Published: 10 August 2020
New orders in manufacturing fell by 11.8 per cent year-on-year in June
According to Statistics Finland, the value of new orders in manufacturing was 11.8 per cent lower in June 2020 than twelve months earlier. During January to June, orders decreased by 11.3 per cent from the year before. Orders have declined continuously for six months.
Annual change in new orders in manufacturing (original series), % (TOL2008)
![Annual change in new orders in manufacturing (original series), % (TOL2008)](teul_2020_06_2020-08-10_tie_001_en_001.png)
In June, enterprises in all manufacturing industries received fewer new orders than twelve months ago. In the metal industry, new orders decreased by 8.3 per cent from the previous year. In the chemical industry, orders declined by 11.6 per cent and in the industry of the manufacture of paper and paper board products by 22.6 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 6/2019– 6/2020
![Change in new orders in manufacturing 6/2019– 6/2020](teul_2020_06_2020-08-10_tie_001_en_002.png)
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, June. 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 (253.5 kB)
Updated 10.8.2020
Statistics:
New orders in manufacturing [e-publication].
ISSN=1798-6737. June 2020. Helsinki: Statistics Finland [referred: 18.8.2024].
Access method: http://www.stat.fi/til/teul/2020/06/teul_2020_06_2020-08-10_tie_001_en.html