The Industrial Outlook Survey conducted during May-June 2013, provides qualitative assessment of business situation of companies in the Indian manufacturing sector for Q1:2013-14 and their expectations for the ensuing quarter Q2:2013-14. The survey elicited response from 1,321 manufacturing companies.
Highlights:
-
The assessment of major demand side parameters, as measured by net responses of the companies indicates that sentiments on production, order books, capacity utilisation and exports dropped substantially in Q1:2013-14, whereas the sentiments on imports remained broadly unchanged. The demand condition outlook for Q2:2013-14, however, shows slightly improved optimism.
-
The optimism on overall financial situation which dropped for Q1:2013-14, shows some upturn for Q2: 2013-14.
-
Cost of external finance is perceived to rise, though by a lower proportion of respondents as compared to a quarter and a year ago.
-
Majority of the respondents reported no change in the levels of raw material and finished goods inventories in both, the assessment and expectation quarters.
-
Though cost of raw material is expected to rise at a lower rate, the expectation for rise in selling price in Q2: 2013-14 dropped marginally.
-
The net response on profit margin continued to remain in the negative terrain but showed some improvement for Q2: 2013-14.
-
The Business Expectation Index (BEI), a measure that gives a single snapshot of the industrial outlook, dropped significantly by 4.4 points for Q1: 2013-14, touching the lowest point in last three financial years. For Q2: 2013-14, however, it improved marginally by 1.1 points. While BEI continued to remain in the growth terrain, the index capturing assessment almost reached the threshold level of 100, which separates expansion from contraction.
Table 1: Assessment and Expectations for Production |
(Percentage responses) # |
Survey Quarter |
Total response |
Assessment for Current Quarter |
Expectation for Next Quarter |
Increase |
Decrease |
No change |
Net response |
Increase |
Decrease |
No change |
Net response |
Q1: 2012-13 |
1404 |
38.8 |
18.5 |
42.7 |
20.3 |
45.4 |
10.6 |
44.0 |
34.7 |
Q2: 2012-13 |
1561 |
37.9 |
19.2 |
42.9 |
18.8 |
45.4 |
11.7 |
42.9 |
33.6 |
Q3: 2012-13 |
1388 |
37.5 |
18.8 |
43.7 |
18.6 |
46.1 |
10.4 |
43.4 |
35.7 |
Q4: 2012-13 |
1301 |
36.8 |
18.2 |
45.0 |
18.6 |
46.3 |
9.2 |
44.4 |
37.1 |
Q1:2013-14 |
1321 |
32.0 |
22.2 |
45.7 |
9.8 |
38.3 |
13.8 |
47.9 |
24.4 |
Q2:2013-14 |
|
|
|
|
|
40.6 |
12.1 |
47.3 |
28.5 |
‘Increase’ in production is optimistic.
# : Due to rounding off percentage may not add up to 100. This is applicable for all the tables from 1 to 16. |
Table 2: Assessment and Expectations for Order books |
(Percentage responses) |
Survey Quarter |
Total response |
