Manufacturing turnover 27 percent down

10/07/2009 15:00

Manufacturing turnover decreased by 27 percent in May relative to one year previously. The decrease is in the same order of magnitude as in the first four months of 2009. Nearly half of May’s turnover decline was due to lower selling prices. The number of working days was the same as in May 2008.

Turnover declined across the board in May. With a turnover loss of 39 percent, manufacturing of petroleum, chemical, rubber and plastic products was hit hardest. In this sector, factory gate prices have plummeted compared to one year previously. In the (basic) metal industry and the transport equipment sector, turnover plunged by 35 percent. With a turnover loss of 9 percent, the smallest reduction was recorded in food, drinks and tobacco.

Turnover on the export market and the domestic market declined by 29 and 25 percent respectively in May. In the past eighteen months, turnover developments on the domestic market have been less unfavourable than on the export market.

Manufacturing turnover

Manufacturing turnover