आज रिज़र्व बैंक ने जनवरी-मार्च 2019 में औद्योगिक आउटलुक सर्वेक्षण (आइओएस) के 85वें चक्र के परिणाण जारी किए। इस सर्वेक्षण में क्यू4-2018-19 के लिए भारत के विनिर्माण क्षेत्र में कंपनियों द्वारा कारोबारी परिदृश्य के गुणात्मक मूल्यांकन और क्यू1-2019-201 के लिए उनकी प्रत्याशाओं को कैपचर किया गया है। सर्वेक्षण के इस चक्र में 1,258 कंपनियों से प्रत्युत्तर प्राप्त किए गए।
विशेष:
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2018-19 की चौथी तिमाही में उत्तरदाताओँ द्वारा मांग की परिस्थितियों का किया गया मूल्यांकन सामान्यतया पिछली तिमाही के जैसा ही था बस फर्क इतना था कि उत्पादन, रोज़गार और निर्यातों को लेकर उनकी भावनाओं में मामूली सुधार दिखा जो आयात को लेकर उनकी आशावादिता में क्षरण के चलते उदासीन ही रहा जबकि ऑर्डर बुक्स में कोई परिवर्तन परिलक्षित नहीं हुआ।
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समग्र वित्तीय स्थिति के संबंध में उत्तरदाताओं की भावनाएं बिल्कुल बदली हुई थीं, जो आंतरिक निधियों से मिलनेवाले वित्त की उपलब्धता की वजह से थी; तथापि बैंकों से वित्त की उपलब्धता की सुलभता को लेकर उत्तरदाताओं में आशावादिता में कमी पाई गई।
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लागत दबाव, जिसमें वित्त की लागत, कच्ची सामग्री की लागत भी सम्मिलित है, और वेतन व्यय में कमी के कारण विनिर्माताओं, जो घटते लाभ मार्जिन के कारण दबाव से गुज़र रहे थे, को थोड़ी राहत मिली।
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भारतीय विनिर्माण क्षेत्र में समग्र कारोबारी भावनाओं में आशावादिता पाई गई, जैसा कि कारोबार मूल्यांकन सूचकांक (बीएएफ)2 में दर्शाया गया है, जो क्यू4:2018-19 में 107.2 पर था।
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क्यू1;2019-20 के लिए प्रत्याशाओं का जहाँ तक संबंध है, उत्तरदाताओं में मांग के परिदृश्य को लेकर मामूली आशावादिता पाई गई, जबकि. रोजगार के अवसरों के बारे में उनकी प्रतिक्रिया अस्पष्ट थी।
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आंतरिक वित्त की सहज उपलब्धता की प्रत्याशाओं को लेकर समग्र वित्त स्थिति की भावनाओं में सुधार दिखा.
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स्टाफ की लागत में भारी वृद्धि की संभावलाओं को देखते हुए विनिर्माताओं ने 2019-20 की पहली तिमाही में लाभ मार्जिन में दबी-दबी आशावादिता की अऴिव्यक्ति की.
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कारोबार प्रत्याशा सूचकांक, जो क्यू4;2018-19 में 116.2 पर था, क्यू1; 2019-20 में घटकर 113.5 हो गया था.
