Home > Statistics > New orders in manufacturing > 2020 > November > New orders in manufacturing grew by 9.2 per cent year-on-year in November

Published: 8 January 2021

New orders in manufacturing grew by 9.2 per cent year-on-year in November

According to Statistics Finland, the value of new orders in manufacturing was 9.2 per cent higher in November 2020 than twelve months earlier. During January to November, orders went down by 11.0 per cent from the year before.

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

The decline in new orders in manufacturing that had continued for ten months ended in November. Enterprises received more new orders in November than twelve months ago in the chemical and metal industries. In the chemical industry new orders increased by 44.2 per cent and in the metal industry by 7.1 per cent from one year ago. In manufacture of paper and paper board products orders fell by 8.3 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 11/2019– 11/2020

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, November. Statistics Finland

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

Head of Department in charge: Katri Kaaja

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) (8.1.2021)

Figures

• Appendix figure 1. New orders in manufacturing, trend series by industry (TOL2008) (8.1.2021)

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Updated 8.1.2021