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Manufacturing. Tendencies, judgements and composite indicators. Diffusion index. Smoothed seasonally adjusted¹
	2nd quarter 2014	3rd quarter 2014	4th quarter 2014	1st quarter 2015	2nd quarter 2015

	2nd quarter 2014	3rd quarter 2014	4th quarter 2014	1st quarter 2015	2nd quarter 2015




Changes from previous quarter
Total volume of production	53.4	51.2	50.0	48.4	46.2
Average capacity utilisation	52.6	50.9	50.0	48.6	46.5
Average employment	49.8	49.5	48.7	45.4	41.4
New orders received from home markets	50.0	47.9	45.7	43.2	40.9
New orders received from export markets	52.7	49.5	46.4	43.7	41.5
Total stock of orders	52.3	48.9	45.6	43.0	39.8
Prices on products at home markets	54.9	54.0	53.1	51.0	48.8
Prices on products at export markets	52.5	52.5	52.1	49.9	47.7

Judgements of the current situation by end of quarter
Stocks of orders compared to current level of production	35.5	34.6	33.1	30.9	28.7
Inventories of own products ment for sale	48.9	49.6	50.4	50.0	48.8
Does the enterprise consider changes in the plans for gross capital investments	50.9	49.9	48.6	47.2	46.2
General judgement of the outlook for the enterprise in next quarter	53.5	51.8	48.6	45.4	43.4

Expected changes in next quarter
Total volume of production	55.7	53.4	50.8	48.7	47.3
Average capacity utilisation	54.8	53.3	51.3	49.5	47.8
Average employment	47.6	45.7	43.0	40.0	37.2
New orders received from home markets	52.6	51.1	48.7	45.9	43.5
New orders received from export markets	53.2	51.7	49.0	46.6	45.1
Total stock of orders	52.4	50.4	47.5	44.8	43.2
Prices on products at home markets	56.1	54.5	52.7	50.5	48.8
Prices on products at export markets	51.2	51.4	50.8	48.8	47.0

Composite indicators²
The utilisation of capacity at current level of production in per cent	80.6	80.0	79.2	78.4	77.8
Number of working months covered by stock of orders, weighted average	4.5	4.4	4.4	4.3	4.2
Indicator on resource shortage³	27.7	26.0	24.9	22.8	20.2
Demand and competition as limiting factors for production in current quarter, per cent	65	66	66	68	71
Confidence Indicator⁴	7	1	-2	-4	-8

¹A diffusion index is compiled using the estimated percentages on "ups" and "same" according to the formula: (ups + 0,5 * same) after adjustments for non-response.
²Composite indicators are not precented as diffusionindices, but in per cent, number of months and balance
³Indicator on resource shortage is the sum of percentages for those who have pointed out that lack of qualified labour and raw materials/electric power limits production, plus the percentage of establishments with capacity utilisation above 95 per cent. See also table 10.
⁴Industrial confidence indicator is the average of the answers (balances) to the questions on production expectations, total stock of orders and inventories of own products ment for sale (the latter with inverted sign). The indicator is presented as seasonally adjusted balance. See also table 9.