Manufacturing turnover growth 15 percent

Manufacturers realised a 15 percent turnover increase in August 2010 compared to the same month in 2009. In July, the value of their turnover was 12 percent higher. During the past months, manufacturing turnover has been far below the level of the same month in 2008.

August 2010 had a different working day and holiday pattern than August 2009. The positive effect on turnover is estimated at approximately 2 percent. Prices of manufactured products were nearly 8 percent higher than one year previously.

With 28 percent, electrical engineering and machinery showed the highest turnover growth. Manufacturers in the sectors petroleum, chemical, rubber and plastic products (23 percent), transport equipment (21 percent) and basic metals and metal products (16 percent) also realised far higher turnover levels. Turnover in the sector food, drinks and tobacco was marginally above the level of August 2009.

Turnover on the export market was 23 percent higher in August than one year previously. Turnover growth on the domestic market was less substantial (6 percent). If the working-day pattern and higher selling prices are taken into account, the volume of domestic turnover in August was down on one year previously.

Manufacturing turnover