Manufactures see inventories pile up

25/07/2011 09:30

In May 2011, manufacturers’ stocks of finished products were 9 percent up on May 2010. The growth rate was more substantial than in previous months. The index stocks of finished products (2005=100) stood at 104.8, i.e. more than 1 point above the April level.

Stocks of finished products in manufacturing industry (volume)

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 July, manufacturers’ opinions on their stocks deteriorated somewhat. With a balance of -7 percent, manufacturers considering their stocks as too large clearly outnumbered those evaluating their stocks as too small. This is the lowest figure in more than two years. Opinions on stocks of finished products deteriorated while the volume of stocks increased.

Opinions on stocks of finished products

Opinions on stocks of finished products