Home > Statistics > New orders in manufacturing > 2019 > December > New orders in manufacturing grew by 32.1 per cent year-on-year in December

Published: 10 February 2020

New orders in manufacturing grew by 32.1 per cent year-on-year in December

According to Statistics Finland, the value of new orders in manufacturing was 32.1 per cent higher in December 2019 than twelve months earlier. The growth is caused by a few large orders in the metal industry. During 2019, orders rose by 0.7 per cent year-on-year.

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

Enterprises received more orders than twelve months ago in December in the metal industry, where orders increased by 52.2 per cent year-on-year. In the metal industry, orders increased particularly due to new orders in the shipbuilding industry. In other manufacturing sub-industries orders declined. In the chemical industry, orders declined by 3.6 per cent and in the manufacture of paper and paper board products by 7.4 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 12/2018– 12/2019

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 2019, December. 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) (10.2.2020)

Figures

• Appendix figure 1. New orders in manufacturing, trend series by industry (TOL2008) (10.2.2020)

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Updated 10.2.2020