Date : 20 . 11 . 1996

QUARTERLY MANUFACTURING INDUSTRY TENDENCY SURVEY
PRODUCTION, SALES, AND PRICES
IN 1996 THIRD QUARTER (JULY - AUGUST - SEPTEMBER)
EXPECTATIONS FOR THE FOURTH QUARTER
(OCTOBER - NOVEMBER - DECEMBER)


ACCORDING TO THE PROVISIONAL RESULTS OF QUARTERLY MANUFACTURING INDUSTRY TENDENCY SURVEY COMPILED FROM 2018 ESTABLISHMENTS, THE PRODUCTION WEIGHTED CAPACITY UTILIZATION HAS INCREASED TO 78.3 % IN THE THIRD QUARTER OF 1996. THE FIGURE WAS 79.8 % IN THE SAME QUARTER OF PREVIOUS YEAR.

The reasons for inability to full capacity utilization are:


                                    1995 3rd quarter     1996 3rd quarter
                                  -------------------   ------------------

Insufficient local demand                % 51.9               % 46.9
Insufficient foreign demand              % 15.5               % 17.4
Financial problems                       %  4.5               %  4.6
Insufficient local raw material supply   %  4.8               %  2.7
Insufficient foreign raw material supply %  3.1               %  1.0
Problems with labour                     %  4.1               %  2.6

48.8 % of the establishments stated an increased while the 32.5 % stated a decrease of production in the third quarter of 1996. The figures in the same quarter of the previous year were 63.0 %, and 22.3 %, respectively.

59.2 % of the establishments expect an increase, while 16.3 % expect a decrease in production in the fourth quarter of 1996. In the same quarter of 1995, the expectations were 46.9 %, and 27.3 %, respectively.

As for domestic sales,

63.9 % of the establishments stated an increased while the 18.7 % stated a decrease of production in the third quarter of 1996. The figures in the same quarter of the previous year were 68.2 %, and 19.0 %, respectively.

49.0 % of the establishments expect an increase, while 24.7 % expect a decrease in production in the fourth quarter of 1996. The expectations in previous year were 46.7 %, and 27.6 %, respectively.