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, 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.
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, 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, 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, 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, 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
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, 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.
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, 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, 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, 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, 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
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.
The document discusses the technology industry in Finland, including:
1) The technology industry is comprised of five sub-sectors: electronics/electrotechnical, metals, mechanical engineering, information technology, and consulting engineering.
2) The technology industry is a major driver of the Finnish economy, generating over 28% of GDP, nearly 650,000 jobs, and 18 billion euros in annual tax revenue.
3) New order values and order books in early 2019 were up compared to early 2018 for most technology sub-sectors, indicating continued growth in the industry.
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.
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.
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 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.
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 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, 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, 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 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.
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.
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, 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 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, April 2018TechFinland
The document discusses the Finnish technology industry and economic outlook. It contains the following key points:
1) Overcoming Finland's GDP gap will require annual growth of 3.0% from 2019-2023, compared to IMF forecasts of 1.6-1.7% for the euro area.
2) The Finnish technology industry is comprised of five sub-sectors: electronics/electrotechnical, metals, mechanical engineering, information technology, and consulting engineering.
3) The technology industry generates over 650,000 jobs in Finland, accounts for over 50% of exports, and contributes €57 billion to GDP.
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.
Finnish technology industry, September 2019TechFinland
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 exports and accounts for over 25% of total employment in Finland. The industry has a major impact on the Finnish economy, contributing €57 billion to GDP value added in 2018 through direct, indirect, and induced effects. New order levels for most sub-sectors increased in the first half of 2019 compared to the previous year.
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.
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.
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.
The document discusses the technology industry in Finland, including:
1) The technology industry is comprised of five sub-sectors: electronics/electrotechnical, metals, mechanical engineering, information technology, and consulting engineering.
2) The technology industry is a major driver of the Finnish economy, generating over 28% of GDP, nearly 650,000 jobs, and 18 billion euros in annual tax revenue.
3) New order values and order books in early 2019 were up compared to early 2018 for most technology sub-sectors, indicating continued growth in the industry.
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.
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.
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 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.
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 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, 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, 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 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.
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.
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, 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 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, April 2018TechFinland
The document discusses the Finnish technology industry and economic outlook. It contains the following key points:
1) Overcoming Finland's GDP gap will require annual growth of 3.0% from 2019-2023, compared to IMF forecasts of 1.6-1.7% for the euro area.
2) The Finnish technology industry is comprised of five sub-sectors: electronics/electrotechnical, metals, mechanical engineering, information technology, and consulting engineering.
3) The technology industry generates over 650,000 jobs in Finland, accounts for over 50% of exports, and contributes €57 billion to GDP.
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.
Finnish technology industry, September 2019TechFinland
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 exports and accounts for over 25% of total employment in Finland. The industry has a major impact on the Finnish economy, contributing €57 billion to GDP value added in 2018 through direct, indirect, and induced effects. New order levels for most sub-sectors increased in the first half of 2019 compared to the previous year.
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.
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, 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, September 2020TechFinland
The document discusses the technology industry in Finland, which comprises five sub-sectors: electronics/electrotechnical, metals, mechanical engineering, information technology, and consulting engineering. It provides statistics on the industry's turnover, exports, employment, and economic impact. The technology industry is Finland's largest export sector and generates over half of all exports. It contributes significantly to GDP, employment, tax revenue, and research investment in Finland. Recent data shows a decline in new orders for some sub-sectors due to the COVID-19 pandemic.
This 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 generates over €55 billion in value added annually, accounting for over 28% of Finland's GDP. It employs nearly 650,000 people directly and indirectly.
- The industry is Finland's largest export sector, accounting for about 50% of total exports. Its exports were over €30 billion in 2020.
- Recent economic data on orders, revenues and employment in the industry sub-sectors is presented, with some mixed performance in early 2021 compared to 2020 levels. The impacts of the
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.
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, 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.
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: 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 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.
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.
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 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, November 2019TechFinland
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 industry's turnover, exports, employment, and economic impact. The technology industry is Finland's largest export sector, accounting for over 50% of exports. It generates significant value added to the economy, tax revenue, jobs, and research and development investment. Recent data shows growth in orders and order books for some sub-sectors, while others have seen declines.
Finnish technology industry, February 2016TechFinland
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, December 2019TechFinland
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 industry's turnover, exports, tax revenue generated, and employment levels. The technology industry is Finland's largest export sector and has a significant impact on the country's economy and jobs. Recent data shows growth in new orders and order books for some sub-sectors, while others have seen declines.
