Finnish tech industry: Darker days ahead
The Federation of Finnish Technology Industries is forecasting difficult times this autumn for tech companies.
Orders have dropped over the past few months, says the federation, particularly from other eurozone countries. The turnover of technology industry companies is expected to be lower this coming autumn than in the fall of 2011.
"The slow growth has stalled, and the outlook for the remainder of the year seems weaker," said CEO Jorma Turunen of the Federation of Finnish Technology Industries in a statement.
The companies that took part in the Federation of Finnish Technology Industries’ latest survey reported that the value of new orders in the industry between April and June was 16 percent lower than in the corresponding period of 2011, and five per cent lower than in the preceding quarter. Compared to the pre-crisis level of autumn 2008, the volume of new orders was down almost 40 percent between April–June 2012.
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