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Economic Growth to Remain Uneven Around the World in 2017

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Presentation on theme: "Economic Growth to Remain Uneven Around the World in 2017"— Presentation transcript:

1 Economic Growth to Remain Uneven Around the World in 2017
GDP development 2017/2016, % Central and Eastern Europe: +2.3% Russia % Turkey +3.0% Poland % Czech Rep % Romania % Ukraine +2.5% Hungary % Slovakia +3.1% Slovenia +2.3% Lithuania +2.8% Latvia +3.1% Estonia +2.5% Western Europe: +1.3% Germany +1.3% UK +0.9% France +1.2% Italy +0.7% Spain +2.1% Netherlands +1.5% Switzerland +1.4% Sweden +2.3% Belgium +1.3% Norway +1.7% Austria +1.2% Denmark +1.6% Greece +1.1% Finland +1.1% Portugal +1.2% Ireland +3.0% Asia: +4.6% China +6.3% Japan +0.9% India +7.7% Australia +2.8% South Korea +2.6% Indonesia +5.3% Taiwan +1.7% Thailand +3.3% Malesia +4.3% Singapore +1.8% New Zealand +3.0% Philippines +6.1% Vietnam +6.5% North America: +2.2% USA +2.2% Canada +2.0% Middle East Saudi Arabia +1.0% Israel +3.1% South and Central America: +2.1% Brazil +1.2% Mexico +2.2% Argentina +3.2% Venezuela -3.5% Columbia +2.8% Chile +2.1% Peru +4.2% Africa South Africa +1.3% Nigeria +3.0% Egypt +3.6% 9/20/2018 Technology Industries of Finland Source: Consensus Forecasts, October 2016 GDP forecast average growth rates compiled in October 2016.

2 Companies’ Real Investments Have Dropped by EUR 7 billion from Productive and R&D Investments in Finland Billion euros, at 2015 prices 9/20/2018 Technology Industries of Finland Source: Statistics Finland, National Accounts

3 Technology Industry Companies Would Like to See a Fundamental Corporation Tax Reform – Business Tax Model the Most Popular Choice Respondents = 331 9/20/2018 Allowance for corporate equity (ACE) Limited deduction for interest, lower corporate tax (CBIT) Corporate tax at distribution of dividends Estonia’s business tax model Reserve for investments Unlimited capital allowances Lower rate of corporate tax Current model Other Do not know Respondents = 331 Technology Industries of Finland Source: Taloustutkimus / Corporate taxation, investments and growth 2016 Teknologiateollisuus

4 SMEs Account for More Than 50% of Company Investments, Large Enterprises for Some One Third Percentage of companies’ tangible and intangible net investments in Finland in 2014 9/20/2018 Technology Industries of Finland Source: Statistics Finland (financial statements statistics) Teknologiateollisuus

5 Turnover of the Technology Industry in Finland
9/20/2018 Technology Industries of Finland Source: Macrobond, Statistics Finland

6 Technology Industry Personnel in Finland and Abroad
Some 12,000 of personnel affected by temporary or part-time lay-offs 9/20/2018 Technology Industries of Finland Source: Statistics Finland, The Federation of Finnish Technology Industries’ labour force survey

7 Value of New Orders in the Technology Industry* in Finland
Million euros, at current prices 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Change: III,2016 / III,2015 III,2016 / II,2016 Export: -11 % +3 % Domestic: +11 % -1 % Combined: -6 % +1 % *) Excluding metals industry and game industry companies 9/20/2018 Technology Industries of Finland Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies, latest information July-September 2016

8 Value of Order Books in the Technology Industry* in Finland
Million euros, at current prices Combined 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Change: / / Export: 0 % +1 % Domestic: -2 % -4 % Combined: -1 % *) Excluding metals industry and game industry companies 9/20/2018 Technology Industries of Finland Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies, latest information

9 Value of New Orders in the Electronics and Electrotechnical Industry in Finland
Million euros, at current prices 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Change: III,2016 / III,2015 III,2016 / II,2016 Export: +15 % +2 % Domestic: +45 % +17 % Combined: +20 % +5 % 9/20/2018 Technology Industries of Finland Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies, latest information July-September 2016

10 Value of Order Books in the Electronics and Electrotechnical Industry in Finland
Million euros, at current prices Combined 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Change: / / Export: +14 % +1 % Domestic: +48 % +16 % Combined: +20 % +4 % 9/20/2018 Technology Industries of Finland Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies, latest information

11 Value of New Orders in the Mechanical Engineering in Finland
Million euros, at current prices 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Change: III,2016 / III,2015 III,2016 / II,2016 Export: -30 % +2 % Domestic: +16 % -13 % Combined: -23 % -2 % 9/20/2018 Technology Industries of Finland Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies, latest information

12 Value of Order Books in the Mechanical Engineering in Finland
Million euros, at current prices Combined 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Change: / / Export: -5 % +1 % Domestic: -11 % Combined: -6 % -2 % 9/20/2018 Technology Industries of Finland Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies, latest information

13 Turnover of the Metals Industry in Finland
9/20/2018 Technology Industries of Finland Seasonally adjusted turnover index Shares of turnover 2014: iron and steel products and non-ferrous metals 90 %, mining of metal ores 7 %, castings 3 % Source: Macrobond, Statistics Finland

14 Production Volume of the Metals Industry in Finland
9/20/2018 Technology Industries of Finland Seasonally adjusted volume index Shares of turnover 2014: iron and steel products and non-ferrous metals 90 %, mining of metal ores 7 %, castings 3 % Source: Macrobond, Statistics Finland

15 Value of New Orders in the Consulting Engineering in Finland
Million euros, at current prices 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Change: III,2016 / III,2015 III,2016 / II,2016 Export: +341 % +221 % Domestic +13 % -15 % Combined: +41 % +6 % 9/20/2018 Technology Industries of Finland Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies, latest information July-September

16 Value of Order Books in the Consulting Engineering in Finland
Million euros, at current prices Combined 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Change: / / Export: +54 % +59 % Domestic: +8 % -1 % Combined: +15 % 9/20/2018 Technology Industries of Finland Source: The Federation of Finnish Technology Industries’ order book survey’s respondent comnpanies, latest information

17 Value of New Orders in the Information Technology in Finland
Million euros, at current prices 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Change: III,2016 / III,2015 III,2016 / II,2016 Combined: -22 % -5 % 9/20/2018 Technology Industries of Finland Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies, latest information July-September 2016

18 Value of Order Books in the Information Technology* in Finland
Million euros, at current prices 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Change: / / Combined: -6 % -1 % *) Excluding game industry companies 9/20/2018 Technology Industries of Finland Source: The Federation of Finnish Technology Industries’ order book survey’s respondent companies, latest information


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