Home > Statistics > New orders in manufacturing > 2018 > November > New orders in manufacturing fell by 37.6 per cent year-on-year in November

Published: 10 January 2019

New orders in manufacturing fell by 37.6 per cent year-on-year in November

According to Statistics Finland, the value of new orders in manufacturing was 37.6 per cent lower in November 2018 than twelve months earlier. The fall is largely explained by the exceptionally high value in the corresponding time period of the previous year, generated by, for example, a few large orders in the shipbuilding industry. During January to November, orders went down by 2.4 per cent from the year before.

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

Enterprises received more new orders in November than twelve months ago in the manufacture of paper and paper board products, where the industry's orders grew by 5.4 per cent from the previous year. In other manufacturing sub-industries orders declined. In the chemical industry, new orders decreased by 2.3 per cent and in the metal industry by 49.8 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 11/2017– 11/2018

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 four industry categories. The time series start from January 2005 and their base year is 2015 (2015=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 2018, November. Statistics Finland

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

Director in charge: Mari Ylä-Jarkko

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) (10.1.2019)

Figures

• Appendix figure 1. New orders in manufacturing, trend series by industry (TOL2008) (10.1.2019)

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Updated 10.01.2019