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Technology Industry / Finnish Economic Outlook March 2017

Explore Finland's technology industry with detailed insights on mechanical engineering, metals, electronics, IT, and consulting. Discover turnover, personnel figures, and export statistics.

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Technology Industry / Finnish Economic Outlook March 2017

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  1. Technology Industry /Finnish Economic OutlookMarch 2017 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 (2016): 28.3 billioneuros • Personnel (2016): 122,400 • METALS INDUSTRY • Steel products, non-ferrousmetals, castings, metallicminerals • Turnover (2016): 8.7 billioneuros • Personnel (2016): 15,400 • ELEKTRONICS AND ELECTROTECHNICAL • INDUSTRY • Data communicationsequipment, electricalmachinery, medicaltechnology • Turnover (2016): 14.3 billioneuros • Personnel (2016): 38,000 • INFORMATION TECHNOLOGY • IT services, applications and programming • Turnover (2016): 11.3 billioneuros • Personnel (2016): 60,400 • CONSULTING ENGINEERING • Expertise for constructionindustry and infrastructure • Turnover (2016): 6.0 billioneuros • Personnel (2016): 49,800 Technology Industries of Finland

  4. The Technology Industry – the Largest Export Sector in Finland 51 % of totalFinnishexports. CompaniesinvestaboutEUR 5.5 billionannually in Finland. 70 % of private-sector R&D investment. Almost290,000employeddirectly in the sector, 700,000employed in total, equallingabout30% of the entireFinnish 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 goodsexports the sectorexportedservicesworthsome 12.3 billioneuros (2015). Source: National Board of Customs, Statistics Finland Export of Technology Industry Goodsfrom Finland by Area in 2016 Total goodsexports 25.2 billioneuros* Central and Eastern Europe 3.8 billion € 15.0 % Western Europe 13.7 billion € 53.9 % North America 2.5 billion € 9.8 % Asia 3.7 billion € 14.6 % Middle and Central East 0.5 billion € 1.8 % South and Middle America 0.8 billion € 3.2 % Africa 0.4 billion € 1.7 % 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 Finnishexports in 2015 Source: Board of Customs, Statistics Finland (National Accounts, Foreigntrade in services) 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, lastobservation October-December 2016 Millioneuros, at currentprices *) Excludingmetalsindustry and gameindustrycompanies Technology Industries of Finland

  11. Value of Order Books in the Technology Industry* in Finland Source: The Federation of Finnish Technology Industries’ orderbooksurvey’srespondentcompanies, lastobservation 31.12.2016 Millioneuros, at currentprices Combined *) Excludingmetalsindustry and gameindustrycompanies Technology Industries of Finland

  12. Tender Requests* Received by Technology Industry Companies in Finland *) Have youexperienced a notableincreaseordecrease in the number of requests for tenders in recentweeks in comparison to the situationthreemonthsago?”. Balancefigure = the number of companiesreceivingmorerequests - the number of companiesreceivinglessrequests. Source: The Federation of Finnish Technology Industries’ orderbooksurvey’srespondentcompanies, lastobservationJanuary 2017 Technology Industries of Finland

  13. Value of New Orders in the Electronics and Electrotechnical Industry in Finland Source: The Federation of Finnish Technology Industries’ orderbooksurvey’srespondentcompanies, lastobservation October-December 2016 Millioneuros, at currentprices Technology Industries of Finland

  14. Value of Order Books in the Electronics and Electrotechnical Industry in Finland Source: The Federation of Finnish Technology Industries’ orderbooksurvey’srespondentcompanies, lastobservation 31.12.2016 Millioneuros, at currentprices Combined Technology Industries of Finland

  15. Value of New Orders in the Mechanical Engineering in Finland Source: The Federation of Finnish Technology Industries’ orderbooksurvey’srespondentcompanies, lastobservation 31.12.2016 Millioneuros, at currentprices Technology Industries of Finland

  16. Value of Order Books in the Mechanical Engineering in Finland Source: The Federation of Finnish Technology Industries’ orderbooksurvey’srespondentcompanies, lastobservation 31.12.2016 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, lastobservation October-December 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’srespondentcomnpanies, lastobservation 31.12.2016 Millioneuros, at currentprices Combined Technology Industries of Finland

  19. Value of New Orders in the Information Technology in Finland Source: The Federation of Finnish Technology Industries’ orderbooksurvey’srespondentcompanies, lastobservation October-December 2016 Millioneuros, at currentprices Technology Industries of Finland

  20. Value of Order Books in the Information Technology* in Finland Source: The Federation of Finnish Technology Industries’ orderbooksurvey’srespondentcompanies, lastobservation 31.12.2016 Millioneuros, at currentprices *) Excludinggameindustrycompanies Technology Industries of Finland

