New orders in manufacturing decreased by 15.6 per cent year-on-year in October 2023
release | New orders in manufacturing 2023, OctoberAccording to Statistics Finland, the value of new orders in manufacturing was 15.6 per cent lower in October 2023 than twelve months earlier. During January to October, orders decreased by 11.4 per cent from the year before. Orders have decreased continuously for nine months.
Key selections
- New orders decreased in all examined main industries of manufacturing.
- Orders declined most in the paper industry.
Changes in the examined main industries
In October, enterprises in all examined main industries received fewer orders than twelve months ago. In the industry of the manufacture of paper and paper board products, the value of new orders was 16.7 per cent lower than one year earlier. Orders decreased in the chemical industry by 16.0 per cent and in the metal industry by 15.1 per cent from one year earlier.
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), 2005M01-2023M10
Year-on-year change in new orders in manufacturing 2021M10-2023M10 (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)
- Revision