Saturday 8/15/20

New orders in manufacturing fell by 13%

 Orders have declined continuously for four months.
New orders in manufacturing fell by 13%

According to Statistics Finland, the value of new orders in manufacturing was 13% lower in April 2020 than twelve months earlier. During January to April, orders decreased by 8.3% from the year before. Orders have declined continuously for four months.

New-orders-manufacturing-April-2020

Source: Statistics Finland.

In April, enterprises in all manufacturing industries received fewer orders than twelve months ago.

In the chemical industry, new orders decreased by 1.3% from the previous year. In the metal industry, orders declined by 13.5% and in the manufacture of paper and paper products by 18% from one year ago.

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.

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