Manufacturing turnover up again

In June 2006, manufacturing turnover increased by 9 percent compared with June last year. Turnover has been higher than twelve months previously for two years now.

Nearly two-thirds of the higher June turnover can be accounted for by higher factory gate prices. The record prices a barrel of crude oil was fetching in May were almost equalled in June. This pushed up product prices by 13 percent in the petrochemical industry. June 2006 also had one working day fewer compared with June last year. Statistics Netherlands estimates the negative effect of this at 2 percent points. 

Domestic turnover grew by 5 percent in June. With 13 percent, turnover increase on the foreign market was much higher. The metal industry thrived on the foreign market, realising a 19 percent turnover increase, while prices rose by just under 3 percent.

Turnover industry