Opening of new enterprises grows 15% in Q3 2018

The number of enterprise openings grew by 15.3 per cent in the third quarter of 2018 from the respective quarter of the year before, according to Statistics Finland.

Examined by industry, the number of enterprise openings was highest in professional, scientific and technical activities. In the second quarter of 2018, enterprise closures were most numerous in the industry of trade.

There were 7,965 enterprise openings in July to September 2018. The number of enterprise openings grew by 15.3 per cent compared to the third quarter of 2017, when they numbered 6,906.

Examined by industry, most enterprise openings were recorded in professional, scientific and technical activities, where they numbered 1,252. This is 15.7 per cent of all enterprise openings in the third quarter. In construction, enterprise openings numbered 1,017 (12.8%) and in trade 924 (11.6%).

Examined by municipality, the number of enterprise openings was highest in Helsinki (1,531), followed by Espoo (509), Vantaa (391), Tampere (375) and Turku (309).

According to Statistics Finland, there were 5,708 enterprise closures in April to June 2018. Enterprise closures accounted for 1.5 per cent of the total stock of enterprises in the second quarter of 2018.

Examined by industry, most enterprise closures were recorded in trade, numbering 1,011. This was 17.7 per cent of all enterprise closures in the second quarter. Enterprise closures numbered 968 (17%) in professional, scientific and technical activities and 733 (12.8%) in construction.

Examined by municipality, the highest numbers of enterprise closures were recorded in Helsinki (1,064), followed by Espoo (342), Tampere (288), Vantaa (223) and Turku (192).