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.
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
2. Overcoming the Gap in GDP Will Require 3.0%
Growth in Finland Annually in 2018-2023
2*) The IMF forecast for the euro area in April 2018: 2.4% in 2018, 2.0% in 2019, 1.7% in 2020, 1.5% in 2021, 1.5% in 2022,
1.4% in 2023
Source: Macrobond, IMF, Federation of Finnish Technology Industry
11/5/2018 Technology Industries
of Finland
3. The Finnish Technology Industry Is Comprised of
Five Sub-Sectors
311/5/2018 Technology Industries
of Finland
ELEKTRONICS AND ELECTROTECHNICAL
INDUSTRY
ABB, Ensto, Microsoft Mobile,
Murata Electronics, Nokia, Planmeca,
Polar Electro, Suunto, Vacon, Vaisala…
METALS INDUSTRY
Boliden, Componenta, Kuusakoski,
Luvata, Outokumpu, Outotec,
Ovako, Sacotec, SSAB …
MECHANICAL ENGINEERING
Abloy, Cargotec, Finn-Power, Fiskars,
Glaston, Kone, Konecranes, Metso,
Meyer Turku, Normet, Oras, Patria,
Pemamek, Ponsse, Stala, Valmet,
Valtra, Wärtsilä…
INFORMATION TECHNOLOGY
Affecto, Basware, Bilot, CGI, Comptel,
Digia, Efecte, Enfo, F-Secure, Fujitsu
Finland, IBM, Innofactor, Knowit,
Microsoft, Nixu, Tieto…
CONSULTING ENGINEERING
A-Insinöörit, Citec, Elomatic, Etteplan, FCG,
Granlund, Neste Jacobs, Pöyry, Ramboll,
Rejlers, SITO, SWECO, WSP…
4. The Finnish Technology Industry Is Comprised of
Five Sub-Sectors
4
ELEKTRONICS AND ELECTROTECHNICAL
INDUSTRY
• Data communications equipment, electrical
machinery, medical technology
• Turnover (2017): 14.4 billion euros
• Personnel (2017): 37,800
METALS INDUSTRY
• Steel products, non-ferrous metals,
castings, metallic minerals
• Turnover (2017): 10.1 billion euros
• Personnel (2017): 16,100
MECHANICAL ENGINEERING
• Machinery, metal products, vehicles
• Turnover (2017): 29.9 billion euros
• Personnel (2017): 127,900
INFORMATION TECHNOLOGY
• IT services, applications and
programming
• Turnover (2017): 12.3 billion euros
• Personnel (2017): 66,900
CONSULTING ENGINEERING
• Expertise for construction industry and
infrastructure
• Turnover (2017): 6.0 billion euros
• Personnel (2017): 50,900
11/5/2018 Technology Industries
of Finland
5. The Technology Industry –
the Largest Export Sector in Finland
5
• 51 % of total Finnish exports.
• Companies invest about EUR 5.0 billion
annually in Finland.
• 70 % of private-sector R&D investment.
• Almost 315,000 employed directly in the
sector.
• Technology Industries of Finland has over
1,600 member companies.
11/5/2018 Technology Industries
of Finland
6. Turnover of the Technology Industry in Finland
6Source: Macrobond, Statistics Finland, Technology Industries of Finland11/5/2018 Technology Industries
of Finland
7. 7*) In addition to goods exports the sector exported services worth some 13 billion euros.
Source: National Board of Customs, Statistics Finland
Export of Technology Industry Goods from Finland
by Area in 2017
Total goods exports 30.6 billion euros*
North America
2.79 billion €
9.1 %
Western Europe
16.44 billion €
53.7 %
South and
Middle America
0.84 billion €
2.8 %
Central and Eastern Europe
5.11 billion €
16.6 %
Africa
0.43 billion €
1.4 %
Middle and
Central East
0.51 billion €
1.7 %
Asia
4.51 billion €
14.7 %
11/5/2018 Technology Industries
of Finland
8. Technology, Forest and Chemical Industries
Provide 81 % of Finland's Goods and Services
Exports Revenue
Goods and service exports: billion euros and the share of Finnish exports in 2017
8*) Service exports industry-specific data for the year 2017 are preliminary information.
