New orders in manufacturing grew by 5.5% year-on-year
Enterprises in all manufacturing industries received more orders than twelve months before
According to Statistics Finland, the value of new orders in manufacturing was 5.5 per cent higher in February 2019 than twelve months earlier. During January to February, orders grew by 4.4 per cent from the year before. Orders have grown continuously for three months.
In February, enterprises in all manufacturing industries received more orders than twelve months ago. In the metal industry, orders increased by 7.2 per cent year-on-year, and in the chemical industry by 3.2 per cent. In the industry of the manufacture of paper and paper board products, orders grew by 2.0 per cent year-on-year.
Source: Statistics Finland
When interpreting these figures, 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, says Statistics Finland.
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.