tutkimus

Commerce is starting to grow – the brake on consumption is easing up

The sales volume and turnover of the retail sector have been growing since September. However, employment in the retail sector continues to fall. The Finnish Commerce Federation predicts that sales will grow moderately this and next year. At the same time, however, it estimates that up to 12,000-13,000 jobs in the sector will be lost by 2027 when compared to 2024. Consumers' caution is slowing down the recovery of demand, and the Finnish Commerce Federation is proposing an increase in the tax credit for household expenses and a temporary removal of transfer tax to accelerate consumption.

A lack of competence is slowing down the growth of companies in the service sector

The growth in the number of personnel in the service sectors has slowed. According to the joint Service sector skill survey of the Finnish Commerce Federation, Service Sector Employers Palta and the Finnish Hospitality Association MaRa, recruitment difficulties have eased for a while, but the declining age groups of people of working age are also creating challenges in the service sectors. The most common challenge in recruitment is the mismatch between competence and the needs of the company.