Source: Board of Customs, Statistics Finland (National Accounts, Foreign trade in services), Federation of Finnish Technology Industries
11/5/2018 Technology Industries
of Finland
Technology industry,
43.6, 51%
Forest industry;
12.9; 15%
Chemical industry;
13; 15%
Other branches;
16.1; 19%
9. Turnover of the Industry and Technology Industry
in Finland
9Source: Macrobond, Statistics Finland11/5/2018 Technology Industries
of Finland
10. Turnover of the Technology Industry in Finland
10Source: Macrobond, Statistics Finland11/5/2018 Technology Industries
of Finland
11. Value of New Orders in the Technology Industry*
in Finland
11
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
Combined
Export
Domestic
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Million euros, at current prices
Change: III,2018 / III,2017 III,2018 / II,2018
Export: +27 % +4 %
Domestic: +3 % -10 %
Combined: +22 % 0 %
*) Excl. metals
industry, game
industry and data
center companies
Source: The Federation of Finnish Technology Industries’ order book survey’s respondent
companies, latest observation July-September 2018.
11/5/2018 Technology Industries
of Finland
12. Value of Order Books in the Technology Industry*
in Finland
12
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
26,000
28,000
Export
Domestic
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Million euros, at current prices
Change: 30.9.2018 / 30.9.2017 30.9.2018 / 30.6.2018
Export: +22 % +8 %
Domestic: +11 % -1 %
Combined: +20 % +6 %
*) *) Excl. metals
industry, game
industry and data
center companies
Combined
Source: The Federation of Finnish Technology Industries’ order book survey’s respondent
companies, latest observation 30th September 2018.
11/5/2018 Technology Industries
of Finland
13. Tender Requests* Received by Technology
Industry Companies in Finland
13Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies, the last questionnaire in
October 2018
-60
-50
-40
-30
-20
-10
0
10
20
30
40
Balance figure
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
*) ”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.”
11/5/2018 Technology Industries
of Finland
14. Tender Requests* Received by Technology Industry
Anticipate Weaker Order Development in Winter
14*) Four quarters moving average.
Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies
50
60
70
80
90
100
110
120
-60
-50
-40
-30
-20
-10
0
10
20
30
40
Balance figure*
(left scale)
New orders*,
index 2008=100
(right scale)
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
11/5/2018 Technology Industries
of Finland
15. Value of New Orders in the Electronics and
Electrotechnical Industry in Finland
15
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
Combined
Export
Domestic
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Million euros, at current prices
Change: III, 18 / III,2017 III,2018 / II,2018
Export: +18 % +2 %
Domestic: -10 % +1 %
Combined: +11 % +1 %
Source: The Federation of Finnish Technology Industries’ order book survey’s respondent
companies, latest observation July-September 2018.
11/5/2018 Technology Industries
of Finland
16. Value of Order Books in the Electronics and
Electrotechnical Industry in Finland
16
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
Export
Domestic
Million euros, at current prices
Change: 30.9.2018 / 30.9.2017 30.9.2018 / 30.6.2018
Export: +12 % +3 %
Domestic: -8 % +2 %
Combined: +7 % +3 %
Combined
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Source: The Federation of Finnish Technology Industries’ order book survey’s respondent
companies, latest observation 30th September 2018.
11/5/2018 Technology Industries
of Finland
17. Value of New Orders in the Mechanical
Engineering in Finland
17
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
Combined
Export
Domestic
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Million euros, at current prices
Change: III,2018 / III,2017 III,2018 / II,2018
Export: +34 % +5 %
Domestic: +5 % -14 %
Combined: +29 % +2 %
Source: The Federation of Finnish Technology Industries’ order book survey’s respondent
companies, latest observation July-September 2018.
11/5/2018 Technology Industries
of Finland
18. Value of Order Books in the Mechanical
Engineering in Finland
18
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
20,000
Export
Domestic
Million euros, at current prices
Change: 30.9.2018 / 30.9.2017 30.9.2018 / 30.6.2018
Export: +26 % +9 %
Domestic: +22 % -2 %
Combined: +25 % +7 %
Combined
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Source: The Federation of Finnish Technology Industries’ order book survey’s respondent
companies, latest observation 30th September 2018.
11/5/2018 Technology Industries
of Finland
19. Value of New Orders in the Consulting Engineering
in Finland
19
0
50
100
150
200
250
300
Combined
Export
Domestic
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Million euros, at current prices
Change: III,2018 / III,2017 III,2018 / II,2018
Export: +110 % +77 %
Domestic: +41 % -20 %
Combined: +49 % -12 %
Source: The Federation of Finnish Technology Industries’ order book survey’s respondent
companies, latest observation July-September 2018.
