In April 2011, manufacturers’ stocks of finished products were nearly 8 percent up on April 2010. April was the fourth month in a row in which stocks of finished products were up on one year previously. The index stocks of finished products (2005=100) stood at 103.3, i.e. 1 point above the March level.
Stocks of finished products in manufacturing industry (volume)
Sustained pessimism about stocks
The Business Sentiment Survey for the Manufacturing Industry provides a first indication for further development of the index stocks of finished products. In this survey, manufacturers are invited to define their current stocks of finished products as too large (negative), normal, or too small (positive) in relation to projected sales. These results are available two months earlier than data on stocks of finished products.
In June, manufacturers’ opinions on their stocks deteriorated somewhat. With -6 percent, manufacturers considering their stocks as too large clearly outnumbered those evaluating their stocks as too small. This is the lowest figure in the last two years. Opinions on stocks of finished products deteriorated in the first six months of 2011 while the volume of stocks increased.