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.
Similar to Finnish technology industry, September 2017 (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 28% of Finland's GDP, exports over 50% of the country's total exports, and employs over 336,000 people directly and 705,000 indirectly. While new orders increased 12% in the second quarter of 2022, the outlook varies between sub-sectors, with electronics and electrotechnical seeing strong growth but mechanical engineering exports declining.
Technology industry / Finnish economic outlookTechFinland
The document discusses the Finnish technology industry economic outlook for June 2022. It provides details on:
- The five sub-sectors that comprise the technology industry in Finland and key stats on each.
- The technology industry's significant contributions to the Finnish economy, including being the largest export sector, generating over €55 billion in value added (28% of GDP), and providing over 650,000 jobs.
- Charts showing trends in the technology industry's turnover, exports, new orders, order books, and personnel recruitment over time.
South Dakota State University degree offer diploma Transcriptynfqplhm
办理美国SDSU毕业证书制作南达科他州立大学假文凭定制Q微168899991做SDSU留信网教留服认证海牙认证改SDSU成绩单GPA做SDSU假学位证假文凭高仿毕业证GRE代考如何申请南达科他州立大学South Dakota State University degree offer diploma Transcript
KYC Compliance: A Cornerstone of Global Crypto Regulatory FrameworksAny kyc Account
This presentation explores the pivotal role of KYC compliance in shaping and enforcing global regulations within the dynamic landscape of cryptocurrencies. Dive into the intricate connection between KYC practices and the evolving legal frameworks governing the crypto industry.
New Visa Rules for Tourists and Students in Thailand | Amit Kakkar Easy VisaAmit Kakkar
Discover essential details about Thailand's recent visa policy changes, tailored for tourists and students. Amit Kakkar Easy Visa provides a comprehensive overview of new requirements, application processes, and tips to ensure a smooth transition for all travelers.
Vicinity Jobs’ data includes more than three million 2023 OJPs and thousands of skills. Most skills appear in less than 0.02% of job postings, so most postings rely on a small subset of commonly used terms, like teamwork.
Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.
A toxic combination of 15 years of low growth, and four decades of high inequality, has left Britain poorer and falling behind its peers. Productivity growth is weak and public investment is low, while wages today are no higher than they were before the financial crisis. Britain needs a new economic strategy to lift itself out of stagnation.
Scotland is in many ways a microcosm of this challenge. It has become a hub for creative industries, is home to several world-class universities and a thriving community of businesses – strengths that need to be harness and leveraged. But it also has high levels of deprivation, with homelessness reaching a record high and nearly half a million people living in very deep poverty last year. Scotland won’t be truly thriving unless it finds ways to ensure that all its inhabitants benefit from growth and investment. This is the central challenge facing policy makers both in Holyrood and Westminster.
What should a new national economic strategy for Scotland include? What would the pursuit of stronger economic growth mean for local, national and UK-wide policy makers? How will economic change affect the jobs we do, the places we live and the businesses we work for? And what are the prospects for cities like Glasgow, and nations like Scotland, in rising to these challenges?
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.
Madhya Pradesh, the "Heart of India," boasts a rich tapestry of culture and heritage, from ancient dynasties to modern developments. Explore its land records, historical landmarks, and vibrant traditions. From agricultural expanses to urban growth, Madhya Pradesh offers a unique blend of the ancient and modern.
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.
How to Invest in Cryptocurrency for Beginners: A Complete GuideDaniel
Cryptocurrency is digital money that operates independently of a central authority, utilizing cryptography for security. Unlike traditional currencies issued by governments (fiat currencies), cryptocurrencies are decentralized and typically operate on a technology called blockchain. Each cryptocurrency transaction is recorded on a public ledger, ensuring transparency and security.
Cryptocurrencies can be used for various purposes, including online purchases, investment opportunities, and as a means of transferring value globally without the need for intermediaries like banks.
Dr. Alyce Su Cover Story - China's Investment Leadermsthrill
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
Optimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdfshruti1menon2
NIM is calculated as the difference between interest income earned and interest expenses paid, divided by interest-earning assets.
Importance: NIM serves as a critical measure of a financial institution's profitability and operational efficiency. It reflects how effectively the institution is utilizing its interest-earning assets to generate income while managing interest costs.
