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Published: 10 June 2011

New orders in manufacturing grew by more than one-quarter year-on-year in April

According to Statistics Finland, the value of new orders in manufacturing was 28.7 per cent higher in April 2011 than twelve months earlier. In the January to April period, new orders in manufacturing increased by 26.9 per cent year-on-year.

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

Strong growth of new orders in manufacturing continued through April. The growth was strongest in the metal industry, where the value of orders was as much as 53.4 per cent up on the year before. The growth is partly explained by the weak situation in the respective period of the comparison year. Orders went up by 19.3 per cent in the chemical industry and by 3.7 per cent in the textile industry. Orders declined in the industry of the manufacture of paper and paperboard products by 13.3 per cent. In the examined main industries, new orders in manufacturing decreased for the first time since January 2010.

When interpreting these statistics it should be borne in mind that they typically show strong fluctuations by month. Even new orders of substantial value are not examined over extended time periods but for the statistical reference month only. It must also be noted that order cancellations are not taken into account when the value of new orders is calculated.

Change in new orders in manufacturing 04/2010-04/2011 (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 2011, April. 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 (248.4 kB)

Tables

Appendix tables

• Appendix table 1. Three-month moving change, cumulative change and change in the latest month, year-on-year, % (TOL 2008) (10.6.2011)

Figures

• Appendix figure 1. New orders in manufacturing, trend series by industry (TOL 2008) (10.6.2011)

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Updated 10.6.2011