11/5/2018 Technology Industries
of Finland
20. Value of Order Books in the Consulting
Engineering in Finland
20
0
100
200
300
400
500
600
700
800
Export
Domestic
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Million euros, at current prices
Change: 30.9.2018 / 30.9.2017 30.9.2018 / 30.6.2018
Export: -14 % +7 %
Domestic: +46 % +11 %
Combined: +32 % +11 %
Combined
Source: The Federation of Finnish Technology Industries’ order book survey’s respondent
companies, latest observation 30th September 2018.
11/5/2018 Technology Industries
of Finland
21. Value of New Orders in the Information
Technology* in Finland
21
0
100
200
300
400
500
600
700
800
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Million euros, at current prices
Change: III,2018 / III,2017 III,2018 / II,2018
Combined: +35 % -20 %
*) Excl. game industry and data center
companies
Source: The Federation of Finnish Technology Industries’ order book survey’s respondent
companies, latest observation July-September 2018.
11/5/2018 Technology Industries
of Finland
22. Value of Order Books in the Information
Technology* in Finland
22
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Million euros, at current prices
Change: 30.9.2018 / 30.9.2017 30.9.2018 / 30.6.2018
Combined: +1 % -6 %
*) Excl. game industry and data
center companies.
Source: The Federation of Finnish Technology Industries’ order book survey’s respondent
companies, latest observation 30th September 2018.
11/5/2018 Technology Industries
of Finland
23. Technology Industry Personnel in Finland Has
Grown by nearly 15,000 this Year
23
150,000
170,000
190,000
210,000
230,000
250,000
270,000
290,000
310,000
330,000
350,000
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
(30.9)
Personnel in Finland Personnel in foreign subsidiaries
Source: Statistics Finland, The Federation of Finnish Technology Industries’ labour force survey11/5/2018 Technology Industries
of Finland
24. Technology Industry Personnel in Finland by
Branch
2411/5/2018 Technology Industries of
Finland
Source: Statistics Finland, The Federation of Finnish Technology Industries’ labour force survey, Macrobond
(Sep 30)
25. Technology Industry Personnel in Subsidiaries
Abroad by Branch
2511/5/2018 Technology Industries of
Finland
Source: The Federation of Finnish Technology Industries’ labour force survey, Macrobond
26. Retirement of Technology Industry Personnel in
Finland
26
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)
Salaried employees
Blue collar employees
Individuals per year
Source: Wage inquiry of the Techonology Industries of Finland, Finnish Centre for Pensions, Statistics FinlandTechnology Industries
of Finland
11/5/2018
27. Retirement of Technology Industry Blue Collar
Employees in Finland
27
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
Individuals per year
Source: Wage inquiry of the Techonology Industries of Finland, Finnish Centre for Pensions, Statistics FinlandTechnology Industries
of Finland
11/5/2018
28. Overview of the Situation in the Technology
Industry and Outlook for the Rest of 2018
28
- Turnover in Finland totalled some EUR 72.7 billion in 2017. In January-July 2018, the turnover was
up 5 % year-on-year. In 2008, prior to the financial crises, the corresponding figure was EUR 86
billion.
- The monetary value of new orders reported between July-September 2018 was at the same level as
in the preceding quarter, but 22 % higher than in the corresponding period in 2017.
- At the end of September, the value of order books was 6 % higher than at the end of June, and 20
% higher than in September 2017.
- The turnover of technology industry companies during the rest of 2018 is expected to be slightly
higher than in the corresponding period last year.
- The number of personnel in Finland increased strongly during January-September 2018. Personnel
increased by slightly less than 5 %, or by almost 15,000 employees from the average number in
2017. On average, the industry employed some 314,000 people. In 2008, the industry employed a
total of 326,000 people in Finland.
- The recruitment activities picked up markedly between January and September. The companies
recruited a total of 40,000 new employees, in 2017 a total of 42,500 employees.
