Published: 10 October 2017

New orders in manufacturing fell by 4.6 per cent year-on-year in August

According to Statistics Finland, the value of new orders in manufacturing was 4.6 per cent lower in August 2017 than twelve months earlier. During January to August, orders grew by 15.5 per cent from the year before.

Annual change in new orders in manufacturing (original series), % (TOL2008)

Annual change in new orders in manufacturing (original series), % (TOL2008)

In August, enterprises received more orders than twelve months ago in the textile industry, in the chemical industry and in the manufacture of paper and paper board products. In the textile industry, orders increased by 5.7 per cent, in the chemical industry by 1.3 per cent and in the paper industry by 1.3 per cent year-on-year. In the metal industry orders decreased by 7.6 per cent from twelve months ago.

When interpreting these statistics, it should be borne in mind that they typically show strong fluctuations by month. Even new orders of substantial value are not examined over extended time periods but for the statistical reference month only.

Change in new orders in manufacturing 8/2016– 8/2017

Change in new orders in manufacturing 8/2016– 8/2017

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 400 to 450 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 2010 (2010=100). The index figures may become slightly revised as new data accumulate and enterprises report changes to their data. Due to supplementations, the latest 12 months are revised in the releases. 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 2017, August. Statistics Finland

Inquiries: Maarit Mäkelä 029 551 3324, Kari Rautio 029 551 2479, volyymi.indeksi@stat.fi

Director in charge: Sami Saarikivi

Publication in pdf-format (249.4 kB)

Tables

Appendix tables

Figures

Updated 10.10.2017

Referencing instructions:

Statistics: New orders in manufacturing [e-publication].
ISSN=1798-6737. August 2017. Helsinki: Statistics Finland [referred: 22.10.2017].
Access method: http://www.stat.fi/til/teul/2017/08/teul_2017_08_2017-10-10_tie_001_en.html

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