Home > Statistics > New orders in manufacturing > 2016 > March > New orders in manufacturing fell by 11.8 per cent year-on-year in March

Published: 10 May 2016

New orders in manufacturing fell by 11.8 per cent year-on-year in March

According to Statistics Finland, the value of new orders in manufacturing was 11.8 per cent lower in March 2016 than twelve months earlier. Orders have declined continuously for seven months. During January to March, orders went down by 5.4 per cent from the year before.

Annual change in new orders in manufacturing (orginal series), % (TOL2008)

In March, enterprises in all manufacturing industries received less orders than twelve months ago. In the textile industry, orders went down by 2.1 per cent from one year ago, and in the manufacture of paper and board products by 9.5 per cent. In the chemical industry, new orders decreased by 10.3 per cent and in the metal industry by 13.0 per cent year-on-year.

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 3/2015– 3/2016 (TOL2008)

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). The index figures may become slightly revised as new data accumulate and enterprises report changes to their data. Due to supplementations, the latest 12 months are revised in the releases. 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 2016, March. Statistics Finland

Inquiries: Maarit Mäkelä 029 551 3324, Kari Rautio 029 551 2479, volyymi.indeksi@stat.fi

Director in charge: Mari Ylä-Jarkko

Publication in pdf-format (229.2 kB)

Tables

Appendix tables

• Appendix table 1. Three-month moving change, cumulative change and change in the latest month, year-on-year, % (TOL 2008) (10.5.2016)

Figures

• Appendix figure 1. New orders in manufacturing, trend series by industry (TOL2008) (10.5.2016)

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Updated 10.5.2016