New orders in manufacturing grew by 16.0 per cent year-on-year in October

According to Statistics Finland, the value of new orders in manufacturing was 16.0 per cent higher in October 2021 than twelve months earlier. During January to October, orders grew by 29.1 per cent year-on-year.

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

The growth of new orders in manufacturing continued through October. Orders have grown continuously for nine months. In October, enterprises in all examined main industries received more orders than twelve months ago. In the industry of the manufacture of paper, and paper and board products, orders grew by 23.8 per cent and in the chemical industry by 22.9 per cent year-on-year. The value of orders in the metal industry was 12.4 per cent higher than in the year before.

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 10/2020–10/2021

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, October. Statistics Finland

Inquiries: Petri Koivisto 029 551 3669, Jussi Haavisto 029 551 3341, volyymi.indeksi@stat.fi

Head of Department in charge: Katri Kaaja

Publication in pdf-format (257.5 kB)

Tables

Appendix tables

Appendix table 1. Three-month moving change, cumulative change and change in the latest month, year-on-year, % (TOL 2008) (10.12.2021)

Figures

Appendix figure 1. New orders in manufacturing, trend series by industry (TOL2008) (10.12.2021)

Updated 10.12.2021

Referencing instructions:

Statistics: New orders in manufacturing [e-publication].
ISSN=1798-6737. October 2021. Helsinki: Statistics Finland [referred: 21.11.2024].
Access method: http://www.stat.fi/til/teul/2021/10/teul_2021_10_2021-12-10_tie_001_en.html