Marginal turnover growth for manufacturing industry

Manufacturing turnover was 1 percent higher in October 2008 than one year previously. Higher selling prices entirely accounted for the turnover growth. Manufacturing prices rose by more than 4 percent.

In September this year, manufacturing turnover was almost 13 percent up on one year previously, but September 2008 had two more working days than September 2007. The positive effect of two extra working days in September is estimated at 5 percent. The remainder of turnover growth was entirely attributable to higher selling prices, which were 9 percent up on September 2007.

The picture within the manufacturing sector is diverse. In September, the petroleum, chemical, rubber and plastics industry realised the largest turnover increase (3 percent). The sector food, drinks and tobacco generated a 2 percent higher turnover. Other branches faced turnover loss relative to October 2007.

Manufacturers realised 3 percent more turnover on the domestic market, while turnover on the export market was 1 percent down on one year previously.

Manufacturing turnover