Assessment for Current Quarter |
Expectation for Next Quarter |
Increase |
Decrease |
No change |
Net response |
Increase |
Decrease |
No change |
Net response |
Q1: 2012-13 |
1404 |
34.2 |
17.3 |
48.5 |
16.9 |
39.3 |
9.8 |
50.9 |
29.5 |
Q2: 2012-13 |
1561 |
31.9 |
19.8 |
48.3 |
12.0 |
41.0 |
11.1 |
47.9 |
29.9 |
Q3: 2012-13 |
1388 |
32.0 |
19.2 |
48.8 |
12.9 |
41.2 |
10.9 |
48.0 |
30.3 |
Q4: 2012-13 |
1301 |
32.7 |
18.6 |
48.7 |
14.0 |
40.0 |
10.2 |
49.8 |
29.8 |
Q1:2013-14 |
1321 |
30.5 |
20.9 |
48.6 |
9.7 |
35.5 |
13.2 |
51.2 |
22.3 |
Q2:2013-14 |
|
|
|
|
|
36.8 |
11.5 |
51.8 |
25.3 |
‘Increase’ in order books is optimistic. |
Table 3: Assessment and Expectations for Pending Orders |
(Percentage responses) |
Survey Quarter |
Total response |
Assessment for Current Quarter |
Expectation for Next Quarter |
Below Normal |
Above Normal |
Normal |
Net response |
Below Normal |
Above Normal |
Normal |
Net response |
Q1: 2012-13 |
1404 |
17.0 |
5.7 |
77.3 |
11.3 |
13.3 |
4.6 |
82.1 |
8.8 |
Q2: 2012-13 |
1561 |
18.7 |
5.6 |
75.7 |
13.1 |
14.6 |
6.2 |
79.2 |
8.4 |
Q3: 2012-13 |
1388 |
18.8 |
4.4 |
76.8 |
14.3 |
14.4 |
7.0 |
78.6 |
7.4 |
Q4: 2012-13 |
1301 |
19.3 |
4.7 |
75.9 |
14.6 |
14.6 |
4.5 |
80.9 |
10.1 |
Q1:2013-14 |
1321 |
19.9 |
3.6 |
76.5 |
16.3 |
16.9 |
5.3 |
77.7 |
11.6 |
Q2:2013-14 |
|
|
|
|
|
15.9 |
4.4 |
79.6 |
11.5 |
Pending orders ‘Below Normal’ is optimistic. |
Table 4: Assessment and Expectations for Capacity Utilisation |
(Percentage responses) |
Parameter |
Options |
Assessment for Quarter |
Expectation for Quarter |
Q2:2012-13 |
Q3:2012-13 |
Q4:2012-13 |
Q1:2013-14 |
Q3:2012-13 |
Q4:2012-13 |
Q1:2013-14 |
Q2:2013-14 |
Capacity Utilisation (CU)-(main product) |
Increase |
24.0 |
23.3 |
23.7 |
22.6 |
30.4 |
31.1 |
24.9 |
27.5 |
No Change |
58.3 |
59.0 |
60.5 |
57.1 |
59.3 |
59.6 |
62.0 |
60.9 |
Decrease |
17.7 |
17.6 |
15.9 |
20.3 |
10.3 |
9.3 |
13.1 |
11.6 |
Net Response |
6.3 |
5.7 |
7.8 |
2.3 |
20.0 |
21.7 |
11.7 |
15.9 |
Level of CU (compared to the average in last 4 quarters) |
Above normal |
9.7 |
9.1 |
10.0 |
8.7 |
10.3 |
10.7 |
10.5 |
9.8 |
Normal |
71.3 |
70.9 |
71.3 |
71.0 |
77.4 |
76.6 |
74.5 |
76.2 |
Below Normal |
18.9 |
20.0 |
18.7 |
20.3 |
12.3 |
12.7 |
15.0 |
13.9 |
Net Response |
-9.2 |
-10.8 |
-8.7 |
-11.6 |
-2.0 |
-2.1 |
-4.4 |
-4.1 |
Assessment of Prod. Capacity (with regard to expected demand in next 6 months) |
More than adequate |
13.1 |
14.2 |
13.4 |
14.6 |
13.0 |
13.0 |
13.7 |
13.7 |
Adequate |
79.0 |
77.5 |
77.4 |
76.4 |
80.5 |
79.6 |
78.4 |
78.4 |
Less than adequate |
7.9 |
8.3 |
9.2 |
9.0 |
6.4 |
7.4 |
7.9 |
7.9 |
Net Response |
5.2 |
5.9 |
4.2 |
5.7 |
6.6 |
5.6 |
5.7 |
5.8 |
‘Increase’ in capacity utilisation is optimistic. |
Table 5: Assessment and Expectations for Exports |
