Published: 10 September 2021

New orders in manufacturing grew by 46.8 per cent year-on-year in July

According to Statistics Finland, the value of new orders in manufacturing was 46.8 per cent higher in July 2021 than twelve months earlier. During January to July, orders grew by 28.0 per cent from the year before.

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

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

As in the months before, growth continued strong in new orders in manufacturing in July. In July, enterprises in all examined main industries received more orders than twelve months ago. New orders grew most in the metal industry, where the value of orders was 61.5 per cent higher than in the previous year. In the industry of the manufacture of paper and paper board products, orders grew from the previous year by 31.1 per cent and in the chemical industry by 15.0 per cent.

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 7/2020– 7/2021

Change in new orders in manufacturing 7/2020– 7/2021

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 2021, July. Statistics Finland

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

Head of Department in charge: Katri Kaaja

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Tables

Appendix tables

Figures

Updated 10.9.2021

Referencing instructions:

Statistics: New orders in manufacturing [e-publication].
ISSN=1798-6737. July 2021. Helsinki: Statistics Finland [referred: 24.9.2021].
Access method: http://www.stat.fi/til/teul/2021/07/teul_2021_07_2021-09-10_tie_001_en.html