HELSINKI REGION TRENDS 2006 Current Review of Development in the Region 4.5.2006
Total Page：16
File Type：pdf, Size：1020Kb
HELSINKI REGION TRENDS 2006 Current review of development in the region 4.5.2006 QUALITY OF LIFE - SECURITY 2005 REGIONAL ECONOMY Index , New York = 100 Helsinki Stockholm Oslo St.Petersburg AND BUSINESS LIFE Tallinn Glasgow Moscow 120 - Good economic outlooks Riga 110 -119,5 Dublin Copenhagen 100 -109,5 Vilnius Birmingham 80 - 99,5 Hamburg Minsk Relatively strong - 79,5 London Amsterdam Dusseldorf Berlin Warsaw production growth Brussels Leipzig Luxembourg Kiev Prague Paris Frankfurt LABOUR MARKET Nurnberg Munich Vienna Bratislava Bern Zurich Budapest Less jobless Lyon Geneva Ljubljana Milan Zagreb Bucharest Sarajevo Barcelona Belgrad Declining youth and Lisbon Madrid Sofia long-term unemployment Skopje Rome Istanbul Athens POPULATION Source: Mercer Human Resource Consulting Moderate population Helsinki ranks among the top safe growth cities in the world HOUSING MARKET Current demand still Helsinki ranks very high internationally in terms of security – second only to Luxembourg in raises housing prices the whole world. Geneva, Zurich and Bern rank in the same category. Whereas New York has an index rating of 100, Luxemburg has 122,5, Helsinki and the three Swiss cities have 120. Stock- Housing construction holm, Oslo and Copenhagen have ratings that come very close. The other cities scoring over declined 110 are Vienna, Düsseldorf, Frankfurt am Main, Munich, Nuremberg, Amsterdam and Brussels. The least safe cities, all rating below 66, are Belgrade, Kiev, Sarajevo, Istanbul, St. Petersburg and Moscow. Athens, Rome and London rank among the rather unsafe cities, with indexes just ARTICLES below 100. Madrid and London are equally unsafe. Martti Tuominen The safety of Helsinki The ranking of cities by degree of safety is based on a global survey on the quality of life con- residents ducted in 2004 by an international consultancy firm. Part of the survey, which included 215 cit- ies, concerned safety. The assessment was made using six main criteria, namely relationships Leila Lankinen with other countries, law enforcement, internal stability, media & censorship, crime and limita- URBAN AUDIT – tions on personal freedom. Each criterion has a coefficient of its own. Relationships with other www.urbanaudit.org countries, internal stability and crime have the highest coefficients. Output Change (%) since previous year REGIONAL ECONOMY AND BUSINESS LIFE % 6 Relatively strong production growth Helsinki Region Finland 4 As a whole, production in the Helsinki Region is calculated to have grown by 3.5 per cent in 2005, which is a high figure in a European context. Production grew clearly more in the Helsinki Region 2 than the country as a whole: the estimated difference was almost two percentage points. Part of this gap is explained by the large paper mill strike, which did not influence economy in the Helsinki Re- 0 gion very much but the more stronger so in many other parts of the country. IV/04 I/05 II/05 III/05 IV/05* *forecast Source: Statistics Finland and Seppo Laakso Production grew relatively fast during the last quarter of 2005 in the Helsinki Region, i.e. by an esti- mated 3.5 per cent over last year’s figures. Growth during the third quarter was 4 per cent higher than the same period last year, and higher than expected. All other service sectors, too, as indeed construction and manufacturing, grew clearly, so economic growth was broad. Business services Business outlook of manufacturing and and trade were among the fastest growing sectors in late 2005. construction Good economic outlooks Manufacturing and construction According to the Business Tendency Survey of the Confederation of Finnish Industries EK, the out- looks of manufacturing and construction in the Uusimaa province are bright. In January, the rating was +10, and the situation is expected to improve even further within just months. 12 per cent of companies expected improvement. Production grew as foreseen in late 2005 and is expected to grow slightly in the next few months too. Annual production has grown clearly. Source: Confederation of Finnish Industries, EK, Sales prices are rising and profitability has improved. Competitiveness on the domestic market has Business Tendency Survey improved in recent months, but on the export market, competitiveness has fallen. Weak demand and a lack of skilled labour are the most common problems for production. Investments, on the other hand, have increased somewhat since last year. Business outlook of service sector Balance In the country as a whole, too, economic outlooks are described as brighter than average, and the 15 first months of 2006 confirmed this trend. The industrial confidence indicator is now clearly above its Finland Uusimaa long-term average. The construction confidence indicator reached its highest level in the last 10 10 years in March. 