Home > Statistics > New orders in manufacturing > 2009 > February > New orders in manufacturing fell by over 40 per cent year-on-year in February

Published: 9 April 2009

New orders in manufacturing fell by over 40 per cent year-on-year in February

According to Statistics Finland, the value of new orders in manufacturing was 41 per cent lower in February 2009 than in February 2008. In the January to February period of 2009, new orders in manufacturing fell by 39.4 per cent year-on-year.

Change in new orders in manufacturing from corresponding month of the previous year (original series), % (TOL 2008)

The exceptionally strong decline seen in the past few months in new orders in manufacturing continued in February. The value of new orders fell in all the examined main industries. As in the previous months, the decline in new orders was especially strong in the metal industry, where it amounted to 49.7 per cent. In the textile industry new orders fell by 30.4 per cent, in the manufacture of paper, and paper and board products by 27.6 per cent and in the chemical industry by 10.8 per cent..

Change in new orders in manufacturing 02/2008-02/2009 (TOL 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 monthly 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.

The revised standard industrial classification, TOL 2008 has been introduced in these statistics starting from data concerning January 2009. Further information about the TOL 2008 classification is available in the TOL 2008 section on Statistics Finland’s website. Further information about the transition of the statistics on new orders in manufacturing to standard industrial classification TOL 2008 is available under Revisions in these statistics . Time series calculated backwards to 2005 by the new classification (TOL 2008) will be published on the home page of these statistics.

Source: New orders in manufacturing 2009, February. Statistics Finland

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

Director in charge: Hannele Orjala

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Updated 9.4.2009