Home > Statistics > New orders in manufacturing > 2010 > May > New orders in manufacturing grew by over 40 per cent year-on-year in May

Published: 9 July 2010

New orders in manufacturing grew by over 40 per cent year-on-year in May

According to Statistics Finland, the value of new orders in manufacturing was 40.5 per cent higher in May 2010 than twelve months earlier. In the January to May period, new orders in manufacturing increased by 17.9 per cent year-on-year.

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

The growth of new orders in manufacturing accelerated even further in May. As in the previous month, the value of new orders rose in all the examined industries. New orders grew by most in the metal industry where their value was as much as 47.5 per cent up on last year’s May. Strong growth also continued in the manufacture of paper and board products and the growth recorded in May amounted to 34.3 per cent. In the chemical industry orders went up by 25.0 per cent and in the textile industry by 7.9 per cent.

In the paper industry the value of orders has already reached the level where it was before the economic downturn. By contrast, although the value of the metal industry’s new orders has grown strongly it is still clearly lower than in earlier years.

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 05/2009-05/2010 (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 2010, May. Statistics Finland

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

Director in charge: Hannele Orjala

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Updated 9.7.2010