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

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




Changes from previous quarter
Total volume of production	51.1	50.0	48.3	46.7	47.2
Average capacity utilisation	50.8	50.0	48.5	46.8	47.2
Average employment	49.6	48.8	45.3	41.3	39.2
New orders received from home markets	47.8	45.9	44.2	42.9	43.1
New orders received from export markets	49.4	46.3	43.7	42.1	42.8
Total stock of orders	48.8	45.2	43.2	42.6	42.8
Prices on products at home markets	53.8	52.8	50.9	49.5	50.1
Prices on products at export markets	52.3	51.9	49.8	48.5	48.9

Judgements of the current situation by end of quarter
Stocks of orders compared to current level of production	34.7	33.2	30.9	28.5	26.8
Inventories of own products ment for sale	49.6	50.4	50.3	50.0	49.8
Does the enterprise consider changes in the plans for gross capital investments	50.0	48.6	47.2	45.8	44.6
General judgement of the outlook for the enterprise in next quarter	51.7	48.6	45.4	43.4	42.6

Expected changes in next quarter
Total volume of production	53.5	50.9	48.7	46.9	45.3
Average capacity utilisation	53.5	51.5	49.5	46.9	44.4
Average employment	45.7	43.0	40.0	37.2	35.5
New orders received from home markets	50.7	48.6	46.0	44.2	43.7
New orders received from export markets	51.7	49.0	46.6	44.8	44.3
Total stock of orders	50.4	47.5	44.7	42.9	42.3
Prices on products at home markets	54.3	52.7	51.1	50.1	50.0
Prices on products at export markets	51.4	50.9	48.8	46.8	46.7

Composite indicators²
The utilisation of capacity at current level of production in per cent	80.1	79.3	78.5	77.5	76.8
Number of working months covered by stock of orders, weighted average	4.4	4.4	4.3	4.2	4.2
Indicator on resource shortage³	26.3	25.1	22.5	18.9	17.1
Demand and competition as limiting factors for production in current quarter, per cent	66	66	68	71	73
Confidence Indicator⁴	1	-2	-4	-8	-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.