Manufacturing turnover was 12 percent higher in September 2008 than one year previously. In August this year, manufacturing turnover was 3 percent up on one year previously, but September 2008 had two more working days than September 2007, whereas August 2008 was two working days down on August 2007.The positive effect of two extra working days in September is estimated at 5 percent. The remainder of turnover growth is almost entirely attributable to higher selling prices.
The picture is diverse within the manufacturing sector, because of the high price levels in the various branches. In September, the petroleum, chemical, rubber and plastics industry realised the largest turnover increase (23 percent). The textiles, clothes and leather industry was the only branch to face a turnover decline.
Manufacturers realised 18 percent more turnover on the domestic market, while turnover on the export market grew by 9 percent compared with one year previously.