11/5/2018 Technology Industries of Finland
29. World Economic Outlook
- Finland as a Part of Global
Economy
2911/5/2018 Technology Industries of Finland
30. GDP also Grows in Finland, but the Backlog for the
Other Euro Area Countries Is up to 8%
30Lähde: MacrobondTechnology Industries
of Finland
11/5/2018
31. Finland’s Exports Jumped in Early 2017, but the
Backlog for the Other Euro Area Countries is 35 %
31Source: Macrobond, Eurostat11/5/2018 Technology Industries
of Finland
32. Recently, Finland's Economic Growth Has also
Been Supported by an Increase in Exports
32Source: Macrobond, Statistics FinlandTechnology Industries
of Finland
11/5/2018
33. Gross Domestic Product Has Grown Long in
Europe and the USA, Finland is Lagging Behind
33Souce: MacrobondTechnology Industries
of Finland
11/5/2018
34. 3411/5/2018 Lähde: Macrobond
In China and India Growth Continues, also Brazil
Is Now Growing
Share of global GDP in China, India, Brazil and Russia is 31 % (adjusted for PP)
Technology Industries
of Finland
35. 3511/5/2018 Latest information October 2018
Source: Markit
Economic Growth in the Euro Area Is Slowing
Down
Purchase Managers’ Index (PMI), 50 = no change from previous month
Technology Industries
of Finland
36. Industrial Production Has also Grown in Finland,
but the Backlog to Other EU Countries Is 15%
3611/5/2018 Source: MacrobondTechnology Industries
of Finland
38. Finland’s Industrial Production Has Lagged Behind
the Competition Countries
38Source: Macrobond, The CPB Netherlands Bureau for Economic Policy AnalysisTechnology Industries
of Finland
11/5/2018
39. 3911/5/2018 Latest information October 2018
Source: Markit
Industrial Production in China is Unchanged
Purchase Managers’ Index (PMI) in manufacturing industry in China
Technology Industries
of Finland
40. 4011/5/2018 Latest information October 2018
Source: Markit
Industrial Production in Russia Is Slightly Growing
Purchase Managers’ Index (PMI) in manufacturing industry in Russia
Technology Industries
of Finland
41. 4111/5/2018 Latest information October 2018
Source: Markit
Industrial Production in Brazil Is Slightly Growing
Purchase Managers’ Index (PMI) in manufacturing industry in Brazil
Technology Industries
of Finland
42. Changes in Foreign Exchange Rates Reflect
Uncertainty about Customs and Economic Sanctions
42Source: Macrobond11/5/2018 Technology Industries
of Finland
43. 43Source: Macrobond
Industrial Production in the USA is Growing
Purchase Managers’ Index (PMI) in manufacturing industry
50 = no change from previous month
Technology Industries
of Finland
11/5/2018
45. 45Source: Macrobond, The CPB Netherlands Bureau for Economic Policy Analysis
Strongest Growth in World Trade Is already
Behind
Export volume
11/5/2018 Technology Industries
of Finland
46. Imports to China Have Increased from Several
Countries
46Source: MacrobondTechnology Industries
of Finland
11/5/2018
47. EU Exports to Russia Have Recovered only Slightly
47Source: MacrobondTechnology Industries
of Finland
11/5/2018
48. Russia’s Share* of Technology Industry Exports
from Finland Has Lowered to Some 5 Per Cent
48*) Soviet Union up to 1991
Source: Finnish Customs
0
2
4
6
8
10
12
14
16
18
20
22
24
26
28
30
32
34
36
38
40
42
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018(1-8)
Technology Industries
of Finland
11/5/2018
%
49. 49Source: IMF (October 2018)
The World Economy Is Projected to Grow by 3.7%
in 2018
GDP growth in 2018 / 2017, %
-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
RestofEastern
Europe
Russia
Brazil
Mexico
RestofLatin
America
MiddleEast
andAfrica
Average growth:
+3,7 %
The width of the bar indicates the share of global GDP in 2017 (adjusted for purchasing power parity), %
Rest
of Asia
Technology Industries
of Finland
11/5/2018
50. 50Source: IMF (October 2018), Finnish Customs
Demand in the Finnish Technology Industry Export
Market is Expected to Grow by 2.7 % in 2018
GDP growth in 2018 / 2017, %
-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
Restof
Eastern
Europe
Russia
Brazil
RestofLatinAmerica
MiddleEastandAfrica
Average growth:
+2,7 %
Mexico
The width of the bar indicates the export share of technology industry from Finland in 2016, %
Technology Industries
of Finland
11/5/2018
52. Finnish Exports Have Lagged Behind the
Competition Countries
52Source: Macrobond, EurostatTechnology Industries
of Finland
11/5/2018
