Home > Statistics > New orders in manufacturing > 2009 > March > New orders in manufacturing declined by 27.9 per cent year-on-year in March

Published: 8 May 2009

New orders in manufacturing declined by 27.9 per cent year-on-year in March

According to Statistics Finland, the value of new orders in manufacturing was 27.9 per cent lower in March 2009 than in March 2008. In the January to March period, new orders in manufacturing decreased by 36.5 per cent year-on-year.

Change in new orders in manufacturing from corresponding month of the previous year (original series), % (TOL 2008)

The exceptionally strong decline seen in the past few months in new orders in manufacturing continued in March. The pace of the decline was, however, slightly slower than in the preceding months. Still, the value of new orders fell in all the examined main industries. As in the previous months, the decline in new orders was strongest in the metal industry, where it amounted to 33.4 per cent. In the manufacture of paper, and paper and board products new orders fell by 23.5 per cent, in the textile industry by 16.7 per cent and in the chemical industry by 5.2 per cent.

Change in new orders in manufacturing 03/2008-03/2009 (TOL 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 monthly 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.

The revised standard industrial classification, TOL 2008 has been introduced in these statistics starting from data concerning January 2009. Further information about the TOL 2008 classification is available in the TOL 2008 section on Statistics Finland’s website. Further information about the transition of the statistics on new orders in manufacturing to standard industrial classification TOL 2008 is available under Revisions in these statistics . Time series calculated backwards to 2005 by the new classification (TOL 2008) will be published on the home page of these statistics.

Source: New orders in manufacturing 2009, March. Statistics Finland

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

Director in charge: Hannele Orjala

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Updated 8.5.2009