Manufacturing turnover 20 percent down

In March, manufacturing turnover was 20 percent down on one year previously. Turnover on the export market decreased by 23 percent, turnover on the domestic market dropped by 15 percent. In February, manufacturing output was 27 percent down on February 2008.

More than half of February’s turnover decline was due to selling prices. March 2009 also had two working days more than March 2008.The positive effect on turnover is estimated at more than 4 percent.

In all segments of manufacturing industry, turnover declined compared to March 2008. With a 34 percent downturn, the sector petroleum, chemical, rubber and plastic products suffered most. Lower selling prices largely accounted for the decline. Manufacturers of (basic) metal products and transport equipment also faced losses well above average. With a turnover loss of 5 percent, food, drinks and tobacco proportionally achieved the best results.

Manufacturing turnover