(Percentage responses) |
Survey Quarter |
Total response |
Assessment for Current Quarter |
Expectation for Next Quarter |
Increase |
Decrease |
No change |
Net response |
Increase |
Decrease |
No change |
Net response |
Q1: 2012-13 |
1404 |
25.7 |
14.9 |
59.4 |
10.8 |
30.1 |
9.4 |
60.5 |
20.7 |
Q2: 2012-13 |
1561 |
25.3 |
15.2 |
59.5 |
10.0 |
31.0 |
10.5 |
58.5 |
20.5 |
Q3: 2012-13 |
1388 |
24.3 |
15.0 |
60.6 |
9.3 |
29.0 |
10.9 |
60.1 |
18.0 |
Q4: 2012-13 |
1301 |
25.9 |
15.0 |
59.1 |
10.8 |
28.5 |
10.1 |
61.4 |
18.4 |
Q1:2013-14 |
1321 |
23.8 |
15.2 |
61.0 |
8.6 |
27.1 |
10.4 |
62.5 |
16.7 |
Q2:2013-14 |
|
|
|
|
|
28.6 |
10.0 |
61.5 |
18.7 |
‘Increase’ in exports is optimistic. |
Table 6: Assessment and Expectations for Import |
(Percentage responses) |
Survey Quarter |
Total response |
Assessment for Current Quarter |
Expectation for Next Quarter |
Increase |
Decrease |
No change |
Net response |
Increase |
Decrease |
No change |
Net response |
Q1: 2012-13 |
1404 |
21.8 |
10.1 |
68.1 |
11.6 |
22.4 |
6.7 |
70.8 |
15.7 |
Q2: 2012-13 |
1561 |
20.7 |
10.9 |
68.5 |
9.8 |
22.9 |
7.4 |
69.7 |
15.5 |
Q3: 2012-13 |
1388 |
19.0 |
10.2 |
70.7 |
8.8 |
22.1 |
8.1 |
69.8 |
14.0 |
Q4: 2012-13 |
1301 |
19.8 |
11.5 |
68.8 |
8.3 |
20.9 |
7.4 |
71.7 |
13.5 |
Q1:2013-14 |
1321 |
18.7 |
10.7 |
70.6 |
8.0 |
20.4 |
8.5 |
71.1 |
11.9 |
Q2:2013-14 |
|
|
|
|
|
19.9 |
8.7 |
71.4 |
11.2 |
‘Increase’ in imports is optimistic. |
Table 7: Assessment and Expectations for level of Inventory (Raw material and Finished goods) |
(Percentage responses) |
Parameter |
Options |
Assessment for Quarter |
Expectations for Quarter |
Q2:2012-13 |
Q3:2012-13 |
Q4:2012-13 |
Q1:2013-14 |
Q3:2012-13 |
Q4:2012-13 |
Q1:2013-14 |
Q2:2013-14 |
Inventory of raw material |
Below average |
6.9 |
7.6 |
7.9 |
8.0 |
5.1 |
5.5 |
6.3 |
6.3 |
Average |
80.9 |
79.8 |
79.8 |
78.7 |
85.2 |
83.9 |
84.2 |
83.6 |
Above average |
12.3 |
12.6 |
12.2 |
13.3 |
9.7 |
10.6 |
9.5 |
10.2 |
Net Response |
-5.4 |
-5.0 |
-4.3 |
-5.3 |
-4.7 |
-5.1 |
-3.3 |
-3.9 |
Inventory of Finished goods |
Below average |
7.0 |
7.0 |
7.4 |
8.1 |
6.1 |
7.0 |
6.3 |
7.0 |
Average |
78.5 |
78.0 |
76.5 |
77.3 |
83.9 |
83.1 |
83.1 |
82.7 |
Above average |
14.5 |
15.0 |
16.1 |
14.7 |
10.0 |
9.9 |
10.6 |
10.3 |
Net Response |
-7.4 |
-8.0 |
-8.7 |
-6.6 |
-4.0 |
-3.0 |
-4.3 |
-3.3 |
Inventory of raw material and finished goods ‘Below average’ is optimistic. |
Table 8: Assessment and Expectations for Employment Outlook |
(Percentage responses) |
Survey Quarter |
Total response |
Assessment for Current Quarter |
Expectation for Next Quarter |
Increase |
Decrease |
No change |
Net response |
Increase |
Decrease |
No change |
Net response |
Q1: 2012-13 |
1404 |
19.8 |
9.7 |
70.5 |
10.0 |
19.9 |
5.2 |
74.9 |
14.6 |
Q2: 2012-13 |
1561 |
