Higher prices account for turnover growth

In January 2008, manufacturing turnover was 11 percent higher than in January 2007. The growth was considerably higher than in December. Turnover growth on the domestic and foreign market was about the same.

The increase was largely caused by higher selling prices, particularly for petroleum and chemical products, food, drinks and tobacco. Improved sales accounted for the remainder of the increase.

With 16 percent, the highest turnover growth was recorded in the food, drink and tobacco industry. The 14 percent turnover growth in the petroleum and chemical industry was also above average. The paper and publishing industry and the textile, clothes and leather industry recorded a negative turnover growth rate. In the past five months, the textile industry has had the poorest results in the entire branch.  

Manufacturing turnover