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

Published: 10 July 2009

New orders in manufacturing fell by almost 40 per cent year-on-year in May

According to Statistics Finland, the value of new orders in manufacturing was 39.6 per cent lower in May 2009 than in May 2008. In the January to May period, new orders in manufacturing decreased by 38.9 per cent year-on-year.

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

The strong decline in new orders in manufacturing that started in autumn 2008 continued through May 2009. The value of new orders fell clearly in all the examined main industries. As in the previous months, the decline in new orders was strongest in the metal industry, where it amounted to 47.5 per cent. In the chemical industry new orders fell by 30.7 per cent, in the textile industry by 28.5 per cent and in the manufacture of paper, and paper and board products by 19.4 per cent.

Change in new orders in manufacturing 05/2008-05/2009 (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.

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

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

Director in charge: Hannele Orjala

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Updated 10.7.2009