17.9 |
9.6 |
72.5 |
8.3 |
20.5 |
8.3 |
71.2 |
12.3 |
Q3: 2012-13 |
1388 |
16.4 |
9.7 |
73.9 |
6.7 |
19.2 |
5.9 |
74.9 |
13.3 |
Q4: 2012-13 |
1301 |
15.3 |
9.8 |
74.9 |
5.5 |
17.2 |
6.9 |
75.8 |
10.3 |
Q1:2013-14 |
1321 |
14.4 |
11.2 |
74.4 |
3.2 |
16.0 |
8.0 |
76.1 |
8.0 |
| |
|
|
|
|
|
16.0 |
8.4 |
75.6 |
7.7 |
‘Increase’ in employment is optimistic. |
Table 9: Assessment and Expectations for Overall Financial Situation |
(Percentage responses) |
Survey Quarter |
Total response |
Assessment for Current Quarter |
Expectation for Next Quarter |
Better |
Worsen |
No change |
Net response |
Better |
Worsen |
No change |
Net response |
Q1: 2012-13 |
1404 |
27.8 |
13.5 |
58.7 |
14.2 |
35.7 |
8.1 |
56.2 |
27.7 |
Q2: 2012-13 |
1561 |
27.1 |
14.9 |
58.0 |
12.2 |
33.2 |
9.5 |
57.3 |
23.6 |
Q3: 2012-13 |
1388 |
26.4 |
13.7 |
59.9 |
12.7 |
34.8 |
9.0 |
56.2 |
25.8 |
Q4: 2012-13 |
1301 |
26.9 |
15.1 |
58.0 |
11.8 |
34.9 |
7.9 |
57.2 |
27.0 |
Q1:2013-14 |
1321 |
23.3 |
13.8 |
63.0 |
9.5 |
31.5 |
9.6 |
58.9 |
21.9 |
Q2:2013-14 |
|
|
|
|
|
33.2 |
9.1 |
57.7 |
24.1 |
‘Better’ overall financial situation is optimistic. |
Table 10: Assessment and Expectations for Working Capital Finance Requirement |
(Percentage responses) |
Survey Quarter |
Total response |
Assessment for Current Quarter |
Expectation for Next Quarter |
Increase |
Decrease |
No change |
Net response |
Increase |
Decrease |
No change |
Net response |
Q1: 2012-13 |
1404 |
36.6 |
6.1 |
57.3 |
30.4 |
36.2 |
4.3 |
59.6 |
31.9 |
Q2: 2012-13 |
1561 |
37.5 |
6.8 |
55.8 |
30.7 |
34.9 |
4.8 |
60.3 |
30.1 |
Q3: 2012-13 |
1388 |
35.0 |
5.7 |
59.4 |
29.3 |
37.3 |
4.4 |
58.3 |
32.9 |
Q4: 2012-13 |
1301 |
35.2 |
6.3 |
58.5 |
29.0 |
35.8 |
3.8 |
60.5 |
32.0 |
Q1:2013-14 |
1321 |
32.1 |
7.3 |
60.5 |
24.8 |
33.0 |
6.5 |
60.4 |
26.5 |
Q2:2013-14 |
|
|
|
|
|
31.0 |
6.5 |
62.5 |
24.5 |
‘Increase’ in working capital finance is optimistic. |
Table 11: Assessment and Expectations for Availability of Finance |
(Percentage responses) |
Parameter |
Options |
Assessment |
Expectations |
Q4:2012-13 |
Q1:2013-14 |
Q1:2013-14 |
Q2:2013-14 |
Availability of finance (from internal accruals)* |
Improve |
23.3 |
21.2 |
25.6 |
24.6 |
No Change |
65.6 |
68.4 |
67.4 |
67.9 |
Worsen |
11.1 |
10.4 |
7.0 |
7.4 |
Net Response |
12.1 |
10.8 |
18.7 |
17.2 |
Availability of Finance(from banks and other sources)* |
Improve |
18.3 |
18.8 |
18.7 |
20.0 |
No Change |
76.8 |
74.4 |
77.9 |
75.2 |
Worsen |
4.9 |
6.7 |
3.4 |
4.8 |
Net Response |
13.4 |
12.1 |
15.3 |
15.2 |
Availability of Finance (from overseas, if applicable)* |
Improve |
9.6 |
10.1 |
11.0 |
11.6 |
No Change |
84.2 |
84.7 |
84.4 |
83.7 |
Worsen |
6.2 |
5.2 |
4.6 |
4.6 |
Net Response |
3.4 |
5.0 |
6.3 |
7.0 |
‘Improvement’ in availability of finance is optimistic.
