Home > Statistics > New orders in manufacturing > 2010 > October > New orders in manufacturing grew by good one-quarter year-on-year in October

Published: 10 December 2010

New orders in manufacturing grew by good one-quarter year-on-year in October

According to Statistics Finland, the value of new orders in manufacturing was 27.0 per cent higher in October 2010 than twelve months earlier. In the January to October period, new orders in manufacturing increased by 23.3 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 continued strong in October. As in the preceding months, the value of new orders rose in all the examined main industries. Growth was clearly strongest in the metal industry, where the value of orders was as much as 37.7 per cent higher than in the previous year. Orders went up by 20.4 per cent in the textile industry, by 12.0 per cent in the chemical industry and by 11.9 per cent in the manufacture of paper and board products. Despite the strong growth, in the most important main activity, the metal industry, the value of new orders was nevertheless fairly low, so the growth is partly explained by the weak situation in the respective period of the comparison year.

These statistics should be interpreted 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 10/2009-10/2010 (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, October. Statistics Finland

Inquiries: Eetu Toivanen (09) 1734 3331, Kari Rautio (09) 1734 2479, volyymi.indeksi@stat.fi

Director in charge: Hannele Orjala

Publication in pdf-format (244.4 kB)

Tables

Appendix tables

• Appendix table 1. Three-month moving change, cumulative change and change in the latest month, year-on-year, % (TOL 2008) (10.12.2010)

Figures

• Appendix figures 1. New orders in manufacturing, trend series by industry (TOL 2008) (10.12.2010)

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Updated 10.12.2010