Barometer: Companies Expect Economic Growth To Continue

Continued positive signs for Finland's economy, although recruitment issues are becoming more of a problem.

File picture of small business and economy / Credit: iStock

Finnish companies are looking forward to continued economic growth, but there are concerns ahead about recruitment, according to the latest ‘barometer’ from the Confederation of Finnish Industries EK.

The new economic ‘barometer’ canvased information from more than 12 hundred Finnish companies which employ nearly 260,000 people, during April.

In general the economic outlook for Finnish businesses over the next six months is still positive, as output and sales have continued to grow. The number of new orders received by the manufacturing sector also continue to increase, with expectations for the third quarter also high.

Manufacturing sector order books are now substantially above average says EK, with order intake exceeding normal levels also in the construction industry. Some 88% of companies that responded to the EK questionnaire said they were working at full capacity – that’s up from 80% in January.

One sign of trouble on the horizon however comes in recruitment. Out of all the businesses that responded, 28% felt that recruitment difficulties had become an obstacle to growth, up from 22% in January.

The business ‘barometer’ has been carried out by EK since 1966, and is published four times per year.