In July 2011, manufacturers’ stocks of finished products were nearly 12 percent up on July 2010. Growth was more substantial than in the preceding months. In May and June, manufacturing stocks were 10 percent larger than twelve months previously. The index stocks of finished products (2005=100) stood at 107.0 in July, versus 106.3 in June.
Stocks of finished products in manufacturing industry (volume)
Manufacturers’ opinions about their stocks improve further
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.
Manufacturers’ opinions on their stocks improved further in September. Yet, manufacturers evaluating their stocks as too large still outnumbered those evaluating their stocks as too small. The balance of positive and negative answers was -4, versus -6 in August. In July, the figure had reached the lowest level in more than two years (-7).