In October 2009, stocks of finished products in the manufacturing industry were 12 percent down on one year previously. From March 2009 onwards, stocks have continually been lower than one year previously. The index (base year 2005=100) stood at 99.2 in October, the lowest level since November 2005.
Stocks of finished product manufacturing industry (volume)
The Business Sentiment Survey for the manufacturing industry provides a first indication of the future development of the index stocks of finished products. In this survey, manufacturers are invited to describe their current stocks of finished products as too large (negative), normal or too small (positive), in view of anticipated sales. These results are available two months prior to data on the stocks of finished products.
Opinions on stocks slightly more pessimistic
Manufacturers’ opinions on their stocks have deteriorated slightly in December. In November, just as many manufacturers thought their stocks were too large as too small. They are clearly more optimistic about the level of their stocks than at the beginning of this year, as fewer manufacturers believe they have too much in stock. This optimism coincides with the reduction in their stocks.
Assessment of stocks of finished product