The Impact of Generative AI and 4th Industrial RevolutionPaolo Maresca
This infographic explores the transformative power of Generative AI, a key driver of the 4th Industrial Revolution. Discover how Generative AI is revolutionizing industries, accelerating innovation, and shaping the future of work.
2. The Finnish Technology Industry Is Comprised of
Five Sub-Sectors
29/15/2017 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…
3. The Finnish Technology Industry Is Comprised of
Five Sub-Sectors
3
ELEKTRONICS AND ELECTROTECHNICAL
INDUSTRY
• Data communications equipment, electrical
machinery, medical technology
• Turnover (2016): 13.3 billion euros
• Personnel (2016): 38,000
METALS INDUSTRY
• Steel products, non-ferrous metals,
castings, metallic minerals
• Turnover (2016): 9.0 billion euros
• Personnel (2016): 15,400
MECHANICAL ENGINEERING
• Machinery, metal products, vehicles
• Turnover (2016): 27.7 billion euros
• Personnel (2016): 122,400
INFORMATION TECHNOLOGY
• IT services, applications and
programming
• Turnover (2016): 11.5 billion euros
• Personnel (2016): 60,400
CONSULTING ENGINEERING
• Expertise for construction industry and
infrastructure
• Turnover (2016): 5.8 billion euros
• Personnel (2016): 49,800
9/15/2017 Technology Industries
of Finland
4. The Technology Industry –
the Largest Export Sector in Finland
4
• 50 % of total Finnish exports.
• Companies invest about EUR 5.0 billion
annually in Finland.
• 70 % of private-sector R&D investment.
• Almost 295,000 employed directly in the
sector, 700,000 employed in total,
equalling about 30% of the entire Finnish
labour force.
• Technology Industries of Finland has over
1,600 member companies.
9/15/2017 Technology Industries
of Finland
5. Turnover of the Technology Industry in Finland
5Source: Macrobond, Statistics Finland, Technology Industries of Finland9/15/2017 Technology Industries
of Finland
6. 6*) In addition to goods exports the sector exported services worth some 12.3 billion euros (2015).
Source: National Board of Customs, Statistics Finland
Export of Technology Industry Goods from Finland
by Area in 2016
Total goods exports 25.2 billion euros*
North America
2.5 billion €
9.8 %
Western Europe
13.7 billion €
53.9 %
South and
Middle America
0.8 billion €
3.2 %
Central and Eastern Europe
3.8 billion €
15.0 %
Africa
0.4 billion €
1.7 %
Middle and
Central East
0.5 billion €
1.8 %
Asia
3.7 billion €
14.6 %
9/15/2017 Technology Industries
of Finland
7. Technology, Forest and Chemical Industries
Provide 80 % of Finland's Goods and Services
Exports Revenue
Goods and service exports: billion euros and the share of Finnish exports in 2016*
7*) Service exports industry-specific data for the year 2015.
Source: Board of Customs, Statistics Finland (National Accounts, Foreign trade in services)
Technology industry
50%
Forest industry
15%
Chemical industry
15%
Other sectors
20%
9/15/2017 Technology Industries
of Finland
8. Turnover of the Industry and Technology Industry
in Finland
8Source: Macrobond, Statistics Finland9/15/2017 Technology Industries
of Finland
9. Turnover of the Technology Industry in Finland
9Source: Macrobond, Statistics Finland9/15/2017 Technology Industries
of Finland
10. Value of New Orders in the Technology Industry*
in Finland
10Source: The Federation of Finnish Technology Industries’ order book survey’s respondent
companies, latest observation April-June 2017
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
Million euros, at current prices
Change: II,2017 / II,2016 II,2017 / I,2017
Export: +60 % +31 %
Domestic: +15 % +8 %
Combined: +47 % +25 %
*) Excl. metals
industry and game
industry companies
Technology Industries
of Finland
9/15/2017
11. Value of Order Books in the Technology Industry*
in Finland
11Source: The Federation of Finnish Technology Industries’ order book survey’s respondent
companies, latest observation 30.6.2017
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
Export
Domestic
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Million euros, at current prices
Change: 30.6.2017 / 30.6.2016 30.6.2017 / 31.3.2017
Export: +25 % +14 %
Domestic: -1 % +2 %
Combined: +18 % +10 %
*) Excl. metals
industry and game
industry companies
Combined
Technology Industries
of Finland
9/15/2017
12. Tender Requests* Received by Technology
Industry Companies in Finland
1215.9.2017 Teknologiateollisuus Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies,
the last questionnaire is April 2017
-60
-50
-40
-30
-20
-10
0
10
20
30
40
Balance figure
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
*) 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.
