In June, enterprises in all manufacturing industries received fewer new orders than twelve months ago.
The value of new orders in manufacturing in Finland was 11.8% lower in June 2020 than twelve months earlier, according to the latest report published by Statistics Finland on Monday.
From January to June, orders decreased by 11.3% from the year before. Orders have declined continuously for six months.
In June, enterprises in all manufacturing industries received fewer new orders than twelve months ago. In the metal industry, new orders decreased by 8.3% from the previous year. In the chemical industry, orders declined by 11.6% and in the industry of the manufacture of paper and paper board products by 22.6% from one year ago.
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.
The index of new orders in manufacturing describes the 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.
