Finnvera Group Business Review and ESG Strategy

Higher the index, better competitiveness 25 Cost Competitiveness Remains Stable Ind. 105 100 95 Nominal Unit Labor 90 Costs 85 Real Unit Labor Costs 80 1995 2000 05 10 15 20 25 Source: ETLA Economic Research • • Cost competitiveness has been decent after 2016 Evolution of labor costs has contributed positively to competitiveness, exchange rate contribution has been negative, productivity has been lagging behind =FINNVERA

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