Manufacturing turnover down by 26 percent

In April, manufacturing turnover was down 26 percent on one year previously. This is in line with the decreases that occurred in the first three months of this year.

Almost half of April’s turnover decline was due to selling prices. April 2009 also had one working day less than April 2008. The negative effect on turnover is estimated at about 2 percent.

In all segments of manufacturing, turnover declined compared to April 2008. With a 45 percent downturn, the sector transport equipment suffered most. Food, drinks and tobacco proportionally achieved the best results with a turnover loss of 7 percent.

Turnover on the export market decreased by 31 percent, turnover on the domestic market dropped by 22 percent. Turnover on the export market has seen more unfavourable developments than domestic turnover for over a year now.

Manufacturing turnover