Summary Table
Net responses3 |
| (per cent) |
| Parameters |
Assessment period |
Expectations period |
| Q3:2018-19 |
Q4:2018-19 |
Q4:2018-19 |
Q1:2019-20 |
| Production |
24.9 |
25.3 |
36.3 |
32.8 |
| Order Books |
19.5 |
19.5 |
32.5 |
29.9 |
| Pending Orders |
8.6 |
9.2 |
3.6 |
4.3 |
| Capacity Utilisation |
12.6 |
12.8 |
23.8 |
19.6 |
| Exports |
12.1 |
13.0 |
19.8 |
17.7 |
| Imports |
11.6 |
10.9 |
15.7 |
13.0 |
| Employment |
9.4 |
9.8 |
12.2 |
12.3 |
| Financial Situation (Overall) |
16.5 |
17.8 |
28.7 |
29.3 |
| Availability of Finance (from internal accruals) |
10.8 |
15.3 |
19.2 |
20.5 |
| Availability of Finance (from banks and other sources) |
11.2 |
10.8 |
16.0 |
14.2 |
| Availability of Finance (from overseas, if applicable) |
2.9 |
4.7 |
6.0 |
6.0 |
| Cost of Finance |
-19.5 |
-15.7 |
-17.5 |
-14.4 |
| Cost of Raw Materials |
-49.2 |
-41.9 |
-38.6 |
-33.7 |
| Salary/ Other Remuneration |
-28.2 |
-26.7 |
-21.4 |
-32.9 |
| Selling Price |
6.2 |
4.4 |
12.3 |
11.0 |
| Profit Margin |
-11.7 |
-9.3 |
2.0 |
0.8 |
| Overall Business Situation |
24.6 |
22.4 |
36.7 |
36.9 |
| Note: Please see the excel file for time series data |
| Table 1: Assessment and Expectations for Production |
| (Percentage responses)@ |
| Quarter |
Total response |
Assessment |
Expectations |
| Increase |
Decrease |
No change |
Net response# |
Increase |
Decrease |
No change |
Net response |
| Q4:2017-18 |
1,250 |
40.7 |
13.4 |
45.9 |
27.3 |
42.5 |
8.4 |
49.7 |
34.1 |
| Q1:2018-19 |
1,207 |
39.4 |
14.0 |
46.6 |
25.4 |
40.4 |
11.0 |
48.6 |
29.5 |
| Q2:2018-19 |
1,095 |
39.2 |
13.1 |
47.7 |
26.0 |
43.0 |
9.8 |
47.2 |
33.2 |
| Q3:2018-19 |
1,267 |
38.2 |
13.3 |
48.5 |
24.9 |
41.6 |
9.0 |
49.4 |
32.5 |
| Q4:2018-19 |
1,258 |
40.2 |
14.9 |
44.9 |
25.3 |
43.5 |
7.2 |
49.3 |
36.3 |
| Q1:2019-20 |
|
|
|
|
|
42.1 |
9.3 |
48.5 |
32.8 |
‘Increase’ in production is optimistic.
@:Due to rounding off percentage may not add up to 100. |
| Table 2: Assessment and Expectations for Order Books |
| (Percentage responses) |
| Quarter |
Total response |
Assessment |
Expectations |
| Increase |
Decrease |
No change |
Net response |
Increase |
Decrease |
No change |
Net response |
| Q4:2017-18 |
1,250 |
38.9 |
14.4 |
46.7 |
24.5 |
40.5 |
10.2 |
49.3 |
30.3 |
| Q1:2018-19 |
1,207 |
36.2 |
13.5 |
50.3 |
22.7 |
38.8 |
10.4 |
50.8 |
28.4 |
| Q2:2018-19 |
1,095 |
37.3 |
12.8 |
49.9 |
24.5 |
38.4 |
10.8 |
50.8 |
27.7 |
| Q3:2018-19 |
1,267 |
35.3 |
15.8 |
48.9 |
19.5 |
38.6 |
9.6 |
51.8 |
28.9 |
| Q4:2018-19 |
1,258 |
35.3 |
15.9 |
48.8 |
19.5 |
41.0 |
8.5 |
50.5 |
32.5 |
| Q1:2019-20 |
|
|
|
|
|
38.5 |
8.6 |
52.8 |
29.9 |
| ‘Increase’ in order books is optimistic. Footnote ‘@’ given in Table 1 is applicable here. |
| Table 3: Assessment and Expectations for Pending Orders |
| (Percentage responses) |
| Quarter |
Total response |
Assessment |
Expectations |
| Above Normal |
Below Normal |
Normal |
Net response |
Above Normal |
Below Normal |
