New orders in manufacturing grew by 15.4 per cent year-on-year in December

According to Statistics Finland, the value of new orders in manufacturing was 15.4 per cent higher in December 2009 than in December 2008. In 2009, new orders in manufacturing decreased by as much as 30.1 per cent year-on-year.

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

For the first time since summer 2008, new orders in manufacturing took a turn upwards in November last year. In December, all main industries got on a growth track. However, the value of new orders was still low since the growth can be partly explained by the bad situation in the comparison year. The strongest growth in the value of orders was seen in the metal industry where it was as high as 19.2 per cent. In the chemical industry, orders went up by 13.7 per cent. Orders grew by 8.4 per cent in the manufacture of paper and paper products and by 1.4 per cent in the textile industry.

These statistics should be examined bearing in mind that they typically show strong monthly fluctuations because even new orders of high value are not examined over extended time periods but for the statistical reference month only.

Change in new orders in manufacturing 12/2008-12/2009 (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, December. Statistics Finland

Inquiries: Kari Rautio (09) 1734 2479, volyymi.indeksi@stat.fi

Director in charge: Hannele Orjala

Updated 12.2.2010

Referencing instructions:

Statistics: New orders in manufacturing [e-publication].
ISSN=1798-6737. December 2009. Helsinki: Statistics Finland [referred: 22.11.2024].
Access method: http://www.stat.fi/til/teul/2009/12/teul_2009_12_2010-02-12_tie_001_en.html