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Home BUSINESSNew orders in manufacturing down by 12.6% in August
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Tue, 11 Oct, 2016 12:10:41 AM
FTimes Report, Oct 11
 
Annual change in new orders in manufacturing (original series), % (TOL2008). Source: New orders in manufacturing 2016, August. Statistics Finland.
The value of new orders in manufacturing was 12.6 per cent lower in August 2016 than twelve months earlier, according to Statistics Finland.
 
Orders have declined continuously for one year.
 
The orders went down by 11.6 per cent during January to August from the year before, the statistics show.
 
Enterprises received more orders than twelve months ago in August in the paper, the textile and the chemical industry.
 
Change in new orders in manufacturing 8/2015– 8/2016 (TOL2008). Source: New orders in manufacturing 2016, August. Statistics Finland.
In the industry of the manufacture of paper and paper board products, the orders increased by 9.4 per cent, in the textile industry by 7.0 per cent and in the chemical industry by 0.4 per cent year-on-year.
 
In the metal industry, the orders declined by 19.6 per cent from one year ago as per the data.
 
The fall in orders in the metal industry is largely explained by the exceptionally high value of new orders in the corresponding time period of the previous year, generated by, for example, an order in the shipbuilding industry.
 
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