Published: 7 May 2010
According to Statistics Finland, the value of new orders in manufacturing was 21.9 per cent higher in March 2010 than in March 2009. In February and March growth in new orders has been quite strong. However, during the comparison period new orders in manufacturing had dropped by good one third from 2008.
Change in new orders in manufacturing from corresponding month of the previous year (original series), % (TOL 2008)
New orders in manufacturing increased in several main industries in March. The biggest growth in new orders was recorded in the metal industry, up by as much as 32 per cent. The value of new orders grew by 16.7 per cent from twelve months back in the paper industry. New orders declined by 8.1 per cent in the chemical industry.
These statistics should be examined bearing in mind that they typically show strong monthly fluctuations because even new orders of high value are not examined over extended time periods but for the statistical reference month only.
Change in new orders in manufacturing 3/2009-3/2010 (TOL 2008)
The index of new orders in manufacturing describes development in the value of new orders received by enterprises for commodities and services that are meant to be produced by establishments located in Finland. These statistics are based on non-probability sampling, in which the basic observation unit is an enterprise or a kind-of-activity unit. The sample comprises monthly approximately 400 to 430 enterprises or their kind-of-activity units. Index point figures and annual change percentages are published monthly for five industry categories. The time series start from January 2005 and their base year is 2005 (2005=100). A detailed description of the statistics and the calculation method are included in the quality description on the home page of the statistics.
Source: New orders in manufacturing 2010, March. Statistics Finland
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