Home > Statistics > New orders in manufacturing > 2009 > November > New orders in manufacturing grew by 6.9 per cent year-on-year in November

Published: 8 January 2010

New orders in manufacturing grew by 6.9 per cent year-on-year in November

According to Statistics Finland, the value of new orders in manufacturing was 6.9 per cent higher in November 2009 than in November 2008. In the January to November period, new orders decreased by 32.7 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 started to rise for the first time since summer 2008. However, the value of new orders was still low since the growth can be partly explained by the bad situation in the comparison year. The strongest growth in the value of orders was seen in the metal industry where it was as high as 13.1. per cent. In the metal industry orders were pushed up by the shipbuilding industry in particular where orders had gone up considerably from the year before. In the chemical industry, orders went up by 3.4 per cent. By contrast, orders fell by 4.3 per cent in the manufacture of paper and paper products and by 10.5 per cent in the textile industry.

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 11/2008-11/2009 (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, November. Statistics Finland

Inquiries: Kari Rautio (09) 1734 2479, volyymi.indeksi@stat.fi

Director in charge: Hannele Orjala

---

Updated 8.1.2010