5 0 Service sector companies In January 2006, the economic outlooks of companies in the service sector were better than usual in -5 the Uusimaa province, and better than in the country as a whole. With a rating of +12 in January – -10 prospects are expected to brighten up even further. The sales of service companies in Uusimaa in- 1/05 4/05 7/05 10/05 1/06 creased clearly in late 2005, being also higher than a year earlier. Sales prospects are good, and Source: Confederation of Finnish Industries, EK, Business Tendency Survey sales are expected to grow by an annual rate of almost 5 per cent in the next few months. In 2 Helsinki Trends 2006 Consumer confidence indicator Uusimaa, profitability has improved in recent months and it is also expected to be slightly better than during the same period last year. Balance 30 Metropolitan Area In the country as a whole overall business situation of the service sector is nowadays considered to 20 be somewhat better than average. 10 Finland Consumer confidence indicator 0 Euro zone In March 2005, the consumer confidence indicator read 15.7 in the Helsinki Metropolitan Area and -10 12.6 in Finland as a whole. In January and February, too, consumers in the Metropolitan Area had -20 higher expectations than Finnish consumers at large. The reading in the Metropolitan Area was 17.2 3/05 6/05 9/05 12/05 3/06 in January and 20.2 in February. In Finland as a whole it was 13.7 in January and 17 in February. Source: Statistics Finland, Consumer Survey Consumers in the Metropolitan Area have more confidence than Finns at large in brighter economic outlooks for Finland during the 12 months to come. The rating in March was 0.95 (in December 2.9) in the Metropolitan Area and –0.1 (in December 1.5) in the whole country. Consumers’ expectations concerning Finland’s economy for the next 12 months Consumers’ confidence in their own economy was strong throughout 2005 both in the Helsinki Met- ropolitan Area and Finland as a whole. Here, too, consumers in the Metropolitan Area were more op- timistic than Finns at large. The rating in March was 11.3 in the whole country and 12.5 in the Metro- politan Area. In the latter, one in three respondents expected their own economic situation to im- prove within the next 12 months. People in the Metropolitan Area and elsewhere believed strongly in their own chances of saving money. The rating in March was 54.8 in the Metropolitan Area and 51.0 in the country as a whole. Source: Statistics Finland, Consumer Survey POPULATION The population grew by 11,300 people Relative population change (net change per 1 000 inhabitants) during previous 12 At the beginning of 2005, the population figure of the Helsinki Region was 1,240,500. It grew by months in the Helsinki Region 11,300 people in 2005 – 15,320 children were born and 8,680 people died in the region in 2005 and a net migration rate of 4,650 people. In early 2005, Helsinki had 559,000 inhabitants. Preliminary findings from Statistics Finland show that in 2005, Helsinki had 6,090 births and 4,700 deaths, amounting to a natural population growth of 1,390 people. Added with a net migration rate of 590 people, this amounted to a population growth of 1,980 in Helsinki. In Espoo the population figure on 1 January 2005 was 227,500. The population growth of Espoo was 4,150, breaking down into 3,360 births, 1,180 deaths and a net migration of 1,970 people. In Vantaa Source: Statistics Finland Helsinki Trends 2006 3 Net international migration in the the population figure on 1 January 2005 was 185,400. The population grew by 1,790 people, i.e. a Helsinki Region net birth rate of 1,500 and a net migration of 290. Persons 3500 Immigration Emigration 3000 8,400 people from other countries moved to the Helsinki Region in 2005. And since 4,940 people Net change 2500 moved abroad, the international net migration amounted to 3,460 people. The international migra- 2000 tion surplus was 1,950 for Helsinki, 650 for Espoo, and 450 for Vantaa. The rest of the region re- 1500 ceived an international net of 370 people. 1000 500 0 IV/04 I/05 II/05 III/05 IV/05 Source: Statistics Finland, Population statistics LABOUR MARKET Less jobless Working age population (15–74 years) and their main economic activity in the During the last quarter of 2005, the Helsinki Region had a working age population of 959,400 on av- Helsinki Region erage, among whom 654,200 were employed and 38,600 unemployed. 266,600 people did not be- Change (%) since previous year long to the labour force. The number of people having a job rose by 8,600, i.e. 1.3 per cent over the Working-age population figures of October–December 2004, and the number of unemployed fell by 4.9 per cent.