Manufacturing turnover 19 percent up

Manufacturing turnover was 19 percent up in April 2010 on April 2009, as against 16 percent in March 2010 relative to March 2009. It should 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 since then. In December, turnover increased for the first time. Manufacturing turnover in April is still considerably below the level of April 2008.

April 2010 had a different working day and holiday pattern compared to 2009. The negative effect on turnover is estimated at almost 1.5 percent. Prices of manufactured products sold in April 2010 were almost 11 percent higher than in April 2009.

Results within the sector manufacturing industry vary. Petroleum, chemical, rubber and plastic products realised a 48 percent higher turnover compared to twelve months ago. The metal industry (basic metals and metal products) and transport equipment realised a turnover growth of 11 percent. Turnover in electrical engineering and machinery was 9 percent up on last year; food, drinks and tobacco branch only 2 percent.

Turnover on the domestic and foreign markets was 12 and 25 percent higher respectively compared to March 2009.

Manufacturing turnover