Indicator predicting total production

Last updated 26/03/2021 - 10:30

The amount of production continued to decline in the final quarter of 2020

Production in the Helsinki region decreased by 4.7 per cent in the fourth quarter compared with the previous year (decrease in all of Finland under 1.0 per cent). Production decreased slightly less than during the previous quarter, but the difference between the region and the entire country increased. Compared with the entire country, the decrease in production caused by the COVID-19 pandemic has been more pronounced in the Helsinki region, where the service sector is more prevalent. 

Business continued to decline in various service sectors in the Helsinki region compared with the previous year, but at a slower pace than before.  The greatest decreases were seen in accommodation and food services, the logistics and storage sector and household services. Compared with the previous year, business grew only in the information and communications sector. The decline in turnover continued in construction but came to halt in manufacturing.