13. Value of New Orders in the Electronics and
Electrotechnical Industry in Finland
13Source: The Federation of Finnish Technology Industries’ order book survey’s respondent
companies, latest observation April-June 2017
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
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Million euros, at current prices
Change: II,2017 / II,2016 II,2017 / I,2017
Export: +11 % +4 %
Domestic: +45 % +30 %
Combined: +18 % +9 %
Technology Industries
of Finland
9/15/2017
14. Value of Order Books in the Electronics and
Electrotechnical Industry in Finland
14Source: The Federation of Finnish Technology Industries’ order book survey’s respondent
companies, latest observation 30.6.2017
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: 30.6.2017 / 30.6.2016 30.6.2017 / 31.3.2017
Export: +8 % +4 %
Domestic: +26 % +27 %
Combined: +11 % +8 %
Combined
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Technology Industries
of Finland
9/15/2017
15. Value of New Orders in the Mechanical
Engineering in Finland
15Source: The Federation of Finnish Technology Industries’ order book survey’s respondent
companies, latest observation April-June 2017
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
5,500
6,000
Combined
Export
Domestic
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Million euros, at current prices
Change: II,2017 / II,2016 II,2017 / I,2017
Export: +113 % +53 %
Domestic: +3 % +7 %
Combined: +86 % +45 %
Technology Industries
of Finland
9/15/2017
16. Value of Order Books in the Mechanical
Engineering in Finland
16Source: The Federation of Finnish Technology Industries’ order book survey’s respondent
companies, latest observation 30.6.2017
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
16,000
Export
Domestic
Million euros, at current prices
Change: 30.6.2017 / 30.6.2016 30.6.2017 / 31.3.2017
Export: +31 % +17 %
Domestic: -10 % -2 %
Combinedä: +23 % +14 %
Combined
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Technology Industries
of Finland
9/15/2017
17. Value of New Orders in the Consulting Engineering
in Finland
17Source: The Federation of Finnish Technology Industries’ order book survey’s respondent
companies, latest observation April-June 2017
0
50
100
150
200
250
300
350
Combined
Export
Domestic
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Million euros, at current prices
Change: II,2017 / II,2016 II,2017 / I,2017
Export: -28 % -46 %
Domestic: +11 % +1 %
Combined: +5 % -8 %
Technology Industries
of Finland
9/15/2017
18. Value of Order Books in the Consulting
Engineering in Finland
18Source: The Federation of Finnish Technology Industries’ order book survey’s respondent
companies, latest observation 30.6.2017
0
100
200
300
400
500
600
700
800
Export
Domestic
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Million euros, at current prices
Change: 30.6.2017 / 30.6.2016 30.6.2017 / 31.3.2017
Export: +78 % +2 %
Domestic: +4 % +2 %
Combined: +15 % +2 %
Combined
Technology Industries
of Finland
9/15/2017
19. Value of New Orders in the Information
Technology* in Finland
19Source: The Federation of Finnish Technology Industries’ order book survey’s respondent
companies, latest observation April-June 2017
0
50
100
150
200
250
300
350
400
450
500
550
600
650
700
750
800
850
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Million euros, at current prices
Change: II,2017 / II,2016 II,2017 / I,2017
Combined: -1 % -12 %
*) Excl. game industry companies
Technology Industries
of Finland
9/15/2017
20. Value of Order Books in the Information
Technology* in Finland
20Source: The Federation of Finnish Technology Industries’ order book survey’s respondent
companies, latest observation 30.6.2017
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
Million euros, at current prices
Change: 30.6.2017 / 30.6.2017 30.6.2017 / 31.3.2017
Combined: -2 % -5 %
*) Excl. game industry companies
Technology Industries
of Finland
9/15/2017
21. Technology Industry Personnel
219/15/2017 Technology Industries of Finland Source: Statistics Finland, The Federation of Finnish Technology Industries’ labour force survey, Macrobond
(30.6)
22. Technology Industry Personnel in Finland by
Branch
229/15/2017 Technology Industries of Finland Source: Statistics Finland, The Federation of Finnish Technology Industries’ labour force survey, Macrobond
(30.6)
23. Technology Industry Personnel in Subsidiaries
Abroad by Branch
239/15/2017 Technology Industries of Finland Source: The Federation of Finnish Technology Industries’ labour force survey, Macrobond
24. Retirement of Technology Industry Personnel in
Finland
24
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
9/15/2017
25. Retirement of Technology Industry Blue Collar
Employees in Finland
25
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
9/15/2017
26. Overview of the Situation in the Technology
Industry and Outlook for Autumn 2017
26
- Turnover in Finland totalled some EUR 67.3 billion in 2016. This is about half per cent higher
than in 2015. In January-June 2017 turnover was 11 % higher than last year at the same
time. In 2008, prior to the financial crises, the corresponding figure was EUR 86 billion.
