Production and Employment on the Increase in the Helsinki Region

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Helsinki, 9 March, 2006 — Production and Employment on the Increase in the Helsinki Region

The economic growth in the Helsinki Region continued reasonably strong during the latter part of the year. Production increased clearly faster in the region than in the country as a whole, some 3.5 percent year on year. The growth in the whole country was almost two percentage points lower.

The economic growth in the Helsinki Region continued reasonably strong during the latter part of the year. Production increased clearly faster in the region than in the country as a whole, some 3.5 percent year on year. The growth in the whole country was almost two percentage points lower.

- The Helsinki Region is doing well in all areas of business. Better still, no overheating can be seen in any area, says Mr. Heikki J. Perälä, the Managing Director of the Helsinki Region Chamber of Commerce in an interview for the Kauppalehti newspaper.

Business services and commerce were the fastest growing areas of business year during the latter part of 2005. All other service businesses as well as construction and manufacturing industry were also growing. The growth of employment was restored to the track of just under 1.5 percent after the temporary lapse in the previous quarter.

- The short-term outlook for employment, production and population growth in the Helsinki Region is good. However, there are also problems in the horizon, because securing the continued growth of production requires investing efforts in ensuring the availability of workforce. It is estimated that by 2015, the shortfall of workforce in Uusimaa will be over 130,000 persons, says Deputy Managing Director Jorma Nyrhilä.

The population growth in the Helsinki Region took a clear turn in 2005. Last year, the population grew by approximately 11,000. The growth in the previous year was 8.000 persons.

- The growth of population is a positive signal. It is particularly gratifying to see the figures of Kirkkonummi, Nurmijärvi and Espoo, ranging from 1.8 to 2.4 per cent. Instead, the one percent result by Vantaa and the 0.3 per cent by Helsinki leave scope for improvement, Nyrhilä says.

More information
http://www.helsinki.chamber.fi/