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Published: 9 May 2008

New orders in manufacturing declined by 3.1 per cent year-on-year in March

According to Statistics Finland, new orders in manufacturing declined by 3.1 per cent year-on-year in March 2008. By contrast, in the January to March period new orders in manufacturing increased by 6.9 per cent from twelve months back.

Change in new orders in manufacturing from corresponding month of the previous year (original series), %

New orders declined in all the examined main industries. They fell most, or by 16 per cent, in the textile industry. In the manufacture of pulp, paper and paper products the recorded fall in new orders was 6.5 per cent and in the metal industry 3.3 per cent. In the chemical industry, new orders remained almost on level with the year before. However, these statistics typically show strong fluctuations as new orders are not examined over extended time periods but for the statistical reference month only.

Change in new orders in manufacturing 03/2007-03/2008

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 annually approximately 400 to 430 enterprises or their kind-of-activity units. Index point figures and annual change percentages are published monthly for five industry categories. The time series start from January 2005 and their base year is 2005 (2005=100). 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 2008, March. Statistics Finland

Inquiries: Jukka Appelqvist (09) 1734 3391, volyymi.indeksi@stat.fi

Director in charge: Hannele Orjala

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Updated 9.5.2008