indicate an
Increase in Investments Both in 2015 and 2016
Industrial fixed and R&D investments in Finland
Source: Statistics Finland, Confederation of Finnish Industries’
Investment Survey (January 2016)
Million euros, at current prices
11.2.201656
57. 95
100
105
110
115
120
125
130
135
140
145
150
155
160
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Manufacturing industry
Technology industry
National economy
Turning Point of Productivity* Development in Finland
After 2008 Finland has lost considerable volume production in electronics, forest and
machinery industries**
Source: Statistics Finland / National Accounts
*) Productivity is measured as real value added per hours worked. When productivity grows (the curve rises)
value added grows more than hours worked.
Value added = turnover – purchasing of materials and services
Value added = labour costs + rents + depreciations + profits
**) The structure of current
industry does not enable the
similar productivity development
as during the years 2000-2008
11.2.201657
Index, 2000=100
58. 90
95
100
105
110
115
120
Compared to Belgium Compared to Germany Compared to Spain
Compared to Italy Compared to the Netherlands Compared to Austria
Compared to Finland
*) In the ECB Harmonised Competitiveness Index, the average effective exchange rate of each country is
calculated vis-à-vis 20 to 30 main trade partners, as well as the development of unit labour costs for the total
economy.
Latest information III/2015. Source: European Central Bank
Finland’s price
and cost
competitiveness
declines
2005,I =100
Finland’s price
and cost
competitiveness
improves
Unit Labour Costs at the National Economy Level
Unit labour costs = labour costs / productivity, including the influence of effective
exchange rates
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
11.2.201658
59. Support the renewal of the industry
Taxes should support growth and investment in Finland
Support decision making in companies related to compensation and
working time
No new European nor national burdens on companies, which are
deteriorating the competitiveness
What should be done?
11.2.201659
60. Global Structural Change Set to Continue Apace
– Industrial production and services will relocate to rapidly developing economic areas
– Strong growth, large markets, cheap labour and increasing expertise will increase the
attractiveness of these regions.
Competition over Skills and Raw Materials Set to Increase
– Due to an increase in retirement, the sector’s annual recruitment need in Finland will rise
considerably in the coming years.
– The availability of reasonably-priced energy also threatens to become an investment
bottleneck in Finland
Combating Climate Change
– A challenge as costs are set to grow faster than in competitor countries
– An opportunity for new environmental and energy technologies
Long-Term Outlook and Challenges
11.2.201660