New orders in manufacturing decreased by 19.1 per cent year-on-year in March 2024
release | New orders in manufacturing 2024, MarchAccording to Statistics Finland, the value of new orders in manufacturing was 19.1 per cent lower in March 2024 than twelve months earlier. During January to March, orders decreased by 11.3 per cent from the year before.
Key selections
- New orders decreased in March 2024 in all examined main industries of manufacturing.
- The value of orders fell least in the metal industry.
Changes in the examined main industries
In March 2024, enterprises in all examined main industries of manufacturing received fewer new orders than twelve months before. In the metal industry, the value of new orders was 18.1 per cent lower than one year earlier. In the manufacture of paper and paper products, new orders declined by 21.2 per cent and in the chemical industry by 21.7 per cent 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.
Figures
New orders in manufacturing, trend series (2021=100) by industry (TOL 2008) in 2005M01 to 2024M03
Year-on-year change in new orders in manufacturing by industry (TOL2008) in 2022M03 to 2024M03 (original series)
Tables
Change in the latest month, cumulative change and change by three-month period, year-on-year (original series), % (TOL 2008)
Database tables
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- Standard Industrial Classification (TOL 2008)