Date : 19 . 02 . 1997

MANUFACTURING INDUSTRY MONTHLY TENDENCY SURVEY
PRODUCTION, SALES, AND PRICES
IN JANUARY 1997 AND
EXPECTATIONS FOR FEBRUARY 1997


ACCORDING TO THE PROVISIONAL RESULTS OF MONTHLY MANUFACTURING INDUSTRY TENDENCY SURVEY COMPILED FROM 554 ESTABLISHMENTS, THE PRODUCTION WEIGHTED CAPACITY UTILIZATION HAS BEEN DETERMINED TO BE 79.0 % IN JANUARY 1997. THE FIGURE WAS 79.7 % IN THE SAME MONTH OF PREVIOUS YEAR.

The reasons for inability to full capacity utilization are:


                                     January 1996         January 1997
                                  -------------------   ------------------

Insufficient local demand                % 62.5                % 50.2
Insufficient foreign demand              % 12.8                % 14.0
Financial problems                       %  1.9                %  2.9
Insufficient local raw material supply   %  2.8                %  2.4
Problems with labour                     %  2.6                %  4.2
Insufficient foreign raw material supply %  2.6                %  1.5

28.4 % of the establishments stated an increase while the 52.5 % stated a decrease of production in January 1997. The figures in January 1996 were 35.5 %, and 39.1 %, respectively.

48.3 % of the establishments expect an increase, while 15.7 % expect a decrease in production in February 1997. In February 1996, the expectations were 24.8 %, and 44.6 %, respectively.