Indicator predicting total production

Production growth in the Helsinki Region continued strong in the second quarter of the year. Compared to the same period last year, production in the region was more than 3 per cent higher between April and June. Production in the entire country grew somewhat less. The economy in the Helsinki region has grown by more than 2.5 per cent in each quarter for almost three years. Business operations grew heavily in the second quarter of the year in almost all industries. Price increases shrunk  production’s real growth in the region somewhat.

In the limelight

Seppo Laakso, CEO, Dr.Soc.Sc, The Urban Research TA ltd

Migrants have a large effect in the dynamics of Helsinki region’s labour markets. The educational level and income development develop better for under 30-year-old migrants compared to the control population of the same age or those emigrating from the region. Economic growth in the Helsinki region requires a continued high immigration.