- The monetary value of new orders reported between April-June 2017 was 25 % higher than
in January-March, and 47 % higher than in the corresponding period in 2016.
- At the end of June, the value of order books was 10 % higher than at the end of March, and
18 % higher than in June 2016.
- The turnover of technology industry companies in autumn 2017 is expected to be higher
than in the corresponding period last year.
- The number of personnel in Finland increased somewhat in January-June 2017. Personnel
increased by two per cent, or by 6,000 employees from the average number in 2016. On
average, the industry employed 296,000 people in June. In 2008, the industry employed a
total of 326,000 people in Finland.
- The recruitment activities have picked up markedly in 2017. The companies recruited a total
of 22,600 new employees between January and June.
9/15/2017 Technology Industries of Finland
27. World Economic Outlook
- Finland as a Part of Global
Economy
279/15/2017 Technology Industries of Finland
28. Gross Domestic Product Has Grown in the Euro
Area for a Long Time, and Now also in Finland
28Lähde: MacrobondTechnology Industries
of Finland
9/15/2017
29. Recently, Finland's Economic Growth Has also
Been Supported by an Increase in Exports
29Source: Macrobond, Statistics FinlandTechnology Industries
of Finland
9/15/2017
30. GDP Has Grown for a Long Time in the Euro Area,
Now Also in Finland
309/15/2017 Lähde: MacrobondTechnology Industries
of Finland
31. 319/15/2017 Lähde: Macrobond
In China and India Growth Continues, also Brazil
Is Returning to Growth
Share of global GDP in China, India, Brazil and Russia is 31 % (adjusted for PP)
Technology Industries
of Finland
32. 329/15/2017 Latest information August 2017
Source: Markit
GDP Growth in the Euro Area Has Picked up During
the last Months
Purchase Managers’ Index (PMI), 50 = no change from previous month
Technology Industries
of Finland
35. Industrial Production is Growing in Particular in
Emerging Countries
359/15/2017 Source: Macrobond, The CPB Netherlands Bureau for Economic Policy AnalysisTechnology Industries
of Finland
36. 369/15/2017 Latest information August 2017
Source: Markit
Industrial Production in China is Declining Slightly
Purchase Managers’ Index (PMI) in manufacturing industry in China
Technology Industries
of Finland
37. 379/15/2017 Latest information August 2017
Source: Markit
Industrial Production in Russia is Growing
Purchase Managers’ Index (PMI) in manufacturing industry in China
Technology Industries
of Finland
38. 389/15/2017 Latest information August 2017
Source: Markit
Industrial Production in Brazil Is Increasing
Purchase Managers’ Index (PMI) in manufacturing industry in China
Technology Industries
of Finland
39. 39Source: Macrobond
Industrial Production in USA is Growing
Purchase Managers’ Index (PMI) in manufacturing industry
50 = no change from previous month
Technology Industries
of Finland
9/15/2017
40. 40Source: Macrobond
Growth of Residence Construction Has Lowered in
China
Share of China in Asian GDP is 42% (adjusted for PP)
Technology Industries
of Finland
9/15/2017
41. 41Souce: Macrobond
Fixed Investment in Brazil Continue to Decrease
Share of Russia in European GDP is 13 % (adjusted for PP)
Share of Brazil in Latin American GDP is 35 % (adjusted for PP)
Technology Industries
of Finland
9/15/2017
42. 42Source: Macrobond, The CPB Netherlands Bureau for Economic Policy Analysis
World Trade Has Picked up Again
Import volume development
Technology Industries
of Finland
9/15/2017
43. Imports to China Have Increased from Several
Countries, but Are Slowing Down
43Source: MacrobondTechnology Industries
of Finland
9/15/2017
44. Exports from EU Countries to Russia Have Fallen,
but Stabilized
44Source: MacrobondTechnology Industries
of Finland
9/15/2017
45. Russia’s Share* of Technology Industry Exports
from Finland Has Lowered to Some Five Per Cent
45*) 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(1-6)
Technology Industries
of Finland
9/15/2017
%
46. 46Source: IMF (April 2017)
Global Economy is Expected to Grow by 3,5 % in
2017
GDP growth in 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
Restof
EasternEurope
Russia
