Table

Manufacturing. Selected indicators
	3rd quarter 2017	4th quarter 2017

	3rd quarter 2017	4th quarter 2017


Confidence Indicator. Seasonally adjusted.¹	3.2	6.4

Changes from previous quarter²
Total volume of production	50.6	50.9
Average employment	49.8	50.6
New orders received from home markets	51.6	52.8
New orders received from export markets	50.5	50.6

Expected changes in next quarter. Diffusion indices²
Total volume of production	55.9	57.8
Average employment	49.9	51.6
New orders received from home markets	56.2	58.1
New orders received from export markets	54.7	56.5

¹Industrial 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.
²A diffusion index is compiled using the estimated percentages on "ups" and "same" according to the formula: (ups + 0,5 * same). The diffusion index has a turning point at 50. An index value above 50 indicates growth in the variable, and opposite for a value below 50. The diffusion index is presented as smoothed seasonally adjusted figures.