Normal |
Net response |
| Q4:2017-18 |
1,250 |
4.5 |
14.8 |
80.7 |
10.3 |
6.8 |
12.5 |
80.7 |
5.7 |
| Q1:2018-19 |
1,207 |
5.1 |
12.4 |
82.4 |
7.3 |
4.9 |
12.6 |
82.5 |
7.6 |
| Q2:2018-19 |
1,095 |
7.2 |
13.2 |
79.7 |
6.0 |
6.3 |
10.7 |
83.0 |
4.4 |
| Q3:2018-19 |
1,267 |
4.7 |
13.2 |
82.1 |
8.6 |
7.4 |
11.0 |
81.6 |
3.6 |
| Q4:2018-19 |
1,258 |
5.1 |
14.3 |
80.6 |
9.2 |
6.3 |
9.9 |
83.8 |
3.6 |
| Q1:2019-20 |
|
|
|
|
|
6.1 |
10.4 |
83.5 |
4.3 |
| Pending orders ‘Below Normal’ is optimistic. Footnote ‘@’ given in Table 1 is applicable here. |
| Table 4: Assessment and Expectations for Capacity Utilisation (Main Product) |
| (Percentage responses) |
| Quarter |
Total response |
Assessment |
Expectations |
| Increase |
Decrease |
No change |
Net response |
Increase |
Decrease |
No change |
Net response |
| Q4:2017-18 |
1,250 |
27.4 |
12.6 |
60.0 |
14.8 |
28.4 |
8.9 |
62.7 |
19.5 |
| Q1:2018-19 |
1,207 |
24.5 |
12.5 |
63.0 |
12.0 |
27.8 |
9.8 |
62.4 |
17.9 |
| Q2:2018-19 |
1,095 |
24.4 |
11.9 |
63.6 |
12.5 |
29.3 |
7.7 |
63.0 |
21.6 |
| Q3:2018-19 |
1,267 |
24.9 |
12.3 |
62.8 |
12.6 |
28.3 |
7.3 |
64.4 |
21.0 |
| Q4:2018-19 |
1,258 |
26.2 |
13.3 |
60.5 |
12.8 |
30.3 |
6.5 |
63.1 |
23.8 |
| Q1:2019-20 |
|
|
|
|
|
27.2 |
7.7 |
65.1 |
19.6 |
| ‘Increase’ in capacity utilisation is optimistic. Footnote ‘@’ given in Table 1 is applicable here. |
| Table 5: Assessment and Expectations for Level of CU (compared to the average in last 4 quarters) |
| (Percentage responses) |
| Quarter |
Total response |
Assessment |
Expectations |
| Above Normal |
Below Normal |
Normal |
Net response |
Above Normal |
Below Normal |
Normal |
Net response |
| Q4:2017-18 |
1,250 |
12.6 |
13.5 |
73.9 |
-0.9 |
13.0 |
10.7 |
76.3 |
2.3 |
| Q1:2018-19 |
1,207 |
11.0 |
12.9 |
76.1 |
-2.0 |
13.0 |
10.6 |
76.5 |
2.4 |
| Q2:2018-19 |
1,095 |
11.7 |
12.3 |
76.0 |
-0.6 |
11.8 |
9.3 |
78.9 |
2.5 |
| Q3:2018-19 |
1,267 |
10.1 |
12.9 |
76.9 |
-2.8 |
12.5 |
9.1 |
78.4 |
3.4 |
| Q4:2018-19 |
1,258 |
11.6 |
13.0 |
75.3 |
-1.4 |
12.7 |
8.6 |
78.7 |
4.1 |
| Q1:2019-20 |
|
|
|
|
|
12.2 |
8.2 |
79.6 |
4.0 |
| ‘Above Normal’ in Level of capacity utilisation is optimistic. Footnote ‘@’ given in Table 1 is applicable here. |
| Table 6: Assessment and Expectations for Assessment of Production Capacity (with regard to expected demand in next 6 months) |
| (Percentage responses) |
| Quarter |
Total response |
Assessment |
Expectations |
| More than adequate |
Less than adequate |
Adequate |
Net response |
More than adequate |
Less than adequate |
Adequate |
Net response |
| Q4:2017-18 |
1,250 |
12.2 |
6.3 |
81.5 |
5.9 |
12.9 |
6.9 |
80.2 |
6.0 |
| Q1:2018-19 |
1,207 |
10.5 |
6.6 |
82.9 |
3.9 |
13.0 |
6.0 |
81.0 |
7.0 |
| Q2:2018-19 |
1,095 |
11.2 |
7.2 |
81.6 |
4.0 |
11.3 |
6.0 |
82.7 |
5.2 |
| Q3:2018-19 |
1,267 |
10.3 |
7.2 |
82.5 |
3.0 |
11.9 |
6.3 |
81.8 |
5.6 |
| Q4:2018-19 |
1,258 |
11.2 |
7.4 |
81.4 |
3.8 |
10.6 |
6.1 |
83.3 |
4.5 |
