The outlook for the technology industry has improved considerably during the spring and early summer. Turnover has increased, order books have improved and employee numbers have developed favourably. For growth to remain strong in the long term and for more jobs to be generated, new investment is urgently needed.
In circular economy, the materials circulate and the products and materials as well as their value remain or even grow. Efficient recycling reduces the need for primary raw materials.
Technology industry is bouncing back, but there is a lot of catching up to do. Finland’s GDP would be EUR 40 billion higher today had it grown at the same pace as Sweden’s. Health technology company Planmeca Group invests in its own R&D and manufacturing in Finland.
Europe still has competitive manufacturing industry and a leading position in most of the key enabling technologies needed for the factories of the future.