Manufacturing turnover 15 percent higher

Manufacturers realised a 15 percent turnover increase in December 2010 compared to the same month in 2009. This growth rate is marginally down on November, when turnover increased by 16 percent.

December 2010 had a different working day and holiday pattern than December 2009. The positive effect on turnover is estimated at approximately 1.5 percent. Prices of manufactured products were almost 11 percent higher than one year previously.

Petroleum, chemical, rubber and plastic products showed the highest turnover growth: 24 percent. The turnover growth was almost entirely the result of price increases. Manufacturers in the sectors basic metals and metal products (20 percent), transport equipment (19 percent),  and electrical engineering and machinery (18 percent) also realised far higher turnover levels, far increasing price increases. Turnover in the sector food, drinks and tobacco was indeed 7 percent above the level of December 2009, but 2 percent below the average level of price increases.

Turnover on the export market was 25 percent higher in December than one year previously. With 4 percent, turnover growth on the domestic market was less substantial.

Manufacturing turnover

More figures can be found in dossier Business cycle.