53. Growth Paradox: the Downsized Industry Has
Limited Opportunities to Increase Finnish Exports
53Source: Statistics Finland / industrial production volume index
55%
60%
65%
70%
75%
80%
85%
90%
95%
100%
70
75
80
85
90
95
100
105
110
115
120
125
Industrial
production, with
capacity in full use
(theoretical level),
left axis
Industrial
production, at fixed
prices (2008 = 100),
left axis
Industrial capacity
utilization,%, right
axis-17 %
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
-18 %
Technology Industries
of Finland
11/5/2018
54. 54Source: Macrobond, Eurostat
The Decline in Exports and Recession: the Public
Debt and Total Tax Rate Increased Significantly
Increased cost burden requires cuts to public sector
Technology Industries
of Finland
11/5/2018
55. Unlike the Competition Countries, in Finland
Business Investment Is Still Below the Level in 2008
55Source: OECD, Economic Outlook (June 2018)
70
75
80
85
90
95
100
105
110
115
120
125
130
135
140
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018e 2019e
Corporate investments, at fixed prices, index 2008=100
USA
Sweden
Switzerland
Netherlands
Germany
Finland
11/5/2018 Technology Industries
of Finland
56. 56Source: Statistics Finland, (National Accounts), The Confederation of Finnish Industries* investment survey (June 2018)
Investments in the Manufacturing and Technology
Industry in Finland Do Not Promise Long-Term
Strong Growth
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
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018e
Manufacturing industry (incl. technology industry)
Technology industry (incl. information technology and consulting engineering)
Production and R&D investments in Finland, million euros, at fixed 2017 prices
Technology Industries
of Finland
11/5/2018
57. Industrial Productive and R&D Investment in Finland
Have Not Yet Reached the 2007-2008 Levels
57*) Including software investments.
Source: Statistics Finland (National Accounts), Confederation of Finnish Industries’ Investment Survey June 2018
0
1
2
3
4
5
6
7
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018e
Productive investment
R&D investment*
R&D investment (excl.
electronics industry)*
Billion euros, at fixed 2010 prices
11/5/2018 Technology Industries
of Finland
58. Total Industry Investment in Finland Are Below
the Consumption of Fixed Capital
58*) Including software investments.
Source: Statistics Finland (National Accounts), Confederation of Finnish Industries’ Investment Survey June 2018
0
1
2
3
4
5
6
7
8
9
10
11
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018e
Productive and R&D
investment*
Consumption of Fixed
Capital
Billion euros, at fixed 2010 prices
11/5/2018 Technology Industries
of Finland
59. Industrial Productive Investment in Finland Have
Reached the Level of Consumption of Productive
Capital
59Source: Statistics Finland (National Accounts), Confederation of Finnish Industries’ Investment Survey June 2018
0
1
2
3
4
5
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018e
Productive investment
Consumption of
productive capital
Billion euros, at fixed 2010 prices
11/5/2018 Technology Industries
of Finland
60. Industrial Production Capital in Finland Has
Disappeared Significantly, Especially after 2008
60Source: Statistics Finland (National Accounts), Confederation of Finnish Industries’ Investment Survey June 2018
0
5
10
15
20
25
30
35
40
45
50
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018e
Cumulative consumption
of productive capital
Cumulative productive
investment
Billion euros, at fixed 2010 prices
11/5/2018 Technology Industries
of Finland
61. Investments and productivity* are Decisive for
Finland’s Success
6111/5/2018 Technology Industries of
Finland
*) Productivity is measured as real value added per hours worked. When productivity grows
(the curve rises) value added grows more than hours worked.
Source: Statistics Finland
62. 62Latest information April-June 2018.
Source: Eurostat: Quarterly National Accounts
In Industrial Productivity Development, Finland
Has a Gap of over 20% Compared to EU Average
and over 15% Compared to Sweden and Germany
Value added in manufacturing industry at fixed prices / hours worked
80
85
90
95
100
105
110
115
120
125
130
EU countries
Sweden
Germany
Finland
2008=100
11/5/2018 Technology Industries
of Finland
63. 63Latest information April-June 2018.
