Economic Growth in the Euro Area Has Slowed …...Economic Growth in the Euro Area Has Slowed Down...

1Latest information April 2019. Source: Markit

Economic Growth in the Euro Area Has Slowed Down Markedly Manufacturing industry and Services Purchasing Manager Index, 50 = no change from previous month

Technology Industries of Finland

4/25/2019

GDP Growth Forecasts for 2019 Have Been

Weakened in Recent Months

2Source: Consensus Economics

0

0,2

0,4

0,6

0,8

1

1,2

1,4

1,6

1,8

2

2,2

2,4

2,6

2,8

3

3,2GDP consensus forecasts for 2019, %

Eastern Europe

Sweden

Russia

France

Germany

Italy

Forecast period


4/25/2019

Finnish Exports Have Lagged Behind the

Competitor Countries

3Source: Macrobond, EurostatTechnology Industries of Finland

4/25/2019

Finland Needs an Active Economic Policy to Catch

Up with the GDP Growth of Other Euro Countries

4*) IMF forecasts for euro area in April 2019: 1,3 % in 2019, 1,5 % in 2020, 1,5 % in 2021, 1,5 % in 2022, 1,4 % in 2023Source: IMF, Macrobond, Technology Industries of Finland


4/25/2019

Turnover of Technology Industries in Finland Amounted to Approximately EUR 77 Billion in 2018 About half of the growth was due to higher producer prices, half to volume growth

5Seasonally adjusted turnover indexesSource: Macrobond, Statistics Finland


4/25/2019

Value of New Orders in the Technology Industry*

in Finland

6Source: The Federation of Finnish Technology Industries’ order book survey’s respondentcompanies, latest observation January-March 2019

0

1 000

2 000

3 000

4 000

5 000

6 000

7 000

8 000

9 000

10 000

11 000

12 000

13 000

Combined

Export

Domestic

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Million euros, at current prices

Change: I,2019 / I,2018 I,2019 / IV,2018

Export: +20 % -1 %

Domestic: -2 % +3 %

Combined: +14 % 0 %

*) Excl. metalsindustry, gameindustry and data center companies


4/25/2019

Value of Order Books in the Technology Industry*

in Finland

7Source: The Federation of Finnish Technology Industries’ order book survey’s respondentcompanies, latest observation 31th March 2019.

0

2 000

4 000

6 000

8 000

10 000

12 000

14 000

16 000

18 000

20 000

22 000

24 000

26 000

28 000

Export

Domestic

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019


Change: 31.3.2019 / 31.3.2018 31.3.2019 / 31.12.2018

Export: +17 % +7 %

Domestic: +3 % +5 %

Combined: +14 % +6 %

*) Excl. metalsindustry, gameindustry and data center companies

Combined


4/25/2019

Tender Requests* Received by the Technology Industry Companies in Finland

8Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies, the last questionnaire in April 2019.

-60

-50

-40

-30

-20

-10

0

10

20

30

40

Balance figure

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

*) ”Have you experienced a notable increase or decrease in the number of requests for tenders in recent weeks in comparison to the situation threemonths ago?”. Balance figure = the number of companies receiving more requests - the number of companies receiving less requests.”


4/25/2019

Value of New Orders in the Electronics and Electrotechnical Industry in Finland

9

0

500

1 000

1 500

2 000

2 500

3 000

3 500

4 000

4 500

5 000

5 500

6 000

6 500

7 000

7 500

Combined

Export

Domestic

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019


Change: I,2019 / I,2018 I,2019 / IV,2018

Export: +18 % +4 %

Domestic: +3 % -8 %


Source: The Federation of Finnish Technology Industries’ order book survey’s respondentcompanies, latest observation January-March 2019


4/25/2019

Value of Order Books in the Electronics and

Electrotechnical Industry in Finland

10

0500

1 0001 5002 0002 5003 0003 5004 0004 5005 0005 5006 0006 5007 0007 5008 0008 500

Export

Domestic


Change: 31.3.2019 / 31.3.2018 31.3.2019 / 31.12.2018

Export: +12 % +3 %

Domestic: +8 % -4 %


Combined

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Source: The Federation of Finnish Technology Industries’ order book survey’s respondentcompanies, latest observation 31th March 2019.