*: These questions are newly added by splitting the question on Availability of Finance (both internal and external
sources) in the 61st Round (Jan-March 2013) |
Table 12: Assessment and Expectations for Cost of External Finance |
(Percentage responses) |
Survey Quarter |
Total response |
Assessment for Current Quarter |
Expectation for Next Quarter |
Decrease |
Increase |
No change |
Net response |
Decrease |
Increase |
No change |
Net response |
Q1: 2012-13 |
1404 |
7.3 |
37.8 |
54.9 |
-30.5 |
9.9 |
32.6 |
57.6 |
-22.7 |
Q2: 2012-13 |
1561 |
5.8 |
33.1 |
61.1 |
-27.4 |
8.6 |
32.6 |
58.9 |
-24.0 |
Q3: 2012-13 |
1388 |
5.8 |
30.3 |
63.9 |
-24.4 |
7.6 |
28.1 |
64.3 |
-20.6 |
Q4: 2012-13 |
1301 |
9.5 |
27.0 |
63.5 |
-17.6 |
7.5 |
25.5 |
67.0 |
-18.1 |
Q1:2013-14 |
1321 |
10.1 |
24.6 |
65.3 |
-14.5 |
9.7 |
24.0 |
66.3 |
-14.3 |
Q2:2013-14 |
|
|
|
|
|
9.1 |
21.5 |
69.5 |
-12.4 |
‘Decrease’ in cost of external finance is optimistic. |
Table 13: Assessment and Expectations for Cost of Raw Material |
(Percentage responses) |
Survey Quarter |
Total response |
Assessment for Current Quarter |
Expectation for Next Quarter |
Decrease |
Increase |
No change |
Net response |
Decrease |
Increase |
No change |
Net response |
Q1: 2012-13 |
1404 |
3.1 |
66.2 |
30.7 |
-63.1 |
2.2 |
51.2 |
46.5 |
-49.0 |
Q2: 2012-13 |
1561 |
3.0 |
62.6 |
34.4 |
-59.6 |
3.5 |
54.9 |
41.6 |
-51.4 |
Q3: 2012-13 |
1388 |
5.4 |
56.2 |
38.4 |
-50.7 |
3.5 |
52.1 |
44.3 |
-48.6 |
Q4: 2012-13 |
1301 |
4.3 |
57.8 |
37.9 |
-53.5 |
3.3 |
48.3 |
48.3 |
-45.0 |
Q1:2013-14 |
1321 |
4.6 |
54.5 |
40.9 |
-49.9 |
3.6 |
49.2 |
47.1 |
-45.6 |
Q2:2013-14 |
|
|
|
|
|
3.5 |
46.9 |
49.6 |
-43.4 |
‘Decrease’ in cost of raw material is optimistic. |
Table 14: Assessment and Expectations for Selling Price |
(Percentage responses) |
Survey Quarter |
Total response |
Assessment for Current Quarter |
Expectation for Next Quarter |
Increase |
Decrease |
No change |
Net response |
Increase |
Decrease |
No change |
Net response |
Q1: 2012-13 |
1404 |
28.0 |
10.5 |
61.4 |
17.5 |
26.3 |
7.3 |
66.4 |
19.0 |
Q2: 2012-13 |
1561 |
29.3 |
10.9 |
59.8 |
18.5 |
27.8 |
9.0 |
63.2 |
18.8 |
Q3: 2012-13 |
1388 |
22.5 |
12.3 |
65.1 |
10.2 |
25.6 |
8.3 |
66.1 |
17.3 |
Q4: 2012-13 |
1301 |
22.3 |
13.2 |
64.5 |
9.1 |
22.8 |
7.0 |
70.2 |
15.8 |
Q1:2013-14 |
1321 |
21.4 |
14.1 |
64.5 |
7.3 |
23.1 |
8.1 |
68.8 |
14.9 |
Q2:2013-14 |
|
|
|
|
|
21.2 |
9.1 |
69.7 |
12.1 |
‘Increase’ in selling price is optimistic. |
Table 15: Assessment and Expectations for Profit Margin |
(Percentage responses) |
Survey Quarter |
Total response |
Assessment for Current Quarter |
