Home > Statistics > New orders in manufacturing > 2009 > October > New orders in manufacturing fell by 27.1 per cent year-on-year in October

Published: 11 December 2009

New orders in manufacturing fell by 27.1 per cent year-on-year in October

According to Statistics Finland, the value of new orders in manufacturing was 27.1 per cent lower in October 2009 than in October 2008. In the January to October period, new orders in manufacturing decreased by 35.5 per cent year-on-year.

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

New orders in manufacturing continued their decline in October. Compared with the previous year, new orders declined in all the examined main industries. The contraction of orders was particularly strong in the metal industry where the value of new orders fell by 34.7 per cent from October 2008. In the chemical industry new orders fell by 16.2 per cent, in the manufacture of paper, and paper and board products by 12.8 per cent and in the textile industry by 8.9 per cent. These statistics should be examined bearing in mind that they typically show strong monthly fluctuations because even new orders of high value are not examined over extended time periods but for the statistical reference month only.

Change in new orders in manufacturing 10/2008-10/2009 (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, October. Statistics Finland

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

Director in charge: Hannele Orjala

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Updated 11.12.2009