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Published: 8 August 2008

New orders in manufacturing grew by 1,2 per cent year-on-year in June

According to Statistics Finland, new orders in manufacturing went up by 1.2 per cent in June 2008 from June 2007. In the January to June period, new orders in manufacturing decreased by 1.8 per cent year-on-year.

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

Growth in new orders was particularly strong in the chemical industry, where it totalled 19.4 per cent. By contrast, new orders decreased in other industries. In the manufacture of textiles and textile products, new orders decreased by 18.5 per cent, in the manufacture of pulp, paper and paper products by 3.5 per cent and in the metal industry by 3.3 per cent. However, 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 06/2007-06/2008

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, June. Statistics Finland

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

Director in charge: Hannele Orjala

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Updated 8.8.2008