Manufacturing turnover up 16 percent

Manufacturing turnover was 16 percent up in May 2010 on May 2009, as against 18 percent in April 2010 on April 2009. It should be taken into account that in the first nine months of 2009, manufacturing turnover was 20 to 30 percent below the level of one year previously. In May, too, manufacturing turnover is still well below the level of 2008.

April 2010 had a different working day and holiday pattern than 2009. The negative effect of this on turnover is estimated at about 2 percent. Prices of manufactured products sold in May 2010 were 10.5 percent higher than in May 2009.

Results within the manufacturing industry vary. Petroleum, chemical, rubber and plastic products realised a 36 percent higher turnover than twelve months previously. Transport equipment (+20 percent), electrical engineering and machinery (+ 16 percent) and basic metals and metal products (+9 percent) also realised higher turnovers. On the other hand, turnover in the food, drinks and tobacco branch was 1 percent down on last year.

Turnover on the domestic and foreign markets was 10 and 21 percent respectively higher than in May 2009.

Manufacturing turnover