Source: Eurostat: Quarterly National Accounts
In GDP Productivity Development, Finland Has a
Gap of 6% Compared to EU Average and 4% to
Sweden and Germany
GDP at fixed prices / hours worked
94
96
98
100
102
104
106
108
110
112
EU countries
Sweden
Germany
Finland
2008=100
11/5/2018 Technology Industries
of Finland
64. Investment Rate of Companies in Finland Is Lower
in Finland than in Other Small European Countries
64Source: Eurostat
18
20
22
24
26
28
30
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Corporate fixed investment compared to value added, % (excl. financial sector)
Sweden
Belgium
Austria
Switzerland
EU countries
Denmark
Finland
Means 8 bill.€, as
now in Finland 25
bill.€
11/5/2018 Technology Industries
of Finland
65. 65
Finland’s Price and Cost Competitiveness vis-à-vis
the Euro Countries Is still to be Improved
Unit labour costs in the whole economy = labour costs / productivity, including the influence of effective
exchange rates
94
96
98
100
102
104
106
108
110
112
114
2000=100
2005=100
2008=100
Finland’s price
and cost
competitiveness
declines
Finland’s price
and cost
competitiveness
improves
00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18
11/5/2018 Technology Industries
of Finland
*) In the ECB Harmonised Competitiveness Index, the average effective exchange rate of each country is calculated vis-à-vis 38
main trade partners, as well as the development of unit labour costs for the total economy.
Latest information April-June 2018. Source: European Central Bank
66. What Should Be Done in Finland?
66
• 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.
Technology Industries
of Finland
11/5/2018
67. Long-Term Outlook and Challenges
67
• Global Structural Change Set to Continue Apace
o Industrial production and services will relocate to rapidly developing economic areas
o 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
o Due to an increase in retirement, the sector’s annual recruitment need in Finland will
rise considerably in the coming years.
o The availability of reasonably-priced energy also threatens to become an investment
bottleneck in Finland
• Combating Climate Change
o A challenge as costs are set to grow faster than in competitor countries
o An opportunity for new environmental and energy technologies
Technology Industries
of Finland
11/5/2018
69. The Federation’s Member Companies 2017
69
250–499 employees
68,763
39%
30,910
18%
26,576
15%
49,725
28%
1,439
92 %
86
5 %
38
2 % 24
1 %
Number of enterprises / 1 587 Number of personnel / 175 974
1–249 employees 500–999 employees
1000– employees
Technology Industries
of Finland
11/5/2018
70. The Federation’s SME Member Companies 2017
70
485
34%
483
33 %
277
19%
194
13%
Number of enterprises / 1 439 Number of personnel / 68 763
5,150
8%
15,456
22%
19,075
28%
29,082
42%
1–19 employees
20–49 employees
50–99 employees
100–249 employees
11/5/2018 Technology Industries
of Finland
71. Operating Profit in the Member Companies of
Technology Industries of Finland in 2017
Operating profit-% = operating result / turnover * 100 (before taxes and financial income
and expenses)
71Source: Statistics Finland
-30
-25
-20
-15
-10
-5
0
5
10
15
20
25
30
(Median: 4,7 %)
Good (27 %)
Satisfactory (22 %)
Weak (29 %)
Unprofitable
(22 %)
11/5/2018 Technology Industries
of Finland
Companies in random order
72. Net Profit in the Member Companies of Technology
Industries of Finland in 2017
Net profit -% = net profit / turnover * 100 (after tax and financial income and expenses)
72
-30
-25
-20
-15
-10
-5
0
5
10
15
20
25
30
(Median: 3,8 %)
Unprofitable (24 %)
Good (21 %)
Satisfactory (23 %)
Weak (32 %)
Source: Statistics Finland11/5/2018 Technology Industries
of Finland
Companies in random order
73. Return on Assets in the Member Companies of
Technology Industries of Finland in 2017
Return on assets -% = (net income + financial expenses + taxes) / (capital invested in the
financial year) * 100
73
-30
-25
-20
-15
-10
-5
0
5
10
15
20
25
30
(Median: 11,8 %)
Good (42 %)
Satisfactory (15 %)
Mediocre (23 %)
Weak (20 %)
Companies in random order
Source: Statistics Finland11/5/2018 Technology Industries
of Finland
74. Equity Ratio in the Member Companies of
Technology Industries of Finland in 2017
Equity ratio -% = (total equity + total appropriations accrued) / adjusted balance sheet * 100
74
0
5
10
15
20
25
30
35
40
45
50
55
60
65
70
75
80
85
90
95
100
(Median: 40,9 %)
Good (51 %)
Satisfactory (24 %)
Weak (25 %)
Companies in random order
Source: Statistics Finland11/5/2018 Technology Industries
of Finland