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Capacity
Utilization of the Manufacturing Sector
Since
1990, the manufacturing sector has expanded annually at an
average of 13.3 percent. A survey of 1994 capacity utilization
covering 40 types of manufacturing industry (representing about
39 percent of total manufacturing activity), indicates an upward
trend in capacity utilization from 76.1 percent to 78.7 percent
of full capacity. The increase reflects production expansion to
meet the increase in domestic demand and exports.
Comparing
the current situation with the situation in 1990, when the rate
of capacity utilization reached 84 percent, and the cement
industry operated at 100 percent capacity, this year's high
level of capacity utilization is not expected to exert
significant pressure on domestic prices, provided economic
growth in 1995 does not exceed the projected 8.5 percent.
Consumer goods, steel products, vehicles, plastic pellets and
electrical appliances still have excess capacity due to recent
investment expansion. |
