New orders in manufacturing down by 1.4% in Feb | business

Sat, 09 Apr, 2016 12:10:39 AM

New orders in manufacturing down by 1.4% in Feb

FTimes Report, Apr 9

Annual change in new orders in manufacturing (orginal series), % (TOL2008). Source: New orders in manufacturing 2016, February. Statistics Finland.

The value of new orders in manufacturing was 1.4 per cent lower in February 2016 than twelve months earlier, according to Statistics Finland, Orders declined continuously for six months.

Enterprises received more orders than twelve months ago in February in the textile and the chemical industry.

In the textile industry, new orders increased by 11.3 per cent and in the chemical industry by 4.2 per cent year-on-year, the data show.

Change in new orders in manufacturing 2/2015– 2/2016 (TOL2008). Source: New orders in manufacturing 2016, February. Statistics Finland.

In the metal industry, the orders declined by 2.1 per cent and in the industry of the manufacture of paper and paper board products by 4.0 per cent 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.

Finland Times