Published: 10 October 2018

New orders in manufacturing grew by 29.7 per cent year-on-year in August

According to Statistics Finland, the value of new orders in manufacturing was 29.7 per cent higher in August 2018 than twelve months earlier. The growth is caused by a few large orders in the metal industry. During January to August, orders grew by 1.2 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 in all manufacturing sub-industries received more orders than twelve months ago. Orders grew most in the metal industry, by 41.6 per cent. In the metal industry, orders increased particularly due to new orders in the shipbuilding industry. In the chemical industry, orders grew by 15.8 per cent and in the industry of the manufacture of paper and paper board products by 5.8 per cent from one year 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 8/2017– 8/2018

Change in new orders in manufacturing 8/2017– 8/2018

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 four industry categories. The time series start from January 2005 and their base year is 2015 (2015=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 2018, August. Statistics Finland

Inquiries: Jussi Haavisto 029 551 3341, Maarit Mäkelä 029 551 3324, volyymi.indeksi@stat.fi

Director in charge: Mari Ylä-Jarkko

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Tables

Appendix tables

Figures

Updated 10.10.2018

Referencing instructions:

Statistics: New orders in manufacturing [e-publication].
ISSN=1798-6737. August 2018. Helsinki: Statistics Finland [referred: 22.10.2018].
Access method: http://www.stat.fi/til/teul/2018/08/teul_2018_08_2018-10-10_tie_001_en.html