Signs of improvement despite reduced stocks

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Compared with the first quarter of 2016, total stocks in the order-based industry fell by 19 per cent in the first quarter of 2017. Total stocks are now showing signs of levelling out. New orders were up 21 per cent in the same period.

Figure 1. New orders received and stock of orders. Unadjusted. 2005=100

Stock of orders New orders received
Q1-2011 148.4 134.4
Q2-2011 165.6 169.9
Q3-2011 176.6 143.1
Q4-2011 169.2 128.9
Q1-2012 168.2 128.0
Q2-2012 188.9 157.6
Q3-2012 188.4 112.7
Q4-2012 195.6 137.2
Q1-2013 198.0 133.3
Q2-2013 206.2 141.4
Q3-2013 205.2 114.3
Q4-2013 214.2 141.0
Q1-2014 211.0 136.2
Q2-2014 229.3 145.6
Q3-2014 220.3 109.7
Q4-2014 221.5 130.5
Q1-2015 214.7 121.0
Q2-2015 205.4 121.5
Q3-2015 197.5 98.9
Q4-2015 189.5 110.0
Q1-2016 175.3 94.9
Q2-2016 151.9 101.5
Q3-2016 146.4 101.1
Q4-2016 141.3 107.0
Q1-2017 141.9 115.0

The total stocks were down 19 per cent from the first quarter of 2016 to the first quarter of 2017 in the order-based industry. Both the domestic and export market were down. The biggest fall was within the export market with a fall of 26 per cent.

Figure 2. Stock of orders. Contribution by industry for rate of change in manufacturing.¹ 1 quarter 2017/1 quarter 2016

Stock of orders Stock of orders
Repair, installation of machinery -0.7
Transport equipment n.e.c 0.1
Ships, boats and oil platforms -2.9
Machinery and equipment -15.5
Computer and electrical equipment 0.1
Fabricated metal products -1.1
Basic metals 0.7
Chemical and pharmaceutical products 0.0
Paper and paper products 0.0
Textiles and wearing apparel 0.2
Manufacturing working on orders -19.1

New orders were up by 21 per cent in the same period. The domestic market was up by 41 per cent and the export market was up 7.1 per cent.

Figure 3. New orders received. Contribution by industry for rate of change in manufacturing.¹ 1 quarter 2017/1 quarter 2016

Nrew orders received Nrew orders received
Repair, installation of machinery 1.7
Transport equipment n.e.c 0.4
Ships, boats and oil platforms 11.8
Machinery and equipment 1.1
Computer and electrical equipment -1.0
Fabricated metal products 2.3
Basic metals 5.2
Chemical and pharmaceutical products -0.8
Paper and paper products 0.3
Textiles and wearing apparel 0.2
Manufacturing working on orders 21.2

 

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