Modest growth for manufacturing turnover
Manufacturing turnover was 3 percent higher in August 2008 than one year previously. This is a clearly lower growth rate than in the preceding months. This year, August had two more working days than in 2007. The negative effect of alternating work and holidays in August is estimated at 5 percent. Selling prices increased by almost 11 percent in August.
The picture is diverse within the manufacturing sector, because of the high price levels in the various branches. In August, the petroleum, chemical, rubber and plastics industry realised the largest turnover increase (12 percent). Food, drink and tobacco, and the metal industry realised a turnover growth of nearly 2 percent. The remaining branches of manufacturing realised lower turnover levels than twelve months previously.
Manufacturers realised 7 percent more turnover on the domestic market, while turnover on the export market grew only slightly compared with one year previously.
