Manufacturing turnover growing by 16 percent

13/01/2011 15:00

Manufacturers realised an 16 percent turnover increase in November 2010 compared to the same month in 2009. This growth rate is much higher than in October, when turnover increased by 11 percent.

November 2010 had one working day more than November 2009. The positive effect on turnover is estimated at approximately 3 percent. Prices of manufactured products were almost 10 percent higher than one year previously.

Transport equipment showed the highest turnover growth: 25 percent. Manufacturers in the sectors petroleum, chemical, rubber and plastic products (23 percent), basic metals and metal products (22 percent) and electrical engineering and machinery (18 percent) also realised far higher turnover levels. Turnover in the sector food, drinks and tobacco was 8 percent above the level of November 2009.

Turnover on the export market was 25 percent higher in November than one year previously. Turnover growth on the domestic market was less substantial (7 percent).