Date : 16 . 12 . 1996

MANUFACTURING INDUSTRY MONTHLY TENDENCY SURVEY
PRODUCTION, SALES, AND PRICES
IN NOVEMBER 1996 AND
EXPECTATIONS FOR DECEMBER 1996


ACCORDING TO THE PROVISIONAL RESULTS OF MONTHLY MANUFACTURING INDUSTRY TENDENCY SURVEY COMPILED FROM 535 ESTABLISHMENTS, THE PRODUCTION WEIGHTED CAPACITY UTILIZATION HAS BEEN DETERMINED TO BE 75.8 % IN NOVEMBER 1996. THE FIGURE WAS 79.4 % IN THE SAME MONTH OF PREVIOUS YEAR.

The reasons for inability to full capacity utilization are:


                                     November 1995         November 1996
                                  -------------------   ------------------

Insufficient local demand                % 47.1                % 41.7
Insufficient foreign demand              % 17.2                % 14.5
Financial problems                       %  2.5                %  2.6
Insufficient local raw material supply   %  2.3                %  2.0
Problems with labour                     %  2.7                %  2.5
Insufficient foreign raw material supply %  0.8                %  0.9

26.2 % of the establishments stated an increase while the 54.4 % stated a decrease of production in November 1996. The figures in November 1995 were 36.4 %, and 42.4 %, respectively.

30.3 % of the establishments expect an increase, while 33.8 % expect a decrease in production in December 1996. In December 1995, the expectations were 39.9 %, and 20.3 %, respectively.