Table 2. Manufacturing, Mining and Quarrying; judgements. Diffusionindex (1,2)

Business Tendency Survey, 4. Qrt. 2012

2 Manufacturing, Mining and Quarrying; judgements. Diffusionindex (1,2)
	3:09	4:09	1:10	2:10	3:10	4:10	1:11	2:11	3:11	4:11	1:12	2:12	3:12	4:12



Stocks of orders compared to current level of production
Unadjusted serie	27.6	26.1	26.6	29.2	31.9	31.6	34.2	38.2	32.4	32.4	33.8	35.8	34.1	30.8
Trend serie	26.9	27.3	27.3	28.3	30.7	33.4	34.8	34.8	34.1	34.2	34.5	34.2	33.2	32.4

Stocks of orders for export
Unadjusted serie	28.7	29.1	32.6	35.4	36.5	39.6	42.7	42.7	36.9	42.0	41.1	41.6	40.2	40.7

Inventories of raw materials, semi-finished products etc.
Unadjusted serie	41.6	39.2	46.8	48.8	48.3	45.0	54.1	55.3	52.1	..	..	..	..	..
Trend serie	41.9	42.4	44.6	47.2	48.4	49.4	51.4	52.9	53.1	..	..	..	..	..

Inventories of own products ment for sale
Unadjusted serie	40.2	43.3	47.9	50.0	45.4	47.2	54.2	52.8	49.2	48.3	51.6	53.1	50.3	49.4
Trend serie	43.0	43.8	45.6	47.0	47.8	49.0	50.9	51.8	51.3	50.1	49.8	51.3	52.2	52.1

Stocks of raw materials compared to current level of production
Unadjusted serie	58.3	56.8	56.4	55.9	53.9	54.4	55.0	54.6	56.3	..	..	..	..	..
Trend serie	58.8	56.9	56.1	55.4	54.7	54.4	54.4	54.9	55.6	..	..	..	..	..

Stocks of own products compared to the value of sales
Unadjusted serie	56.0	56.1	54.7	53.4	52.0	53.2	53.3	53.9	55.0	..	..	..	..	..
Trend serie	57.1	55.4	54.3	53.4	53.0	52.6	52.9	54.2	55.2	..	..	..	..	..

Does the enterprise consider changes in the plans for gross capital investments
Unadjusted serie	42.6	45.4	44.9	47.6	49.6	51.2	50.6	51.4	51.0	50.5	52.8	52.5	51.4	51.2
Trend serie	42.8	44.7	45.8	47.3	49.5	51.0	51.3	51.1	50.7	50.9	51.7	52.0	51.4	51.2

General judgement of the outlooks for the enterprise in next quarter
Unadjusted serie	46.9	44.8	59.4	57.3	57.4	55.6	65.6	59.1	54.5	51.0	61.7	57.2	54.9	49.4
Trend serie	47.6	50.5	53.6	56.1	59.0	61.0	60.1	57.5	56.3	56.2	56.2	56.0	55.7	55.4

The utilization of capacity at current level of production, unadjusted, per cent
Below 50 per cent	7	5	6	7	4	5	5	3	5	5	3	4	3	5
50 - 65 per cent	13	16	16	12	11	13	11	9	9	11	11	8	10	11
65 - 80 per cent	31	33	33	30	31	30	30	28	27	28	32	33	30	28
80 - 95 per cent	33	31	30	33	35	35	38	39	41	40	40	38	40	40
Full capacity, above 95 per cent	16	14	15	19	19	17	15	20	18	15	14	17	17	16

Weighted average, per cent Unadjusted serie	77.4	76.6	76.4	78.1	79.5	78.4	79.0	81.0	80.3	79.1	79.3	80.0	80.5	79.4
Trend serie	76.5	77.0	77.2	77.8	78.5	79.1	79.7	79.9	79.7	79.6	79.8	79.7	79.7	79.8

Number of working months covered by current stock of orders, per cent
Less than 1 month	38	40	36	34	32	34	33	30	33	38	36	34	35	36
2 - 3 months	30	28	29	30	33	30	29	29	30	27	28	28	28	29
4 - 6 months	12	13	13	13	13	13	15	19	14	13	14	15	15	14
7 - 12 months	8	9	11	11	9	9	9	8	7	11	11	11	9	8
More than 12 months	9	8	8	9	10	11	12	13	14	9	9	10	12	12

Weighted average, number of months Unadjusted serie	3.7	3.7	3.9	4.0	4.1	4.2	4.3	4.5	4.4	4.0	4.0	4.2	4.3	4.2
Trend serie	3.8	3.8	3.8	4.0	4.1	4.3	4.3	4.4	4.3	4.1	4.0	4.1	4.2	4.3

Indicator on resource shortage
Unadjusted serie	19.7	18.7	20.0	26.8	25.7	22.3	23.2	29.8	27.9	25.7	24.0	30.3	28.9	25.6
Trend serie	18.5	19.8	22.0	24.2	24.4	24.0	25.4	26.8	27.0	26.8	26.9	27.2	27.5	27.4

¹ Results within a stratum are estimated by attaching to each answer of an enterprise a weight equal to its employment. For the estimation of a stratum response distribution the weights for each response alternative are summed and the distribution computed by dividing each sum with the total sum of weights. For further aggregation the stratum results are given weights equal to population employment of the stratum. ² When interpreting the indices in this context one should be aware of that most questions in this part requests a judgement of the situation for the level of a variable or relations between the levels of two variables, and not a jugdement of the changes in the variable compared to the previous quarter.
Source: Statistics Norway