Manufacturing turnover growing by 11 percent

Manufacturers realised an 11 percent turnover increase in October 2010 compared to the same month in 2009. This growth is up slightly on September. In recent months, manufacturing turnover was well below the level of the same month in 2008.

October 2010 had one working day less than October 2009. The negative effect on turnover is estimated at approximately 2.5 percent. Prices of manufactured products were 9 percent higher than one year previously.

Petroleum, chemical, rubber and plastic products showed the highest turnover growth: 20 percent. Manufacturers in the sectors electrical engineering and machinery (18 percent) and transport equipment (16 percent) also realised far higher turnover levels. Turnover in the sector basic metals and metal products was 7 percent above the level of October 2009, in food, drinks and tobacco only 1 percent.

Turnover on the export market was 20 percent higher in October than one year previously. Turnover growth on the domestic market was less substantial (2 percent).

Manufacturing turnover