Brazil
Mexico
RestofLatin
A,merica
MiddleEast
andAfrica
Average growth:
+3,5 %
The width of the bar indicates the share of global GDP in 2015 (adjusted for purchasing power parity), %
Rest of
Asia
9/15/2017 Technology Industries
of Finland
47. 47Source: IMF (April 2017), Board of Customs
Demand in the Finnish Technology Industry Export
Market is Expected to Grow by 2.2 % in 2017
GDP growth 2017 / 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
Restof
EasternEurope
Russia
Brazil
RestofLatinAmerica
MiddleEastandAfrica
Average growth:
+2.2 %
Mexico
The width of the bar indicates the export share of technology industry from Finland in 2015, %
9/15/2017 Technology Industries
of Finland
50. Finnish Exports Lagging Behind Competitors
50Source: Macrobond, EurostatTechnology Industries
of Finland
9/15/2017
51. Economic Growth is Constrained by the 20% Drop
in Production Capacity and a High Rate of Utilization
Investments are vital for the production and export recovery
51
55%
60%
65%
70%
75%
80%
85%
90%
95%
100%
70
75
80
85
90
95
100
105
110
115
120
125
Industrial
production ability
(production with
capacity in full
use), left. Scale
Industrial
production
(2008=100), left
scale
Capacity utilization
rate, %, right scale
-19 %
2008 200
9
2010 2011 2012 2013 2014 2015 2016 2017
-21 %
Source: Statistics Finland / National Accounts, Industrial volume indexTechnology Industries
of Finland
9/15/2017
52. 52Source: Macrobond, Eurostat
Growth of Public Expenditures, Debt and Tax Ratio
in Finland
Increased cost burden requires cuts to public sector
Technology Industries
of Finland
9/15/2017
53. Corporate Investments in Finland Are in Real
Terms Almost 6 Billion Euros Lower than in 2008
Production and R&D investments in Finland
53Source: Statistics Finland, National Accounts
20
21
22
23
24
25
26
27
28
29
30
31
32
2008 2009 2010 2011 2012 2013 2014 2015 2016
Billion euros, in the 2016 price level
Technology Industries
of Finland
9/15/2017
54. Companies in Finland Have Invested Significantly
Less than in Competing Countries
54Source: OECD, Economic Outlook (June 2017)
70
75
80
85
90
95
100
105
110
115
120
125
130
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017e 2018e
USA
Switzerland
Sweden
Netherlands
Germany
Finland
Corporate investments, index 2008 = 100
Technology Industries
of Finland
9/15/2017
55. 55Source: Statistics Finland, (National Accounts), The Confederation of Finnish Industries* investment survey (June 2017)
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
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017e
Manufacturing industry (incl. technology industry)
Technology industry (incl. information technology and consulting engineering)
Production and R&D investments in Finland, million euros, at current prices
Technology Industries
of Finland
9/15/2017
56. Investments and productivity* are Decisive for
Finland’s Success
Productivity of export sector is 10 % lower than in 2007-2008, productivity of entire
national economy is 3 % lower
56
*) 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
Source: Statistics Finland / National Accounts
Technology Industries
of Finland
9/15/2017
57. Rapid Growth in Labour Costs Has Weakened the
Ability of Companies to Invest in Finland
57*) Both wages and R & D investments include R&D staff wage costs
Source: Statistics Finland (National Accounts)
50
55
60
65
70
75
80
85
90
95
100
105
110
115
2008 2009 2010 2011 2012 2013 2014 2015 2016
Corporate wages and
social security costs*
Corporate production
and R&D investments*
Corporate profits after
taxes
At current prices, index 2008=100
Technology Industries
of Finland
9/15/2017
58. 58
Finland's Price and Cost Competitiveness Vis-à-vis
the Euro Area Has Improved Recently
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
01 02 03 05 06 07 08 09 10 11 12 13 14 15 16 17
9/15/2017 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 January-March 2017. Source: European Central Bank
59. What Should Be Done in Finland?
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.
Technology Industries
of Finland
9/15/2017
60. Long-Term Outlook and Challenges
60
• 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
9/15/2017