According to recent data from Statistics Finland, a significant shift is observed in the Finnish business landscape during the second quarter of 2023. Here are key insights:
Business Closures:
- During the second quarter, 7,915 businesses ceased their operations.
- The number of closures increased by nearly one-third (29.7%) compared to the same period last year.
Business Startups:
- In the same period, 10,100 new businesses were established.
- However, the number of startups decreased by 4.1% compared to the previous year.
Changes in Industries:
- Especially in the arts, entertainment, and recreation sector, there was a decline in the number of startup businesses.
- Conversely, the transportation and storage sector experienced growth in new businesses.
Key Sectors:
- The professional, scientific, and technical activities sector saw the highest number of new businesses, with 1,548 startups.
- In terms of closures, the same sector had the highest number, with 1,289 businesses shutting down.
Comparative Analysis:
- Compared to the second quarter of the previous year, the number of closures increased across all sectors except in real estate activities.