Table 8. Production of consumer goods; tendencies. Diffusionindex, trend series (1, 2)

Business Tendency Survey, 4. Qrt. 2012

8 Production of consumer goods; tendencies. Diffusionindex, trend series (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



TENDENCIES IN CURRENT QUARTER COMPARED TO PREVIOUS QUARTER

Total volume of production	50.0	54.1	55.6	53.4	52.2	53.2	55.7	58.4	58.3	55.7	53.1	51.5	51.5	52.8
Capacity utilization, average	51.1	55.0	56.2	53.5	53.1	55.4	57.5	58.9	58.2	55.5	53.0	52.2	52.8	53.6
Employment, average	45.8	49.8	49.5	47.5	47.2	49.5	51.5	51.5	51.3	51.4	51.0	50.2	49.2	48.1

New orders received from:
home markets	50.5	53.4	53.1	51.0	51.5	54.2	56.2	58.2	58.4	56.3	53.8	51.1	51.5	55.7
export markets	47.6	50.3	51.2	52.8	55.2	56.8	55.8	51.9	49.4	49.7	51.5	53.0	51.9	50.3
Total stock of orders	48.9	51.5	52.8	53.4	54.1	55.0	56.5	58.1	57.9	56.0	52.7	50.4	50.7	52.3

Producer prices at the:
home market	53.2	51.9	51.3	51.5	53.1	55.9	58.0	58.7	57.9	56.6	56.2	56.8	57.8	58.5
export market	50.2	48.9	50.9	54.2	55.0	56.0	57.1	56.1	54.3	53.2	52.1	51.8	52.0	51.5

EXPECTED CHANGES FOR NEXT QUARTER COMPARED TO CURRENT QUARTER

Total volume of production	54.3	57.3	58.3	59.1	61.2	61.2	57.3	53.6	54.0	56.4	59.2	59.7	57.5	56.3
Capacity utilization, average	53.9	56.3	57.3	58.6	60.0	59.2	55.5	52.2	53.0	56.0	58.2	58.5	57.3	56.7
Employment, average	45.5	47.8	48.4	48.6	51.6	52.1	50.0	49.1	47.9	46.9	48.6	49.4	48.3	48.9

New orders received from:
home markets	54.0	55.9	56.8	58.0	59.7	58.9	55.5	52.7	54.0	56.6	58.6	58.7	57.2	56.1
export markets	53.7	55.4	55.7	57.0	57.2	55.5	51.9	49.5	50.9	53.8	55.6	55.3	53.8	53.2
Total stock of orders	52.6	52.9	53.9	56.2	60.0	60.4	56.2	52.3	53.1	56.8	59.6	59.2	55.8	54.2

Producer prices at the:
home market	53.0	52.2	53.2	54.3	55.3	57.9	59.9	59.7	58.6	58.2	57.7	57.8	58.4	58.5
export market	49.3	48.8	50.0	50.9	52.5	55.7	57.2	55.0	52.3	51.5	51.4	52.8	54.0	53.3

JUDGEMENTS OF THE CURRENT SITUATION BY END OF QUARTER

Stocks of orders compared to current production	32.0	33.5	34.0	33.5	35.0	37.3	38.8	38.0	37.3	36.9	36.1	35.6	34.5	33.2
Inventories of raw materials	45.9	45.6	46.4	48.0	48.7	49.2	50.9	51.8	50.8	..	..	..	..	..
Inventories of own products	47.5	48.0	49.5	50.4	50.5	51.2	52.3	52.9	51.9	50.0	49.3	50.4	52.1	53.2
Inventories of raw materials etc. compared to current production	58.8	57.6	56.3	55.7	55.4	55.0	55.3	56.0	56.0	..	..	..	..	..

Inventories of own products compared to value of sales	58.8	57.0	55.0	54.0	53.8	53.8	54.5	54.9	54.6	..	..	..	..	..

Changes in plans for investment	44.9	46.5	47.6	48.3	49.3	49.9	49.5	49.3	48.9	49.4	50.9	51.9	51.8	51.8

General judgement of the outlooks for next quarter	53.2	56.2	57.8	58.7	59.9	58.9	55.6	52.9	53.5	56.5	58.4	58.1	56.4	55.1

The utilization of capacity at current level of production unadjusted series, per cent
65 - 80 per cent	39	39	47	42	44	37	36	39	36	33	41	45	43	36
80 - 95 prosent	34	29	28	34	36	37	40	34	38	37	37	33	33	33
Full capacity, above 95 per cent	6	10	6	7	5	10	6	8	7	10	4	6	7	11

Weigthed average, trend serie	74.5	75.1	75.3	75.7	76.1	76.8	77.0	76.3	75.7	75.7	75.9	76.0	76.1	76.1

Indicator on resource shortage	12.0	13.8	14.1	13.2	12.7	14.3	16.1	16.2	16.6	16.8	16.4	16.9	16.9	16.2

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 For the interpretation of the results - see notes 2 and 3 in tab 1, and note 2 in tab 2.
Source: Statistics Norway