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Technology Industry / Finnish Economic Outlook March 2018

Technology Industry / Finnish Economic Outlook March 2018. The Finnish Technology Industry Is Comprised of Five Sub- Sectors. MECHANICAL ENGINEERING

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Technology Industry / Finnish Economic Outlook March 2018

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  1. Technology Industry /Finnish Economic OutlookMarch 2018 Technology Industries of Finland

  2. The Finnish Technology Industry Is Comprised of Five Sub-Sectors MECHANICAL ENGINEERING Abloy, Cargotec, Finn-Power, Fiskars, Glaston, Kone, Konecranes, Metso, Meyer Turku, Normet, Oras, Patria, Pemamek, Ponsse, Stala, Valmet, Valtra, Wärtsilä… METALS INDUSTRY Boliden, Componenta, Kuusakoski, Luvata, Outokumpu, Outotec, Ovako, Sacotec, SSAB … ELEKTRONICS AND ELECTROTECHNICAL INDUSTRY ABB, Ensto, Microsoft Mobile, MurataElectronics, Nokia, Planmeca, Polar Electro, Suunto, Vacon, Vaisala… INFORMATION TECHNOLOGY Affecto, Basware, Bilot, CGI, Comptel, Digia, Efecte, Enfo, F-Secure, Fujitsu Finland, IBM, Innofactor, Knowit, Microsoft, Nixu, Tieto… CONSULTING ENGINEERING A-Insinöörit, Citec, Elomatic, Etteplan, FCG, Granlund, Neste Jacobs, Pöyry, Ramboll, Rejlers, SITO, SWECO, WSP… Technology Industries of Finland

  3. The Finnish Technology Industry Is Comprised of Five Sub-Sectors • MECHANICAL ENGINEERING • Machinery, metal products, vehicles • Turnover (2017): 30 billioneuros • Personnel (2017): 128,000 • METALS INDUSTRY • Steel products, non-ferrousmetals, castings, metallicminerals • Turnover (2017): 10.9 billioneuros • Personnel (2017): 15,100 • ELEKTRONICS AND ELECTROTECHNICAL • INDUSTRY • Data communicationsequipment, electricalmachinery, medicaltechnology • Turnover (2017): 14.7 billioneuros • Personnel (2017): 39,000 • INFORMATION TECHNOLOGY • IT services, applications and programming • Turnover (2017): 12.4 billioneuros • Personnel (2017): 62,600 • CONSULTING ENGINEERING • Expertise for constructionindustry and infrastructure • Turnover (2017): 6.2 billioneuros • Personnel (2017): 52,500 Technology Industries of Finland

  4. The Technology Industry – the Largest Export Sector in Finland 51 % of total Finnish exports. CompaniesinvestaboutEUR 5.5 billionannually in Finland. 70 % of private-sector R&D investment. Some 300,000employeddirectly in thesector, 700,000employed in total, equallingabout30% of theentire Finnish labour force. Technology Industries of Finland hasover1,600membercompanies. Technology Industries of Finland

  5. Turnover of the Technology Industry in Finland Source: Macrobond, Statistics Finland, Technology Industries of Finland Technology Industries of Finland

  6. *) In addition to goodsexportsthesectorexportedservicesworth some 13 billioneuros. Source: National Board of Customs, Statistics Finland Export of Technology Industry Goodsfrom Finland by Area in 2017 Total goodsexports 30.6 billioneuros* Central and Eastern Europe 5.11 billion € 16.6 % Western Europe 16.44 billion € 53.7 % North America 2.79 billion € 9.1 % Asia 4.51 billion € 14.7 % Middle and Central East 0.51 billion € 1.7 % South and Middle America 0.84 billion € 2.8 % Africa 0.43 billion € 1.4 % Technology Industries of Finland

  7. Technology, Forest and Chemical Industries Provide 81 % of Finland's Goods and Services Exports Revenue Goods and serviceexports: billioneuros and theshare of Finnish exports in 2017 *) Service exportsindustry-specific data for theyear 2017 arepreliminaryinformation. Source: Board of Customs, Statistics Finland (National Accounts, Foreigntrade in services), Federation of Finnish Technology Industries Technology Industries of Finland

  8. Turnover of the Industry and Technology Industry in Finland Source: Macrobond, Statistics Finland Technology Industries of Finland

  9. Turnover of the Technology Industry in Finland Source: Macrobond, Statistics Finland Technology Industries of Finland

  10. Value of New Orders in the Technology Industry* in Finland Source: The Federation of Finnish Technology Industries’ orderbooksurvey’srespondentcompanies, latestobservation October-December 2017. Millioneuros, at currentprices *) Excl. metalsindustry, gameindustry and data center companies Technology Industries of Finland

