Technology Industries of Finland Economic Outlook 2025

The economic outlook for Technology Industries of Finland in 2025 reveals insights from the report. Graphs and statistics on GDP forecasts, the Eurozone economy, manufacturing sector difficulties, PMI, inflation rates, and more are presented. The report also highlights technology industry goods exports and industrial production in Europe.

• Finland
• Technology Industries
• Economic Outlook
• 2025
• Manufacturing

ala_cea Follow

Uploaded on Mar 20, 2025 | 0 Views

Download Presentation

Please find below an Image/Link to download the presentation.

The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author.If you encounter any issues during the download, it is possible that the publisher has removed the file from their server.

You are allowed to download the files provided on this website for personal or commercial use, subject to the condition that they are used lawfully. All files are the property of their respective owners.

The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author.

Presentation Transcript

1. Economic Outlook 1/2025 Technology Industries of Finland Graphs from the report 20.3.2025 Teknologiateollisuus 1

2. Economic Outlook 1/2025 Technology Industries of Finland The whole report: https://teknologiateollisuus.fi/en/economic-outlook-1-2025/ Information based on the situation on 12 February 2025 20.3.2025 Teknologiateollisuus 2

3. The euro area economy remains in poor shape Nervous atmosphere in the United States GDP Forecasts 2024 2025 2026 USA 2,8 2,7 2,1 Eurozone 0,8 1,0 1,4 Source: S&P Global, IMF, Macrobond 3/20/2025 Technology Industries of Finland 3

4. The difficulties in the euro area's manufacturing sector continue Source: S&P Global, Macrobond 20.3.2025 Teknologiateollisuus 4

5. Purchasing Managers' Index (PMI) for the manufacturing sector Source: S&P Global, Macrobond 3/20/2025 Technology Industries of Finland 5

6. Inflation and key central bank interest rates in the USA, eurozone and Finland Source: Macrobond, FED, EKP 3/20/2025 Technology Industries of Finland 6

7. Technology industry goods exports to the United States and EU countries in 2024 Share of different market areas in technology industry exports Sector's share of total technology industry goods exports Technology industry average 9% 55% 36% Metals industry 29% Electronics and electrotechnical industry 28% Metals industry 3% 68% 29% Mechanical engineering 9% 53% 38% Mechanical engineering 43% Electronics and electrotechnical industry 16% 46% 38% USA EU Other Source: Customs Finland. Shares calculated from the export statistics for January-November 2024. 20.3.2025 Teknologiateollisuus 7

8. In Europe, industrial production continues to be sluggish Volume of industrial production Source: Eurostat, Macrobond 3/20/2025 Technology Industries of Finland 8

9. Industrial sentiment expectations remained at a modest level Assessment of the current situation still weak 60 Manufacturing business situation and outlook, seasonally adjusted balance figure 40 20 0 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 -20 -40 -60 -80 Business situation Business outlook Source: EK Business Tendency Survey 3/20/2025 Technology Industries of Finland 9

10. Turnover of the Technology Industry in Finland Seasonally adjusted turnover index Shares of turnover in 2023: mechanical engineering 39 %, electronics and electrotechnical industry 20 %, information technology 19 %, metals industry 14 %, consulting engineering 7 %. Source: Macrobond, Statistics Finland 3/20/2025 Technology Industries of Finland 10

11. Tender requests* received by the technology industry companies in Finland 40 Balance figure 30 20 10 0 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 -10 -20 -30 -40 -50 -60 *) 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 share of companies receiving more requests - the share of companies receiving less requests. Negative balance figure indicates that demand has weakened when compared to a situation three months ago. Source: The Federation of Finnish Technology Industries order book survey s respondent companies The latest questionnaire in January 2025. 3/20/2025 Technology Industries of Finland 11

12. Value of new orders in the technology industry* in Finland Change: IV,2024 / IV,2023 IV,2024 / III,2024 *) Excl. metals industry, game industry and data center companies Export: 34 % 55 % Domestic: -12 % 24 % Combined: 22 % 48 % Source: The Federation of Finnish Technology Industries order book survey s respondent companies, latest observation October December 2024. 3/20/2025 Technology Industries of Finland 12

13. Value of order books in the technology industry* in Finland Change: 31.12.2024 / 31.12.2023 31.12.2024 / 30.9.2024 *) Excl. metals industry, game industry and data center companies Export: 9 % 16 % Domestic: -3 % -2 % Combined: 5 % 11 % Source: The Federation of Finnish Technology Industries order book survey s respondent companies, latest observation 31st December 2024. 3/20/2025 Technology Industries of Finland 13

