According to a recent SME barometer, a larger proportion of SMEs plan to reduce than to increase investment. Although expectations regarding the general economic cycle and the turnover of the respondents’ own companies were positive, they were more subdued than before.
The SME barometer was commissioned by the Federation of Finnish Enterprises, Finnvera and the Ministry of Economic Affairs and Employment. More than 6,000 entrepreneurs responded to the barometer survey.
The slowdown in economic growth and uncertainty about the future are weakening expectations of personnel growth more strongly than before: expectations regarding personnel growth are weaker than expectations regarding general economic development. “SMEs still need more employees, but additional incentives are needed to fulfil the employment targets,” says Mika Kuismanen, Chief Economist at the Federation of Finnish Enterprises.