Home > Statistics > New orders in manufacturing > 2009 > August > New orders in manufacturing fell by over one-third year-on-year in August 2009

Published: 9 October 2009

New orders in manufacturing fell by over one-third year-on-year in August 2009

According to Statistics Finland, the value of new orders in manufacturing was 37.3 per cent lower in August 2009 than in August 2008. In the January to August period, new orders in manufacturing fell by 36.9 per cent year-on-year.

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

The strong contraction of new orders in manufacturing that started in autumn 2008 continued through this August without a sign of turn in the trend. The development in orders has been much like the average for the early part of the year. The value of new orders fell clearly from last year in all the examined main industries. As in the months before, the decline in new orders was strongest in the metal industry, where it amounted to 44.9 per cent. In the chemical industry new orders fell by 27.2 per cent, in the manufacture of paper, and paper and board products by 19.5 per cent and in the textile industry by 14.1 per cent.

Change in new orders in manufacturing 08/2008-08/2009 (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.

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

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

Director in charge: Hannele Orjala

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Updated 9.10.2009