Higher prices push up manufacturing turnover

In February 2008, manufacturing turnover increased more than 15 percent relative to February 2007. The growth was considerably higher than in January.

More than half of the increase was caused by higher selling prices, particularly for petroleum and chemical products. February 2008 also had one extra working day compared to February last year. The positive effect of the extra working day is estimated at 3.5 percent.

Turnover improved in all branches save textiles. With 18 percent, the turnover growth in food, drink and tobacco and petroleum and chemicals was above average.

Turnover growth on the domestic and foreign markets was about the same. On the domestic market, petroleum and chemicals performed well, realising a turnover growth by 25 percent. On the export market, wood and building materials achieved a turnover growth of 22 percent.

Manufacturing turnover