Demand in Finland’s largest export industry has remained weak
Demand has remained weak in Finland’s largest export industry. The number of tender requests received by companies in the technology industry remained low, and no improvement has been seen in overall demand. Hopes for a turnaround in the economic cycle have been pushed back, according to the latest order book and personnel survey by Technology Industries of Finland.
Industrial companies in Europe and Finland have continued to face an extremely difficult situation. In the Finnish technology industry, turnover in January-April was down 8 per cent on the corresponding period of 2023.
New order intake in Europe and the latest data on the trend in demand and the order intakes of companies in the Finnish technology industry indicate that there are as yet no clear signs of the anticipated turn for the better.