Home > Statistics > New orders in manufacturing > 2020 > May > New orders in manufacturing fell by 28.4 per cent year-on-year in May

Published: 10 July 2020

New orders in manufacturing fell by 28.4 per cent year-on-year in May

According to Statistics Finland, the value of new orders in manufacturing was 28.4 per cent lower in May 2020 than twelve months earlier. During January to May, orders decreased by 12.2 per cent from the year before. Orders have declined continuously for five months.

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

In May, enterprises in all manufacturing industries received less orders than twelve months ago. In the chemical industry, new orders decreased by 14.9 per cent from the previous year. In the industry of the manufacture of paper and paper board products, orders declined by 29.8 per cent and in the metal industry by 30.6 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 5/2019– 5/2020

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 2020, May. 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 (254.5 kB)

Tables

Appendix tables

• Appendix table 1. Three-month moving change, cumulative change and change in the latest month, year-on-year, % (TOL 2008) (10.7.2020)

Figures

• Appendix figure 1. New orders in manufacturing, trend series by industry (TOL2008) (10.7.2020)

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Updated 10.7.2020