Manufacturing turnover growth 12 percent

Manufacturers realised a 12 percent turnover increase in July 2010 compared to the same month in 2009. The increase is less substantial than in the preceding months. During the past months, manufacturing turnover has been far below the level of the same month in 2008.

July 2010 had a different working day and holiday pattern than July 2009. The negative effect on turnover is estimated at approximately 1.5 percent. Prices of manufactured products were 9 percent higher than one year previously.

With nearly 25 percent, petroleum, chemical, rubber and plastic products showed the highest turnover growth. Manufacturers in the sectors transport equipment (nearly 18 percent), electrical engineering and machinery (13 percent) and basic metals and metal products (12 percent) also realised far higher turnover levels. Turnover in the sector food, drinks and tobacco was marginally below the level of July 2009.

Turnover on the export market was 16 percent higher in July than one year previously. Turnover growth on the domestic market was less substantial (more than 7 percent). For the sixth month running, turnover growth on the foreign market has been substantially higher than turnover growth on the domestic market.

Manufacturing turnover