New orders in manufacturing decreased by 15.1 per cent year-on-year in July 2023
According to Statistics Finland, the value of new orders in manufacturing was 15.1 per cent lower in July 2023 than twelve months earlier. During January to July, orders decreased by 7.7 per cent from the year before. Orders have fallen continuously for six months.
Key selections
- New orders decreased in July in all examined manufacturing main industries.
- Orders declined most in the chemical industry.
Changes in the examined main industries
In July, enterprises in all examined main industries received fewer orders than twelve months ago. New orders decreased most in the chemical industry, where the value of new orders was 23.0 per cent lower than one year earlier. In the industry of the manufacture of paper, and paper and board products, orders declined by 20.4 per cent and in the metal industry by 11.1 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.
Figures
New orders in manufacturing, trend series by industry (TOL 2008), 2005M01-2023M07
Year-on-year change in new orders in manufacturing 2021M07-2023M07 (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)
- Standard Industrial Classification (TOL 2008)
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