New orders index

Starting from Jannuary 2018: New base 2015

Taking 2015 = 100 as the base year, the new orders index in manufacturing (ÖNACE C) averaged 122.2 points in 2018, resulting in an increase of 6.7% over 2017. If the index (ÖNACE C+F) is subdivided into orders for the domestic and foreign markets, the following results can be seen: In the domestic market, the index recorded an average of 124.2 points in 2018, giving a increase of 7.5% over the previous year. The new orders index for the foreign market averaged 124.5 points in 2018, corresponding to a change of 9.5% over the previous year.

Results can be found at the bottom of this site. More detailed results are available on the german site.

 Data on new orders can be used to assess the future development of demand and of production options. The new orders indices (domestic, foreign and total markets) therefore serve as early indicators for estimating and forecasting future trends in production and turnover. Following European guidelines, the calculation is only performed for certain order-orientated economic sectors (ÖNACE two digits).

Results and their publication

The new orders index (current base year 2015) for industries and construction is calculated and published at the level of divisions, subsections and sections of ÖNACE D and F and for five main industrial groupings (aggregation of economic sectors that primarily produce intermediate goods, energy, capital goods, consumer durables or non-durables) beginning with reference period 01/1996. In parallel, time series according to the old ÖNACE 2003 were made available till reference period 12/2008. From reference period 01/2009 results are only available according to the new ÖNACE 2008.

In addition, the new orders indices calculated and published are subdivided into new orders for the domestic and foreign markets. Since the base year 2005, the indices have also been subdivided according to whether the orders originate in the euro area or non-euro area and, in the construction sector, have been subdivided into structural and civil engineering, and published accordingly. The old base year 2005 = 100 will continue to be calculated and published in parallel until December 2012

Initial preliminary results are published 55 days after the end of the reference period, and revised values are published after 85 days. The exact dates can be found in the publication calendar (available in German only). Current figures are also published monthly in the Statistical Monitoring Reviews (available in German only), in STATcube (available in German only) and on the Eurostat website.  
The old base year 2010 will also continue to be calculated and published in parallel until December 2017.

Definition

New orders represent tomorrow’s production and turnover; they determine growth on the market and monitor trends in economic branches that supply materials or use products from enterprises as input for further manufacturing processes. New orders provide investors with valuable knowledge about the industries covered and enterprises are able to track their success in relative terms in acquiring new orders. The total amount of new orders accepted from domestic and/or foreign customers by the establishments in the reference month, according to the order confirmation (excluding turnover tax), is used to calculate the new orders index. Subsequent cancellations of orders are not deducted. Furthermore, orders for the supply of trade goods and in-house orders are not included.

The terms “euro area” and “non-euro area” refer to the following countries: euro area: EU states in the euro area (excluding Austria), which comprise belgium, germany, estland, finnland, france, greece, ireland, italy, luxemburg, latvia, lithuania, malta, netherlands, Portugal, slovakia, slovenia, spain and cyprus; non-euro area: all EU states that are not in the euro area, and all third countries.

Scope and representativity

The Short Term Statistics Surveys in industries and construction, which have been conducted at monthly intervals since January 1996, provide the underlying data for the new orders index. Essentially, data from all Short Term Statistics Survey units is incorporated into the index calculation, with the result that the representativity of the indices calculated is predetermined by the scope of the Short Term Statistics Surveys. According to the principle of a concentration survey, the Surveys take account only of those establishments and enterprises in the industries and construction sector (ÖNACE Sections B to F) that have a minimum number of employees on a common survey date of the previous year (applicable to all months of the given year), respectively since reference year 2008 turnover exceed a certain threshold (as long as thresholds for employees did not reach representativity criteria). Since the base 2000 ÖNACE divisions with fluctuating employee numbers, respectively with fluctuating turnover (since reference year 2008), standardised and constant workforce limits for the index calculation and its homogenous progression have been defined in order to ensure stable observation masses. In case also adjustments of the base take place.

Following European guidelines, calculation of the new orders index comprises only certain order-orientated economic branches in industries and construction (ÖNACE Sections C – Manufacturing and F – Construction). These are divisions 13 (Manufacture of textiles), 14 (Manufacture of wearing apparel), 17 (Manufacture of paper and paper products), 20 (Manufacture of chemicals and chemical products), 21 (Manufacture of basic pharmaceutical products and pharmaceutical preparations), 24 (Manufacture of basic metals), 25 (Manufacture of fabricated metal products, except machinery and equipment), 26 (Manufacture of computer, electronic and optical products), 27 (Manufacture of electrical equipment), 28 (Manufacture of machinery and equipment n.e.c.), 29 (Manufacture of motor vehicles, trailers and semi-trailers), 30 (Manufacture of other transport equipment), 41 (Construction of buildings), 42 (Civil engineering), 43 (Specialised construction activities).

Implementation of the ÖNACE 2008

According to the revision of the new statistical classifications of economic activities within the “Operation 2007” and the amendment of the national short term statistic regulation a number of substantial adoptions to the monthly Short Term Statistics in industries and construction took place since the reference year 2008. These adoptions like new demarcation of the scope or taking into account the new thresholds since the reference period 01/2008 lead also to methdoological changes for the calculation of the short term indicators. An article on this topic will be published in the “Statistischen Nachrichten” in 2013.

Time series from 1996 to 2004 of base 1995=100 and 2000=100 were reclassified according to the new statistical classifications of economic activities ÖNACE 2008 and rebased to the base 2005=100 for all breakdowns. From reference period January 2005 new calculations were made.

Calculation

The Laspeyres index concept is used for the calculation. To perform the calculation, index numbers are formed according to ÖNACE groups, divisions, sections and subsections as well as use categories by dividing the result for a particular month by the monthly average of the base year (currently 2015=100).

In accordance with the EU regulation concerning short term statistics, the short term indicators specified in the regulation are to be rebased every five years – i.e. in years ending with a 0 or a 5.  
Therefore the indicators were rebased using the new base year 2015.

Other methodological explanatory notes (available in German only)

Results (overview): Short term indicators in industries and construction 2018 (basis 2015), ÖNACE 2008

ÖNACE 2008

New orders index base 2015, unadjusted
New orders index base 2010, unadjusted
New orders index basis 2005, unadjusted
New orders index basis 2005, unadjusted - 1996 to 2004

ÖNACE 2003

New orders index basis 2005, unadjusted

New Orders IndexPrice in € *)Free Download

 
 

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