Business tendency survey for manufacturing, mining and quarrying, Q1 2017

Manufacturing, Mining and Quarrying. Judgements and composite indicators. Smoothed seasonally adjusted
	1st quarter 2016	2nd quarter 2016	3rd quarter 2016	4th quarter 2016	1st quarter 2017
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.
²Indicator 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.
³Industrial 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.
Diffusion indices¹
Stocks of orders compared to current level of production	28.2	29.2	30.7	31.6	31.8
Stocks of orders for export	38.8	37.7	36.6	36.5	37.6
Inventories of own products ment for sale	49.3	49.3	49.6	48.8	48.7
Does the enterprise consider changes in the plans for gross capital investments	46.2	48.0	49.5	50.5	51.3
General judgement of the outlook for the enterprise in next quarter	47.2	50.4	52.8	53.4	52.7

Composite indicators
The utilisation of capacity at current level of production in per cent	77.1	77.4	77.3	77.2	77.0
Number of working months covered by stock of orders, weighted average	4.1	4.0	3.9	4.0	4.0
Indicator on resource shortage²	16.2	17.1	17.6	17.8	17.7
Confidence Indicator³	-7	-1	-5	0	1

Additional information