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Technology industry growth has stalled, but demand for skills remains strong
Technology industry demand weakened further, but orderbooks have remained strong. Recruitment activity remained strong, and skills shortage continues to hamper the operations of companies.
According to the recent order book and personnel survey by Technology Industries of Finland, judging from order trends in early 2023, the turnover of technology industry companies is expected to grow at a slower pace or stop growing altogether this year. Turnover in Finland in 2022 exceeded EUR 100 billion for the first time, totalling EUR 106 billion. Output growth has now stalled in the entire manufacturing sector in Finland, and production volumes are shrinking.
