Manufacturing turnover 19 percent higher

Manufacturers realised 19 percent more turnover in June than in June 2009. In May, the value of their turnover was 16 percent higher. 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. Over the past few months, manufacturing turnover has continually been far  below the level of the same month in 2008.

June 2010 had a different working day and holiday pattern than June 2009. The positive effect on turnover is estimated at about 2 percent. Prices of manufactured products sold in June 2010 were more than 9 percent higher than one year previously.

The situation differed within the various branches of manufacturing industry. With 36 percent, turnover growth was highest in the petroleum, chemical, rubber and plastic products branch. The branches electrical engineering and machinery, basic metals and metal products and transport equipment also realised far higher turnover levels. On the other hand, turnover growth in food, drinks and tobacco and the category “other branches in manufacturing industry” was modest.

Turnover on export markets was 23 percent higher in June. Turnover on the domestic market was 14 percent up on June 2009. For five consecutive months now, turnover growth on the foreign market has been substantially higher than turnover growth on the domestic market.

Manufacturing turnover