Expectation for Next Quarter |
Increase |
Decrease |
No change |
Net response |
Increase |
Decrease |
No change |
Net response |
Q1: 2012-13 |
1404 |
15.4 |
33.3 |
51.3 |
-17.9 |
20.4 |
21.6 |
58.0 |
-1.2 |
Q2: 2012-13 |
1561 |
16.2 |
31.2 |
52.6 |
-15.1 |
20.1 |
23.6 |
56.3 |
-3.6 |
Q3: 2012-13 |
1388 |
14.5 |
31.2 |
54.2 |
-16.7 |
20.5 |
21.8 |
57.7 |
-1.3 |
Q4: 2012-13 |
1301 |
16.2 |
31.5 |
52.3 |
-15.3 |
18.8 |
20.8 |
60.4 |
-2.0 |
Q1:2013-14 |
1321 |
13.5 |
31.9 |
54.6 |
-18.4 |
17.7 |
22.7 |
59.6 |
-4.9 |
Q2:2013-14 |
|
|
|
|
|
18.6 |
22.3 |
59.1 |
-3.7 |
‘Increase’ in profit margin is optimistic. |
Table 16: Assessment and Expectations for Overall Business Situation |
(Percentage responses) |
Survey Quarter |
Total response |
Assessment for Current Quarter |
Expectation for Next Quarter |
Better |
Worsen |
No change |
Net response |
Better |
Worsen |
No change |
Net response |
Q1: 2012-13 |
1404 |
32.9 |
14.6 |
52.5 |
18.3 |
43.0 |
8.1 |
49.0 |
34.9 |
Q2: 2012-13 |
1561 |
32.8 |
16.7 |
50.5 |
16.1 |
40.2 |
9.7 |
50.1 |
30.6 |
Q3: 2012-13 |
1388 |
32.3 |
15.0 |
52.7 |
17.2 |
41.4 |
9.2 |
49.4 |
32.2 |
Q4: 2012-13 |
1301 |
32.8 |
14.4 |
52.8 |
18.4 |
44.8 |
7.2 |
48.0 |
37.5 |
Q1:2013-14 |
1321 |
29.3 |
16.5 |
54.2 |
12.8 |
39.3 |
9.7 |
51.1 |
29.6 |
Q2:2013-14 |
|
|
|
|
|
39.2 |
9.2 |
51.6 |
30.0 |
‘Better’ Overall Business Situation is optimistic. |
Table 17: Business Expectation Index (BEI) |
Quarter |
BEI-Assessment
Quarter |
BEI-Expectation Quarter |
Q4: 2011-12 |
114.9 |
117.2 |
Q1: 2012-13 |
107.4 |
116.8 |
Q2: 2012-13 |
103.8 |
114.0 |
Q3: 2012-13 |
104.5 |
115.7 |
Q4: 2012-13 |
105.6 |
115.6 |
Q1:2013-14 |
101.2 |
111.6 |
Q2: 2013-14 |
|
112.7 |
Table18: Outlook for important business parameters according to Industries |
(Net response in per cent) |
| |
Production |
Order books |
Cost of raw material |
Cost of finance |
Profit Margin |
| |
Rd61 |
Rd62 |
Rd61 |
Rd62 |
Rd61 |
Rd62 |
Rd61 |
Rd62 |
Rd61 |
Rd62 |
Food products |
20.9 |
23.5 |
29.9 |
11.5 |
-43.9 |
-61.1 |
-18.1 |
-17.6 |
5.6 |
0.9 |
Textiles |
26.8 |
36.2 |
23.3 |
34.0 |
-51.8 |
-42.0 |
-16.0 |
-12.1 |
-9.0 |
-2.5 |
Basic Metals & Metal products |
8.9 |
19.9 |
5.3 |
16.8 |
-37.5 |
-36.4 |
-11.5 |
-15.3 |
-13.9 |
-11.5 |
Electrical machinery |
12.5 |
34.7 |
14.7 |
33.8 |
-45.1 |
-45.1 |
-16.7 |
-13.2 |
-11.5 |
-7.2 |
Other Machinery(Non-electrical machinery) & Apparatus |
20.2 |
24.2 |
28.0 |
19.3 |
-50.8 |
-40.3 |
-18.1 |
-10.0 |
-5.4 |
-9.7 |
Transport Equipment |
9.5 |
24.1 |
12.3 |
23.7 |
-37.3 |
-29.9 |
-5.1 |
-2.7 |
-13.3 |
-8.8 |
Fertilizers |
28.6 |
29.6 |
33.3 |
33.3 |
-35.7 |
-21.4 |
-18.5 |
-7.4 |