  11. Value of Order Books in the Technology Industry* in Finland Source: The Federation of Finnish Technology Industries’ orderbooksurvey’srespondentcompanies, latestobservation 31.12.2017 Millioneuros, at currentprices Combined *) Excl. metalsindustry, gameindustry and data center companies Technology Industries of Finland

  12. TenderRequests* Receivedby Technology Industry Companies in Finland Source: The Federation of Finnish Technology Industries’ orderbooksurvey’srespondentcompanies, the last questionnaire is January 2018 *) Haveyouexperienced a notableincreaseordecrease in thenumber of requests for tenders in recentweeks in comparison to thesituationthreemonthsago?”. Balancefigure = thenumber of companiesreceivingmorerequests - thenumber of companiesreceivinglessrequests. Technology Industries of Finland

  13. Value of New Orders in theElectronics and Electrotechnical Industry in Finland Source: The Federation of Finnish Technology Industries’ orderbooksurvey’srespondentcompanies, latestobservation October-December 2017. Millioneuros, at currentprices Technology Industries of Finland

  14. Value of Order Books in theElectronics and Electrotechnical Industry in Finland Source: The Federation of Finnish Technology Industries’ orderbooksurvey’srespondentcompanies, latestobservation 31.12.2017 Millioneuros, at currentprices Combined Technology Industries of Finland

  15. Value of New Orders in theMachanical Engineering in Finland Source: The Federation of Finnish Technology Industries’ orderbooksurvey’srespondentcompanies, latestobservation October-December 2017. Millioneuros, at currentprices Technology Industries of Finland

  16. Value of Order Books in theMechanical Engineering in Finland Source: The Federation of Finnish Technology Industries’ orderbooksurvey’srespondentcompanies, latestobservation 31.12.2017 Millioneuros, at currentprices Combined Technology Industries of Finland

  17. Value of New Orders in the Consulting Engineering in Finland Source: The Federation of Finnish Technology Industries’ orderbooksurvey’srespondentcompanies, latestobservation October-December 2017. Millioneuros, at currentprices Technology Industries of Finland

  18. Value of Order Books in the Consulting Engineering in Finland Source: The Federation of Finnish Technology Industries’ orderbooksurvey’srespondentcompanies, latestobservation 31.12.2017. Millioneuros, at currentprices Combined Technology Industries of Finland

  19. Value of New Orders in theInformation Technology* in Finland Source: The Federation of Finnish Technology Industries’ orderbooksurvey’srespondentcompanies, latestobservation October-December 2017. Millioneuros, at currentprices *) Excl. gameindustry and data center companies. Technology Industries of Finland

  20. Value of Order Books in theInformation Technology* in Finland Source: The Federation of Finnish Technology Industries’ orderbooksurvey’srespondentcompanies, latestobservation 31.12.2017. Millioneuros, at currentprices *) Excl. gameindustry and data center companies. Technology Industries of Finland

  21. Technology Industry Personnel Source: Statistics Finland, The Federation of Finnish Technology Industries’ labour force survey, Macrobond Technology Industries of Finland

  22. Technology Industry Personnel in Finland by Branch Source: Statistics Finland, The Federation of Finnish Technology Industries’ labour force survey, Macrobond Technology Industries of Finland

  23. Technology Industry Personnel in Subsidiaries Abroad by Branch Source: The Federation of Finnish Technology Industries’ labour force survey, Macrobond Technology Industries of Finland

  24. Retirement of Technology Industry Personnel in Finland Source: Wageinquiry of theTechonologyIndustries of Finland, Finnish Centre for Pensions, Statistics Finland Individuals per year Salariedemployees Bluecollaremployees Technology Industries of Finland

  25. Retirement of Technology Industry BlueCollarEmployees in Finland Source: Wageinquiry of theTechonologyIndustries of Finland, Finnish Centre for Pensions, Statistics Finland Individuals per year Technology Industries of Finland

  26. Overview of theSituation in the Technology Industry and Outlook for theSpring of 2018 - Turnover in Finland totalled some EUR 74.1 billion in 2017. Turnoverwas 10 % higherthan in 2016. In 2008, prior to thefinancialcrises, thecorrespondingfigurewas EUR 86 billion. - The monetaryvalue of newordersreportedbetween October-December 2017 was 54 % higherthan in July-September, and 40 % higherthan in thecorrespondingperiod in 2016. In late 2017, the growth was boosted by two large ship orders in particular. - At theend of December, thevalue of orderbookswas 11 % higherthan at theend of September, and 25 % higherthan in December 2016. - The turnover of technologyindustrycompaniesduringthespring of 2018 is expected to behigherthan in thecorrespondingperiodlastyear. - The number of personnel in Finland increased in 2017. Personnel increased by a good of two per cent, or by 6,400 employees from the average number in 2016. On average, the industry employed 297,000 people. In 2008, the industry employed a total of 326,000 people in Finland. - The recruitmentactivitiespickedupmarkedly in 2017. The companiesrecruited a total of 42,500 newemployees, in 2016 a total of 28,500 employees. Technology Industries of Finland