4/25/2019

Value of New Orders in the MechanicalEngineering in Finland

11

0

500

1 000

1 500

2 000

2 500

3 000

3 500

4 000

4 500

5 000

5 500

6 000

6 500

7 000

7 500

Combined

Export

Domestic

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019


Change: I,2019 / I,2018 I,2019 / IV,2018

Export: +23 % -4 %

Domestic: +1 % +6 %

Combined: +18 % -3 %

Source: The Federation of Finnish Technology Industries’ order book survey’s respondentcompanies, latest observation January-March 2019


4/25/2019

Value of Order Books in the Mechanical

Engineering in Finland

12

0

2 000

4 000

6 000

8 000

10 000

12 000

14 000

16 000

18 000

20 000

Export

Domestic


Change: 31.3.2019 / 31.3.2018 31.3.2019 / 31.12.2018

Export: +18 % +8 %

Domestic: +3 % +9 %


Combined

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019



4/25/2019

Turnover of the Metals Industry in Finland

13Seasonal adjusted turnover indexSource: Statistics Finland

4/25/2019 Technology Industries of Finland

Production Volume of the Metals Industry in

Finland

14Seasonal adjusted volume indexSource: Statistics Finland


Value of New Orders in the Consulting Engineering

in Finland

15

0

50

100

150

200

250

300

Combined

Export

Domestic

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019


Change: I,2019 / I,2018 I,2019 / IV,2018

Export: -1 % -4 %

Domestic: +4 % +7 %

Combined: +3 % +6 %



4/25/2019

Value of Order Books in the Consulting

Engineering in Finland

16

0

100

200

300

400

500

600

700

800

Export

Domestic

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019


Change: 31.3.2019 / 31.3.2018 31.3.2019 / 31.12.2018

Export: -17 % -4 %

Domestic: +14 % +6 %

Combined: +9 % +5 %

Combined



4/25/2019

Value of New Orders in the Information

Technology* in Finland

17

0

100

200

300

400

500

600

700

800

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019


Change: I,2019 / I,2018 I,2019 / IV,2018

Combined: -11 % +15 %

*) Excl. game industry and data center companies



4/25/2019

Value of Order Books in the Information

Technology* in Finland

18

0

200

400

600

800

1 000

1 200

1 400

1 600

1 800

2 000

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019


Change: 31.3.2019 / 31.3.2018 31.3.2019 / 31.12.2018

Combined: -1 % +6 %

*) Excl. game industry and data center companies



4/25/2019

Technology Industry Personnel in Finland and

Abroad


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

March 31

Technology Industry Personnel Recruitment in

Finland by Quarters

20Source: The Federation of Finnish Technology Industries’ labour force survey

-4 000

-2 000

0

2 000

4 000

6 000

8 000

10 000

12 000

14 000

16 000

2014Q3 2015Q1 2015Q3 2016Q1 2016Q3 2017Q1 2017Q3 2018Q1 2018Q3 2019Q1

Change in the number of personnel compared to the previous quarter Number of people recruited during the quarter

Technology Industriesof Finland

4/25/2019

Technology Industry Personnel in Subsidiaries

Abroad by Branch


Source: The Federation of Finnish Technology Industries’ labour force survey, Macrobond

Technology Industry Personnel in Subsidiaries

Abroad by Country


Source: The Federation of Finnish Technology Industries’ labour force survey

Information from year 2018

China, 49 386, 17 %

India, 35 658, 13 %

USA, 28 939, 10 %

Germany, 20 676, 7 %Sweden, 15 124, 5 %

Poland, 14 906, 5 %

France, 11 525, 4 %

UK, 7 565, 3 %

Brazil, 6 750, 2 %

Russia, 6 425, 2 %

Italy, 5 956, 2 %

Canada, 4 676, 2 %

Spain, 4 372, 2 %

Other countries, 75 513, 26 %

Economic Growth in the Euro Area Has Slowed …...Economic Growth in the Euro Area Has Slowed Down...

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