  21. Technology Industry Personnel in Finland and Abroad Source: Statistics Finland, The Federation of Finnish Technology Industries’ labour force survey Some 11,000 of personnelaffectedbytemporaryorpart-timelay-offs 31.12.2016 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 Technology Industries of Finland

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

  26. Overview of the Situation in the Technology Industry and Outlook for Early 2017 - Turnover in Finland totalledsome EUR 68.6 billion in 2016. This is almostone per centhigherthan in 2015. In 2008, prior to thefinancialcrises, thecorrespondingfigurewas EUR 86 billion. - The monetaryvalue of newordersreportedbetween October-December 2016 was 23 % higherthan in July-September, but slightlylowerthan in the correspondingperiod in 2015. - At the end of December, thevalue of orderbookswastwo per centhigherthan at theend of September, but four per centlowerthan in December 2015. - The turnover of technologyindustrycompanies in early 2017 is expected to behigherthan in the correspondingperiodlastyear. - The number of personnel in Finland continued to fall slightly in 2016. Personnel declined by some one per cent, or by 2,500 employees from the average number in 2015. On average, the industry employed 286,000 people in 2016. In 2008, the industry employed a total of 326,000 people in Finland. l Technology Industries of Finland

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

  28. GDP HasGrown in Europe and the USA, but onlySlightly in Finland Lähde: Macrobond Technology Industries of Finland

  29. Lähde: Macrobond Growth is Lowering in China, Remaining Fast in India, Recession Continues in Brazil Share of global GDP in China, Brazil and Russia is 23%, in China 16% (adjusted for PP) Technology Industries of Finland

  30. LatestinformationFebruary 2017 Source: Markit GDP Growthin the Euro Area Has Picked up During the last MonthsPurchaseManagers’ Index (PMI), 50 = no changefrompreviousmonth Technology Industries of Finland

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

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

  33. Industrial Production is Growing in Emerging Countries Source: Macrobond, The CPB Netherlands Bureau for Economic Policy Analysis Technology Industries of Finland

  34. LatestinformationFebruary 2017 Source: Markit Industrial Production in China is GrowingPurchaseManagers’ Index (PMI) in manufacturingindustry in China Technology Industries of Finland

  35. LatestinformationFebruary 2017 Source: Markit Industrial Production in Russia is GrowingPurchaseManagers’ Index (PMI) in manufacturingindustry in China Technology Industries of Finland

  36. LatestinformationFebruary 2017 Source: Markit Industrial Production in Brazil is DecreasingPurchaseManagers’ Index (PMI) in manufacturingindustry in China Technology Industries of Finland

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

  38. 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

  39. Souce: Macrobond Fixed investment in Brazil Continue to DecreaseShare 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

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

  41. Import to China Has Reduced from Several Countries Source: Macrobond Technology Industries of Finland

  42. Exportsfrom EU Countries to RussiaHaveFallen, but Stabilized Source: Macrobond Technology Industries of Finland

  43. Russia’sShare* of Technology Industry Exportsfrom Finland HasLowered to SomeFive Per Cent *) Soviet Union up to 1991 Source: FinnishCustoms Technology Industries of Finland

  44. Source: IMF (January 2017) Global Economy is Expected to Growby 3,4 % in 2017 GDP growth in 2017, % India China Rest of Eastern Europe Averagegrowth: +3,4 % Rest of LatinA,merica Rest of Asia Middle East and Africa Mexico North America Russia Japan Western Europe Brazil The width of the barindicates the share of global GDP in 2015 (adjusted for purchasingpowerparity), % Technology Industries of Finland

  45. Source: IMF (January 2017), Board of Customs Demand in the Finnish Technology Industry Export Market is Expected to Growby 2.2 % in 2017 GDP growth 2017 / 2016, % India Mexico Rest of Eastern Europe Rest of Latin America China Middle East and Africa Averagegrowth: +2.2 % Rest of Asia Brazil Japan North America Russia Western Europe The width of the barindicates the exportshare of technologyindustryfrom Finland in 2015, % Technology Industries of Finland

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

  47. Source: Macrobond, Eurostat FinnishExportsup to EUR 30 Billion Short of Annual Target Level Technology Industries of Finland

  48. FinnishExportsLaggingBehindCompetitors Source: Macrobond, Eurostat Technology Industries of Finland

  49. Export Growth is Limited Because Industrial Production Has Decreased by 20% Investments are vital for the production and export recovery -20 % Technology Industries of Finland Source: Statistics Finland / National Accounts, Industrial volumeindex

  50. Source: Macrobond, Eurostat Growth of Public Expenditures, Debt and TaxRatio in Finland Increasedcostburdenrequirescuts to publicsector Technology Industries of Finland

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