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Published: 10 April 2012

New orders in manufacturing grew by 2.8 per cent year-on-year in February

According to Statistics Finland, the value of new orders in manufacturing was 2.8 per cent higher in February 2012 than twelve months earlier. In the January to February period, new orders in manufacturing decreased by 0.8 per cent year-on-year.

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

The decline in new orders in manufacturing that had continued for two months ended in February. Among the examined main industries, orders grew by 8.4 per cent in the chemical industry and by 4.5 per cent in the metal industry. By contrast, orders decreased by 14.0 per cent in the textile industry and by 3.3 per cent in the manufacture of paper, and paper and board products.

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.

Change in new orders in manufacturing 2/2011-2/2012 (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, February. 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 (243.4 kB)

Tables

Appendix tables

• Appendix table 1. Three-month moving change, cumulative change and change in the latest month, year-on-year, % (TOL 2008) (10.4.2012)

Figures

• Appendix figure 1. New orders in manufacturing, trend series by industry (TOL 2008) (10.4.2012)

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Updated 10.4.2012