Marginal growth manufacturing turnover

Manufacturing turnover was 3 percent up in December 2009 on December 2008, whereas in November manufacturing turnover was 4 percent down on November 2008. It needs to be taken into account that the major downturn started in November 2008. Subsequently, in the first nine months of 2009, manufacturing turnover was 20 to 30 percent below the level of one year previously. The decline has slowed down ever since. In December, turnover increased for the first time.

December 2009 had a different working day and holiday pattern compared to 2008. The positive effect on turnover is estimated at about 2 percent. Prices of manufacturing products sold in December 2009 were 1 percent up on December 2008.

The results within the sector manufacturing industry vary; some branches achieved better turnover results, some faced loss of turnover. Petroleum, chemical, rubber and plastic products realised a 26 percent higher turnover compared to twelve months ago. Turnover of food, drinks and tobacco was more or less equal to last year. All other branches faced loss of turnover in December relative to 2008.

Across the entire year 2009, manufacturers faced 20 percent loss of turnover. Turnover on the export market dropped by 23 percent, on the domestic market by 17 percent.

 Manufacturing turnover