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Statistical Terms

Value of machinery orders received

Definition
  • Financial amount of designated survey items of machinery orders(such as vessels and machines) received during the survey reference period
Commentary
  • Includes planned productions and portions for own use
    - Planned productions are included in the value of orders received at the point of sales(shipment) since the order and sales(shipment) happen simultaneously
    - Those for own use are included in the value of orders received at the point when the plan is confirmed.
Source KOSTAT (Monthly Survey of Machinery Orders Received)
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