14. Development of personnel numbers and recruitments in the technology industry in Finland 22 900 employees affected by temporary lay-offs 31st December 2024 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 0 -2,000 -4,000 2017Q1 2018Q4 2024Q4 2015Q1 2015Q2 2015Q3 2015Q4 2016Q1 2016Q2 2016Q3 2016Q4 2017Q2 2017Q3 2017Q4 2018Q1 2018Q2 2018Q3 2019Q1 2019Q2 2019Q3 2019Q4 2020Q1 2020Q2 2020Q3 2020Q4 2021Q1 2021Q2 2021Q3 2021Q4 2022Q1 2022Q2 2022Q3 2022Q4 2023Q1 2023Q2 2023Q3 2023Q4 2024Q1 2024Q2 2024Q3 Change in number of personnel comparede to previous quarter Number of recruitments during the quarter Source: The Federation of Finnish Technology Industries labour force survey. 3/20/2025 Technology Industries of Finland 14

15. Value of new orders in the electronics and electrotechnical industry in Finland Change: IV,2024 / IV,2023 IV,2024 / III,2024 Export: 13 % 25 % Domestic: 23 % 22 % Combined: 14 % 24 % Source: The Federation of Finnish Technology Industries order book survey s respondent companies, latest observation October December 2024. 3/20/2025 Technology Industries of Finland 15

16. Value of order books in the electronics and electrotechnical industry in Finland Change: 31.12.2024 / 31.12.2023 31.12.2024 / 30.9.2024 Export: 13 % 16 % Domestic: 33 % 6 % Combined: 16 % 14 % Source: The Federation of Finnish Technology Industries order book survey s respondent companies, latest observation 31st December 2024. 3/20/2025 Technology Industries of Finland 16

17. Value of new orders in the mechanical engineering in Finland Change: IV,2024 / IV,2023 IV,2024 / III,2024 Export: 64 % 96 % Domestic: -34 % 2 % Combined: 40 % 78 % Source: The Federation of Finnish Technology Industries order book survey s respondent companies, latest observation October December 2024. 3/20/2025 Technology Industries of Finland 17

18. Value of order books in the mechanical engineering in Finland Change: 31.12.2024 / 31.12.2023 31.12.2024 / 30.9.2024 Export: 7 % 16 % Domestic: -12 % -7 % Combined: 3 % 11 % Source: The Federation of Finnish Technology Industries order book survey s respondent companies, latest observation 31st December 2024. 3/20/2025 Technology Industries of Finland 18

19. Turnover of the metals industry in Finland Seasonal adjusted turnover index Shares of turnover 2023: iron and steel products, non-ferrous metals and castings 91 %, mining of metal ores 9 % Source: Statistics Finland 19 3/20/2025 Technology Industries of Finland

20. Production volume of the metals industry in Finland Seasonal adjusted volume index Shares of turnover 2023: iron and steel products, non-ferrous metals and castings 91 %, mining of metal ores 9 % Source: Statistics Finland 20 3/20/2025 Technology Industries of Finland

21. Value of new orders in the consulting engineering in Finland Change: IV,2024 / IV,2023 IV,2024 / III,2024 Export: -51 % -1 % Domestic: -1 % 29 % Combined: -4 % 28 % Source: The Federation of Finnish Technology Industries order book survey s respondent companies, latest observation October December 2024. 3/20/2025 Technology Industries of Finland 21

22. Value of order books in the consulting engineering in Finland Change: 31.12.2024 / 31.12.2023 31.12.2024 / 30.9.2024 Export: -26 % -8 % Domestic: -7 % -1 % Combined: -9 % -2 % Source: The Federation of Finnish Technology Industries order book survey s respondent companies, latest observation 31st December 2024. 3/20/2025 Technology Industries of Finland 22

23. Value of new orders in the information technology* in Finland Change: IV,2024 / IV,2023 IV,2024 / III,2024 *) Excl. game industry and data center companies Combined: -20 % 77 % Source: The Federation of Finnish Technology Industries order book survey s respondent companies, latest observation October December 2024. 3/20/2025 Technology Industries of Finland 23

24. Value of Order Books in the Information Technology* in Finland Change: 31.12.2024 / 31.12.2023 31.12.2024 / 30.9.2024 *) Excl. game industry and data center companies Combined: -2 % 2 % Source: The Federation of Finnish Technology Industries order book survey s respondent companies, latest observation 31st December 2024. 3/20/2025 Technology Industries of Finland 24

25. Questions? Director, Chief Economist Petteri Rautaporras +358 50 304 2220 petteri.rautaporras@teknologiateollisuus.fi Economist Hanne Mikkonen +358 44 0296 152 hanne.mikkonen@teknologiateollisuus.fi 20.3.2025 Teknologiateollisuus 25