Home > Statistics > New orders in manufacturing > 2021 > December > New orders in manufacturing grew by 19.2 per cent year-on-year in December

Published: 10 February 2022

New orders in manufacturing grew by 19.2 per cent year-on-year in December

According to Statistics Finland, the value of new orders in manufacturing was 19.2 per cent higher in December 2021 than twelve months earlier. During 2021, orders rose by 28.7 per cent year-on-year.

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

New orders in manufacturing have grown continuously since last year's February. In December, enterprises in all examined main industries received more orders than twelve months ago. In December, orders grew most in the industry of the manufacture of paper and paper board products, where the value of orders was 35.6 per cent higher than one year ago. In the metal industry new orders increased in December by 17.3 per cent and in the chemical industry by 8.4 per cent from one year ago.

During 2021, orders increased most in the metal industry, by 33.5 per cent. In the industry of the manufacture of paper and paper board products, the value of orders was 26.6 per cent higher and in the chemical industry 11.2 per cent higher than in the previous year.

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 12/2020–12/2021

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, December. 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 (259.5 kB)

Tables

Appendix tables

• Appendix table 1. Three-month moving change, cumulative change and change in the latest month, year-on-year, % (TOL 2008) (10.2.2022)

Figures

• Appendix figure 1. New orders in manufacturing, trend series by industry (TOL2008) (10.2.2022)

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Updated 10.02.2022