New orders in manufacturing grew by 8.7 per cent year-on-year in February

According to Statistics Finland, new orders in manufacturing went up by 8.7 per cent in February 2008 from February 2007. In the January to February period, new orders in manufacturing increased by 12.1 per cent year-on-year.

Change in new orders in manufacturing from corresponding month of the previous year (original series), %

New orders increased the most in the chemical industry, by 16 per cent. In the metal industry, new orders increased by 8.0 per cent, and in the manufacture of pulp, paper and paper products they went up by 0.5 per cent. By contrast, new orders decreased by 2.6 per cent in the textile industry. These statistics, however, typically show strong fluctuations as new orders are not examined over extended time periods but for the statistical reference month only.

Change in new orders in manufacturing 02/2007-02/2008

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 annually approximately 400 to 430 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 2005 (2005=100). 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 2008, February. Statistics Finland

Inquiries: Jukka Appelqvist (09) 1734 3391, volyymi.indeksi@stat.fi

Director in charge: Hannele Orjala

Updated 11.4.2008

Referencing instructions:

Statistics: New orders in manufacturing [e-publication].
ISSN=1798-6737. February 2008. Helsinki: Statistics Finland [referred: 22.11.2024].
Access method: http://www.stat.fi/til/teul/2008/02/teul_2008_02_2008-04-11_tie_001_en.html