Business in Stockholm continued its positive development during the fourth quarter of 2014. Total wages show increasing growth, unemployment is falling, the number of vacancies increases and the number of new companies in both the county and city rose. This is what The Stockholm Economy Report for Q4 2014 shows.
The labor market has had a positive development. The number of job openings is increasing in both the county and the city. The number of layoffs decreases in the city, but increases in the county. Total wages increased during the fourth quarter of 2014 by 2.5 percent in the county and 2.7 percent in the city. The private sector showed the strongest growth.
The number of new businesses increases again, and the number of bankruptcies fell compared with the same quarter last year. During the fourth quarter, 5,992 new businesses were started in the county, of which 3,486 were in the city.
- It is very pleasing that the last quarter of 2014 shows growth for Stockholm and the entire year. Stockholm remains strong, says Olle Zetterberg, CEO for Stockholm Business Region.
Residential construction increased during the fourth quarter in 2014. In total, construction starts on more than 13,200 apartments in the county during the year, 4,100 just in the city.
The number of commercial overnight stays during the period was 2.7 million in the county, of which 1.9 million in the city. This is an increase by 8.4 percent in the county and 6.5 percent in the city.
The Stockholm Economy Report monitors growth in Stockholm city and county and is issued four times per year.
Read the full report here:
Stockholm Business Region, with its subsidiaries Stockholm Business Region Development and Stockholm Visitors Board, is the official investment and tourism promotion agency for the Stockholm region. Stockholm is one of Europe’s most dynamic sustainable regions. Stockholm Business Region is fully owned by the City of Stockholm. Our common brand is Stockholm – The Capital of Scandinavia.
Invest Stockholm is the official investment promotion agency of Stockholm. We work with the marketing and development of the Stockholm region as a business destination under the brand Stockholm – The Capital of Scandinavia. Invest Stockholm is a subsidiary of Stockholm Business Region, owned by the city of Stockholm. www.investstockholm.com www.visitstockholm.com www.stockholmbusinessregion.com