Home > Statistics > New orders in manufacturing > 2017 > October > New orders in manufacturing grew by 10.6 per cent year-on-year in October

Published: 8 December 2017

New orders in manufacturing grew by 10.6 per cent year-on-year in October

According to Statistics Finland, the value of new orders in manufacturing was 10.6 per cent higher in October 2017 than twelve months earlier. During January to October, orders grew by 14.4 per cent from the year before.

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

In October, enterprises in all manufacturing industries received more orders than twelve months ago. Orders increased most in the metal industry, by 14.7 per cent and in the textile industry by 6.9 per cent. In the chemical industry and the industry of the manufacture of paper and paper board products, orders grew by 3.8 per cent from last 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 10/2016– 10/2017

The statistics on new orders in manufacturing will utilise the base year 2015=100 starting from the data concerning January 2018. The data will be released for the first time with the new base year on 9 March 2018.

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 2017, October. Statistics Finland

Inquiries: Jussi Haavisto 029 551 3341, Maarit Mäkelä 029 551 3324, volyymi.indeksi@stat.fi

Director in charge: Sami Saarikivi

Publication in pdf-format (252.5 kB)

Tables

Appendix tables

• Appendix table 1. Three-month moving change, cumulative change and change in the latest month, year-on-year, % (TOL 2008) (8.12.2017)

Figures

• Appendix figure 1. New orders in manufacturing, trend series by industry (TOL2008) (8.12.2017)

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Updated 8.12.2017