  27. World Economic Outlook - Finland as a Part of Global Economy Technology Industries of Finland

  28. GDP also Grows in Finland, but the Backlog for the Other Euro Area Countries Is up to 8% Lähde: Macrobond Technology Industries of Finland

  29. Finland’s Exports Jumped in Early 2017, but the Backlog for the Other Euro Area Countries is 35 % Source: Macrobond, Eurostat Teknologiateollisuus

  30. Recently, Finland's Economic Growth Has also Been Supported by an Increase in Exports Source: Macrobond, Statistics Finland Technology Industries of Finland

  31. Gross Domestic Product Has Grown Long in Europe and the USA, Finland is Lagging Behind Souce: Macrobond Technology Industries of Finland

  32. 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

  33. LatestinformationFebruary 2018 Source: Markit GDP Growth in the Euro Area Has Picked up During the last MonthsPurchaseManagers’ Index (PMI), 50 = no changefrompreviousmonth Technology Industries of Finland

  34. Industrial Production Volume Source: Macrobond Technology Industries of Finland

  35. Industrial Production Volume in the EU Countries Source: Macrobond Technology Industries of Finland

  36. Finland’s Industrial Production Has Lagged Behind the Competition Countries Source: Macrobond, The CPB Netherlands Bureau for Economic Policy Analysis Technology Industries of Finland

  37. LatestinformationFebruary 2018 Source: Markit Industrial Production in China is GrowingSlightlyPurchaseManagers’ Index (PMI) in manufacturingindustry in China Technology Industries of Finland

  38. LatestinformationFebruary 2018 Source: Markit Industrial ProductionGrowth in RussiaHasCome to a Standstill Technology Industries of Finland

  39. LatestinformationFebruary 2018 Source: Markit Industrial Production in Brazil Is GrowingPurchaseManagers’ Index (PMI) in manufacturingindustry in China Technology Industries of Finland

  40. Source: Macrobond Industrial Production in the USA is GrowingPurchaseManagers’ Index (PMI) in manufacturingindustry 50 = no changefrompreviousmonth Technology Industries of Finland

  41. Source: Macrobond Growth of Residence Construction Has Lowered in China Share of China in Asian GDP is 42% (adjusted for PP) Technology Industries of Finland

  42. Souce: Macrobond Fixed Investments Have also Grown in Brazil Technology Industries of Finland

  43. Source: Macrobond, The CPB Netherlands Bureau for Economic Policy Analysis World Trade Has Picked up Again Technology Industries of Finland

  44. Imports to China Have Increased from Several Countries Source: Macrobond Technology Industries of Finland

  45. EU Exports to Russia Have Recovered Slightly Source: Macrobond Technology Industries of Finland

  46. Russia’sShare* of Technology Industry Exports from Finland HasLowered to Some 5-6 Per Cent *) Soviet Union up to 1991 Source: Finnish Customs % Technology Industries of Finland

  47. Source: IMF (January 2018) The World Economy Is Projected to Grow by 3.9% in 2018 GDP growth in 2018 / 2017, % India China Rest of Eastern Europe Averagegrowth: +3,9 % • Middle East • and Africa Rest of Latin America Rest of Asia Mexico Brazil North America Russia Western Europe Japan The width of thebarindicatestheshare of global GDP in 2017 (adjusted for purchasingpowerparity), % Technology Industries of Finland

  48. Source: IMF (January 2018), FinnishCustoms Demand in theFinnish Technology Industry Export Market is Expected to Growby 2.8 % in 2018 GDP growth in 2018 / 2017, % India Mexico Rest of Latin America China Middle East and Africa Averagegrowth: +2,8 % Rest of Eastern Europe Rest of Asia Brazil Western Europe North America Japan Russia The width of thebarindicatestheexportshare of technologyindustryfrom Finland in 2016, % Technology Industries of Finland

  49. Finland’s Economic Growth Relies on Exports and Investments Technology Industries of Finland

  50. Source: Macrobond, Eurostat Finland's Exports Are still at Low Level Technology Industries of Finland

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