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Published: 10 January 2014

New orders in manufacturing fell year-on-year in November

According to Statistics Finland, the value of new orders in manufacturing was 16.3 per cent lower in November 2013 than twelve months earlier. In the January to November period, new orders decreased by 6.9 per cent year-on-year.

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

New orders fell in all the examined main industries. New orders decreased most in the metal industry, where there were 21.6 per cent fewer orders than twelve months earlier. In the textile industry the drop was 8.8 per cent, in the chemical industry 8.0 per cent, and in the industry of the manufacture of paper and paper board products 4.5 per cent compared to November 2012.

The big drop in new orders in the metal industry was mainly caused by the fact that there was one large order recorded in the comparison period, November 2012. Production of this order is divided across several months and therefore, no similar drop is seen in the November data for the Volume Index of Industrial Output as in new orders in manufacturing.

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 11/2012-11/2013 (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 400 to 450 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 2010 (2010=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 2013, November. Statistics Finland

Inquiries: Pauliina Peltonen 09 1734 2585, Eetu Toivanen 09 1734 3331, 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) (10.1.2014)

Figures

• Appendix figure 1. New orders in manufacturing, trend series by industry (TOL 2008) (10.1.2014)

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Updated 10.1.2014