Table 6. Production of intermediate goods; tendencies. Diffusionindex, trend series (1,2)

Business Tendency Survey, 4. Qrt. 2012

6 Production of intermediate 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	46.1	49.8	52.5	54.6	55.8	57.7	58.1	55.3	53.5	54.3	53.0	50.4	47.2	45.0
Capacity utilization, average	46.7	51.1	53.6	55.1	55.9	57.1	57.3	55.0	52.8	52.4	51.4	49.8	47.0	45.3
Employment, average	37.1	41.2	44.6	47.7	50.5	53.2	54.2	52.6	50.3	50.0	50.9	50.1	47.2	44.6

New orders received from:
home markets	44.8	50.3	53.0	54.6	54.4	54.4	55.7	56.5	55.2	53.7	51.8	48.3	46.5	47.1
export markets	45.8	51.1	54.9	57.2	58.0	58.1	53.7	46.4	42.8	43.5	44.7	43.9	42.1	41.5
Total stock of orders	46.9	51.1	54.6	58.3	59.1	57.0	54.8	53.4	52.1	51.5	51.6	50.1	46.2	43.8

Producer prices at the:
home market	44.9	48.6	50.8	54.1	57.3	58.8	59.2	56.7	52.8	50.4	50.7	49.4	47.6	47.8
export market	45.9	48.0	50.3	55.2	58.0	58.5	57.2	52.1	46.4	43.3	42.1	41.2	40.3	39.9

EXPECTED CHANGES FOR NEXT QUARTER COMPARED TO CURRENT QUARTER

Total volume of production	52.1	55.4	58.9	61.0	62.7	62.4	60.4	59.2	57.0	54.9	56.1	56.6	56.5	56.7
Capacity utilization, average	50.9	55.9	58.1	59.1	61.0	62.1	60.5	57.6	54.4	53.0	53.8	53.9	55.1	56.4
Employment, average	38.7	43.3	47.0	48.8	51.3	53.2	52.7	51.2	49.7	48.1	47.2	46.1	45.8	46.0

New orders received from:
home markets	49.7	53.6	55.6	57.0	60.8	62.3	60.9	59.3	58.0	57.3	57.5	56.4	56.3	57.5
export markets	55.1	56.2	55.7	56.6	59.5	60.5	58.2	54.9	51.8	51.3	52.1	50.6	51.4	53.3
Total stock of orders	53.3	55.9	57.1	58.9	62.6	64.8	62.2	58.6	56.4	55.9	56.0	54.7	54.3	55.0

Producer prices at the:
home market	50.4	53.0	53.6	55.3	58.3	61.3	62.1	58.7	54.5	54.7	55.6	54.5	54.5	54.1
export market	48.7	52.4	54.2	55.7	57.0	58.7	58.4	54.5	48.9	46.2	46.1	45.9	47.2	48.0

JUDGEMENTS OF THE CURRENT SITUATION BY END OF QUARTER

Stocks of orders compared to current production	26.0	28.9	30.7	33.3	34.6	34.6	35.0	34.5	31.7	32.0	34.3	33.3	30.9	29.0
Inventories of raw materials	37.7	41.7	46.6	49.6	49.5	49.8	52.3	55.4	56.1	..	..	..	..	..
Inventories of own products	39.9	42.0	46.1	47.9	48.4	50.4	51.9	51.6	51.3	49.1	48.3	51.7	52.5	50.5
Inventories of raw materials etc. compared to current production	56.4	54.8	55.6	55.3	54.0	54.0	54.5	55.3	56.2	..	..	..	..	..

Inventories of own products compared to value of sales	54.4	52.5	52.4	52.7	52.6	51.4	51.5	54.9	59.7	..	..	..	..	..

Changes in plans for investment	43.1	46.4	47.8	49.2	51.1	52.4	52.5	51.9	50.8	50.1	49.8	49.0	48.4	49.1

General judgement of the outlooks for next quarter	52.3	55.8	58.2	59.3	61.1	62.8	61.9	58.4	54.9	52.7	51.9	51.8	54.1	56.6

The utilization of capacity at current level of production unadjusted series, per cent
65 - 80 per cent	31	30	28	25	23	26	29	25	21	24	25	24	25	26
80 - 95 prosent	33	34	32	33	36	36	37	40	44	43	44	44	42	43
Full capacity, above 95 per cent	15	11	17	25	25	18	18	24	22	16	15	20	22	14

Weigthed average, trend serie	74.9	76.5	77.7	78.8	79.5	80.0	80.7	81.1	80.8	80.7	80.9	80.8	80.4	80.0

Indicator on resource shortage	14.7	18.8	24.6	28.5	28.0	26.9	28.1	28.3	28.7	28.9	28.9	27.6	26.3	24.6

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