Home > Statistics > New orders in manufacturing > 2008 > May > New orders in manufacturing fell by 23.2 per cent year-on-year in May

Published: 11 July 2008

New orders in manufacturing fell by 23.2 per cent year-on-year in May

According to Statistics Finland, the volume of new orders in manufacturing was 23.2 per cent lower in May 2008 than in May 2007. In the January to May period, new orders in manufacturing decreased by 2.4 per cent year-on-year.

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

New orders fell most in the metal industry where they decreased by 33.7 per cent. However, the fall is largely explained by the exceptionally high value of new orders in the corresponding time period of the previous year, generated by, among other things, strong growth in the shipbuilding industry. In the manufacture of pulp, paper and paper products new orders decreased by 7.0 per cent and in the manufacture of textiles and textile products by 5.4 per cent. By contrast, new orders increased by 10.4 per cent in the chemical industry. These statistics 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 05/2007-05/2008

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, May. Statistics Finland

Inquiries: Jukka Oikarinen (09) 1734 2969, volyymi.indeksi@stat.fi

Director in charge: Hannele Orjala

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Updated 11.7.2008