New orders in manufacturing decreased by 6.4 per cent year-on-year in February 2024
release | New orders in manufacturing 2024, FebruaryAccording to Statistics Finland, the value of new orders in manufacturing was 6.4 per cent lower in February 2024 than twelve months earlier. During January to February, orders decreased by 6.5 per cent from the year before.
Key selections
- New orders declined most in the metal industry in February.
- Orders grew in the paper industry.
Changes in the examined main industries
Enterprises received more orders in February than twelve months ago in the manufacture of paper, and paper and paper board products, where the value of new orders was 13.7 per cent higher than twelve months earlier. Before this, orders in the industry had declined continuously for ten months. In the chemical industry, the value of orders was nearly on the same level, being 0.2 per cent lower than one year earlier. In the metal industry, orders decreased by 12.9 per cent year-on-year.
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.
Figures
New orders in manufacturing, trend series (2021=100) by industry (TOL 2008), 2005M01-2024M02
Year-on-year change in new orders in manufacturing 2022M02-2024M02 (original series), % (TOL2008)
Tables
Change in the latest month, cumulative change and change by three-month period, year-on-year (original series), % (TOL 2008)
Database tables
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- Standard Industrial Classification (TOL 2008)