Manufacturing turnover 14 percent up

Manufacturing turnover was 14 percent up in March 2010 on March 2009, while in February it was 10 percent up on February 2009. It should be taken into account that the major downturn started in November 2008. Subsequently, in the first nine months of 2009, manufacturing turnover was 20 to 30 percent below the level of one year previously. The decline has slowed down since then. In December, turnover increased for the first time. Manufacturing turnover in March is still considerably below the level of March 2008.

March 2010 had one working day more than March 2009. The positive effect of this on turnover is estimated at about 2.5 percent. Prices of manufacturing products sold in March 2010 were almost 8 percent up on March 2009.

The results within the sector manufacturing industry vary; some branches achieved better turnover results, some faced loss of turnover. Petroleum, chemical, rubber and plastic products realised a 42 percent higher turnover compared to twelve months ago. Turnover in electrical engineering and machinery was 7 percent up on last year. The food, drinks and tobacco branch and the metal industry (basic metals and metal products) realised a higher turnover for the first time in more than a year. The branch producing transport equipment faced a loss of turnover (10 percent) in March compared with twelve months previously.

Compared with March 2009, turnover on the domestic and the foreign market was 12 and 16 percent higher respectively.

Manufacturing turnover

Manufacturing turnover