Definition: Orders

Short-term statistics

Orders are defined as the value of all legally binding contracts linking a producer and a consumer and relating to future deliveries by the producer of goods and related industrial services.
Included in orders are:
- orders for goods and related industrial services to be manufactured in the different kind of activity units of an enterprise,
- orders for goods and related industrial services to be manufactured partially or totally by sub-contractors.
Deducted from the value of orders are:
- all taxes directly linked to the products such as VAT,
- rebates and discounts when they are given at the moment of contract.
Excluded from the value of orders is resale without further processing.
Source:
Eurostat, "Methodological aspects of short-term orders data" Office for Official Publications of the European Communities, 1997
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