Date : 16 . 08 . 1996

QUARTERLY MANUFACTURING INDUSTRY TENDENCY SURVEY
PRODUCTION, SALES, AND PRICES
IN 1996 SECOND QUARTER (APRIL - MAY - JUNE)
EXPECTATIONS FOR THE SECOND QUARTER
(JULY - AUGUST - SEPTEMBER)


ACCORDING TO THE PROVISIONAL RESULTS OF QUARTERLY MANUFACTURING INDUSTRY TENDENCY SURVEY COMPILED FROM 1965 ESTABLISHMENTS, THE PRODUCTION WEIGHTED CAPACITY UTILIZATION HAS INCREASED TO 77.9 % IN THE SECOND QUARTER OF 1996. THE FIGURE WAS 79.4 % IN THE SAME QUARTER OF PREVIOUS YEAR.

The reasons for inability to full capacity utilization are:


                                    1995 2nd quarter     1996 2nd quarter
                                  -------------------   ------------------

Insufficient local demand                % 52.9               % 55.2
Insufficient foreign demand              % 14.3               % 14.1
Financial problems                       %  4.3               %  4.3
Insufficient local raw material supply   %  4.5               %  3.3
Insufficient foreign raw material supply %  1.9               %  1.8
Problems with labour                     %  2.8               %  2.7

65.4 % of the establishments stated an increased while the 19.6 % stated a decrease of production in the second quarter of 1996. The figures in the same quarter of the previous year were 67.9 %, and 16.5 %, respectively.

47.5 % of the establishments expect an increase, while 24.4 % expect a decrease in production in the third quarter of 1996. In the same quarter of 1995, the expectations were 59.1 %, and 14.2 %, respectively.

As for domestic sales,

58.9 % of the establishments stated an increased while the 26.0 % stated a decrease of production in the second quarter of 1996. The figures in the same quarter of the previous year were 60.3 %, and 25.7 %, respectively.

61.6 % of the establishments expect an increase, while 11.6 % expect a decrease in production in the third quarter of 1996. The expectations in previous year were 60.3 %, and 14.7 %, respectively.