Number of enterprise openings down slightly in the second quarter of 2008

The number of enterprise openings fell by 0.5 per cent in the second quarter of 2008. Examined by industry, the number of enterprise openings was highest in real estate and business activities, and by region relative to the enterprise stock in Uusimaa. The number of enterprise closures continued to rise in the first quarter of 2008, as it had done in the respective time periods of the three preceding years. The rise amounted to 3.5 per cent from the first quarter of 2007. Examined by industry, real estate and business activities recorded also the highest numbers of enterprise closures and by region relative to the enterprise stock their number was highest in Kymenlaakso. Examined by legal form, there were four per cent fewer openings of enterprises of the corporate form of natural person and three per cent more openings of enterprises of the corporate form of limited company than in the respective time period of the previous year.

Enterprise openings, 2nd quarter of 2008

According to Statistics Finland, there were 8,621 enterprise openings in the second quarter of 2008. Enterprise openings decreased by -0.5 per cent from the corresponding quarter of 2007 when they numbered 8,667. Enterprise openings accounted for 2.8 per cent of the total stock of enterprises in the second quarter of 2008..

The number of enterprise openings was highest in real estate and business activities where they totalled 2,489, or 28.9 per cent of all enterprise openings in the second quarter. In construction, enterprise openings numbered 1,703 (19.8%) and in trade 1,434 (16.6%).

Examined by region, the number of enterprise openings was highest in Uusimaa, where they totalled 2,862. Relative to the enterprise stock the number of enterprise openings was highest in Uusimaa (3.2%).

Examined by municipality, the highest numbers of enterprise openings were recorded in the second quarter of 2008 in Helsinki (1,492), Espoo (416), Tampere (385) and Vantaa (302). Compared to the second quarter of 2007, enterprise openings increased most in Helsinki (130) and decreased most in Porvoo (-30).

Enterprise openings, 2nd quarter, 2001-2008

Enterprise closures, 1st quarter of 2008

According to Statistics Finland, there were 4,828 enterprise closures in the first quarter of 2008. Compared to the first quarter of the year before, enterprise closures increased by 3.5 per cent, as in the first quarter of 2007 they numbered 4,663. Enterprise closures accounted for 1.6 per cent of the total stock of enterprises in the first quarter of 2008.

The number of enterprise closures was highest in real estate and business activities, where they totalled 1,169 (24.2%). In trade, enterprise closures numbered 1,141 (23.6%) and in construction 762 (15.8%).

Examined by region, in the first quarter of 2008 the number of enterprise closures was highest in Uusimaa where they totalled 1,588. Relative to the enterprise stock, the number of enterprise closures was highest in Kymenlaakso (2.0%).

Examined by municipality, Helsinki (790), Espoo (250) and Tampere (196) had the highest numbers of enterprise closures in the first quarter of 2008. Compared to the first quarter of 2007, enterprise closures increased most in Helsinki (32) and decreased most in Espoo (-45).

Enterprise closures, 1st quarter, 2001-2008

Source: Business Register: Enterprise openings and closures. Enterprise openings, 2008 2nd quarter; enterprise closures, 2008 1st quarter. Statistics Finland

Inquiries: Marketta Kaskirinne-Salo (09) 1734 3542, Janne Peltola (09) 1734 2929, yritys.rekisteri@stat.fi

Director in charge: Hannele Orjala

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Updated 23.10.2008

Referencing instructions:

Official Statistics of Finland (OSF): Enterprise openings and closures [e-publication].
ISSN=1799-2346. 2nd quarter 2008. Helsinki: Statistics Finland [referred: 22.12.2024].
Access method: http://www.stat.fi/til/aly/2008/02/aly_2008_02_2008-10-23_tie_001_en.html