HELSINKI: The value of new orders in manufacturing was 11.8 per cent lower in March 2016 than twelve months earlier. Orders have declined continuously for seven months, according to Statistics Finland. The orders went down by 5.4 per cent during January to March from the year before.
Enterprises in all manufacturing industries received fewer orders in March than twelve months ago. In the textile industry, orders went down by 2.1 per cent from one year ago and in the manufacture of paper and board products by 9.5 per cent.
In the chemical industry, new orders decreased by 10.3 per cent and in the metal industry by 13.0 per cent year-on-year, the data show. 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.
