Glossary:New orders
The index of new orders received (domestic and non-domestic) was a business cycle indicator which represented the nominal value of the new orders placed during a certain reference month in an industry. Due to methodological difficulties the publication of this indicator was discontinued with the end of the reference year 2011.
The purpose of the new orders indicators was to serve as a leading indicator, i.e. to give a short-term indication of future developments in production and turnover of industries working to orders.
The definition of new orders resembled that of turnover. New orders excluded VAT and other deductible taxes or the sale of capital assets but included all invoiced charges (e.g. for transport and packaging – with the exception of packaging that might be returned after the delivery).
Further information
- European Commission - Directorate-General for Economic and Financial Affairs - On the relevance of Business and Consumer Survey data for assessing new orders in manufacturing