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Published: 9 May 2014

New orders in manufacturing grew by 5.5 per cent year-on-year in March

According to Statistics Finland, the value of new orders in manufacturing was 5.5 per cent higher in March 2014 than twelve months earlier. The value of new orders went up for the second successive month from last year. During the first quarter, orders grew by 2.8 per cent year-on-year.

Annual change in new orders in manufacturing (original series), % (TOL 2008)

Among the examined main industries, the value of new orders grew most in the chemical industry, where growth amounted to 10.0 per cent compared to March 2013. In the metal industry, orders went up by 9.8 per cent. In the textile industry, orders declined by 10.9 per cent and in the industry of the manufacture of paper and paper board products by 8.4 per cent from one year ago.

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 3/2013-3/2014 (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 2014, March. Statistics Finland

Inquiries: Salla Simola 09 1734 3308, 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) (9.5.2014)

Figures

• Appendix figure 1. New orders in manufacturing, trend series by industry (TOL 2008) (9.5.2014)

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Updated 9.5.2014