New orders in manufacturing grow 45.2% in May

The value of new orders in manufacturing was 45.2 per cent higher in May 2021 than twelve months earlier, according to Statistics Finland.

During January to May, orders grew by 23.1 per cent from the year before.

New orders in manufacturing continued to grow in May. In May enterprises in all examined main industries received more orders than twelve months ago.

The growth was strongest in the metal industry, where the value of orders was 51.2 per cent higher than in the previous year.

In the paper industry new orders increased by 45.6 per cent and in the chemical industry by 20.0 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.