-10.7 |
18.5 |
Pharmaceuticals & Medicines |
48.1 |
53.8 |
42.5 |
44.0 |
-49.4 |
-48.8 |
-5.1 |
-15.0 |
9.4 |
4.8 |
Basic Chemicals |
42.6 |
46.9 |
29.1 |
37.0 |
-46.9 |
-45.7 |
-19.4 |
-18.2 |
9.4 |
4.9 |
Rubber & Plastic products |
41.3 |
31.0 |
31.6 |
32.7 |
-50.0 |
-57.1 |
-6.5 |
-9.3 |
0.0 |
5.3 |
Paper & Paper products |
21.2 |
40.0 |
18.8 |
30.8 |
-60.6 |
-48.3 |
-25.8 |
-14.3 |
-9.1 |
-13.3 |
Cement |
45.8 |
4.0 |
9.5 |
-5.3 |
-48.0 |
-52.0 |
-16.7 |
-8.7 |
-4.0 |
-28.0 |
Wood & wood products |
0.0 |
25.0 |
-7.1 |
25.0 |
-58.8 |
-60.0 |
-12.5 |
-44.4 |
11.8 |
0.0 |
Diversified companies |
30.3 |
19.3 |
32.5 |
21.5 |
-40.2 |
-35.9 |
-19.8 |
-9.4 |
-8.0 |
-3.5 |
Other industries |
22.8 |
19.8 |
16.3 |
20.0 |
-43.0 |
-49.5 |
-10.5 |
-11.8 |
-8.7 |
-3.2 |
All Industries |
24.4 |
28.5 |
22.3 |
25.3 |
-45.6 |
-43.4 |
-14.3 |
-12.4 |
-4.9 |
-3.7 |
Table19: Outlook for important business parameters according to size (Paid-Up-Capital-wise and Annual production-wise) of responding companies |
(Net response in per cent) |
| |
Production |
Order books |
Cost of raw material |
Cost of finance |
Profit Margin |
Rd61 |
Rd62 |
Rd61 |
Rd62 |
Rd61 |
Rd62 |
Rd61 |
Rd62 |
Rd61 |
Rd62 |
Paid-Up-Capital-Wise |
Small |
22.4 |
27.8 |
15.5 |
17.7 |
-48.4 |
-47.6 |
-14.3 |
-15.7 |
-11.8 |
-10.9 |
Medium |
25.0 |
28.2 |
23.1 |
26.9 |
-45.4 |
-42.8 |
-15.0 |
-12.8 |
-3.7 |
-3.4 |
Big |
23.0 |
33.8 |
31.1 |
25.0 |
-39.7 |
-40.0 |
-5.6 |
0.0 |
0.0 |
10.7 |
Annual Production.-Wise |
Small |
24.6 |
29.1 |
18.6 |
22.4 |
-51.1 |
-47.3 |
-13.5 |
-13.8 |
-10.4 |
-11.0 |
Medium |
23.4 |
29.4 |
23.0 |
27.7 |
-42.9 |
-42.7 |
-16.9 |
-12.7 |
-1.9 |
1.8 |
Big |
27.4 |
23.3 |
31.5 |
25.3 |
-37.9 |
-34.9 |
-8.2 |
-7.7 |
1.7 |
-2.3 |
Table 20: Constraints for attaining the normal production level: Industry-wise |
Industry group |
Production constraints |
No |
%of No |
Yes |
%of Yes |
Count |
Count |
Food products |
54 |
46.2 |
63 |
53.8 |
Textiles |
62 |
36.5 |
108 |
63.5 |
Basic Metals & Metal products |
49 |
32.7 |
101 |
67.3 |
Electrical machinery |
33 |
45.2 |
40 |
54.8 |
Other Machinery & Apparatus |
68 |
53.1 |
60 |
46.9 |
Transport Equipment |
32 |
39.5 |
49 |
60.5 |
Fertilizers |
17 |
58.6 |
12 |
41.4 |
Pharmaceuticals & Medicines |
54 |
63.5 |
31 |
36.5 |
Basic Chemicals |
45 |
54.2 |
38 |
45.8 |
Rubber & Plastic products |
25 |
43.1 |
33 |
56.9 |
Paper & Paper products |
18 |
56.3 |
14 |
43.8 |
Cement |
12 |
48.0 |
13 |
52.0 |
Wood & wood products |
7 |
58.3 |
5 |
41.7 |
Diversified companies |
92 |
51.4 |
87 |
48.6 |
Other industries |
47 |
47.5 |
52 |
52.5 |
All industries |
615 |
46.6 |
706 |
53.4 |
|