| Q1:2019-20 |
|
|
|
|
|
12.2 |
6.2 |
81.6 |
6.0 |
| ‘More than adequate’ in Assessment of Production Capacity is optimistic. Footnote ‘@’ given in Table 1 is applicable here. |
| Table 7: Assessment and Expectations for Exports |
| (Percentage responses) |
| Quarter |
Total response |
Assessment |
Expectations |
| Increase |
Decrease |
No change |
Net response |
Increase |
Decrease |
No change |
Net response |
| Q4:2017-18 |
1,250 |
26.3 |
13.8 |
59.9 |
12.5 |
25.4 |
8.8 |
65.8 |
16.6 |
| Q1:2018-19 |
1,207 |
23.6 |
14.5 |
61.8 |
9.1 |
28.4 |
9.8 |
61.8 |
18.6 |
| Q2:2018-19 |
1,095 |
23.7 |
13.1 |
63.2 |
10.7 |
27.8 |
9.2 |
63.0 |
18.5 |
| Q3:2018-19 |
1,267 |
25.1 |
13.0 |
61.9 |
12.1 |
26.1 |
10.2 |
63.7 |
15.9 |
| Q4:2018-19 |
1,258 |
25.0 |
12.0 |
63.0 |
13.0 |
27.8 |
8.0 |
64.2 |
19.8 |
| Q1:2019-20 |
|
|
|
|
|
25.7 |
8.0 |
66.2 |
17.7 |
| ‘Increase’ in exports is optimistic. Footnote ‘@’ given in Table 1 is applicable here. |
| Table 8: Assessment and Expectations for Imports |
| (Percentage responses) |
| Quarter |
Total response |
Assessment |
Expectations |
| Increase |
Decrease |
No change |
Net response |
Increase |
Decrease |
No change |
Net response |
| Q4:2017-18 |
1,250 |
19.8 |
8.7 |
71.5 |
11.0 |
19.7 |
6.2 |
74.1 |
13.5 |
| Q1:2018-19 |
1,207 |
19.6 |
8.4 |
72.0 |
11.2 |
19.6 |
5.8 |
74.7 |
13.8 |
| Q2:2018-19 |
1,095 |
18.3 |
8.6 |
73.1 |
9.8 |
19.1 |
5.8 |
75.1 |
13.3 |
| Q3:2018-19 |
1,267 |
20.1 |
8.5 |
71.4 |
11.6 |
19.3 |
7.1 |
73.6 |
12.2 |
| Q4:2018-19 |
1,258 |
19.7 |
8.7 |
71.6 |
10.9 |
21.0 |
5.3 |
73.7 |
15.7 |
| Q1:2019-20 |
|
|
|
|
|
19.2 |
6.2 |
74.6 |
13.0 |
| ‘Increase’ in imports is optimistic. Footnote ‘@’ given in Table 1 is applicable here. |
| Table 9: Assessment and Expectations for level of Raw Materials Inventory |
| (Percentage responses) |
| Quarter |
Total response |
Assessment |
Expectations |
| Above average |
Below average |
Average |
Net response |
Above average |
Below average |
Average |
Net response |
| Q4:2017-18 |
1,250 |
14.0 |
5.9 |
80.2 |
-8.1 |
11.5 |
6.0 |
82.5 |
-5.5 |
| Q1:2018-19 |
1,207 |
14.6 |
4.9 |
80.5 |
-9.6 |
10.8 |
5.7 |
83.5 |
-5.2 |
| Q2:2018-19 |
1,095 |
14.3 |
6.1 |
79.6 |
-8.2 |
11.0 |
5.2 |
83.7 |
-5.8 |
| Q3:2018-19 |
1,267 |
14.3 |
4.6 |
81.0 |
-9.7 |
11.3 |
4.6 |
84.1 |
-6.7 |
| Q4:2018-19 |
1,258 |
14.9 |
5.5 |
79.6 |
-9.5 |
12.1 |
4.2 |
83.8 |
-7.9 |
| Q1:2019-20 |
|
|
|
|
|
12.0 |
3.7 |
84.3 |
-8.3 |
| ‘Below average’ Inventory of raw materials is optimistic. Footnote ‘@’ given in Table 1 is applicable here. |
| Table 10: Assessment and Expectations for level of Finished Goods Inventory |
| (Percentage responses) |
| Quarter |
Total response |
Assessment |
Expectations |
| Above average |
Below average |
Average |
Net response |
Above average |
Below average |
Average |
Net response |
| Q4:2017-18 |
1,250 |
13.3 |
6.5 |
80.2 |
-6.8 |
10.9 |
6.5 |
82.6 |
-4.4 |
| Q1:2018-19 |
1,207 |
12.0 |
6.3 |
81.7 |
-5.7 |
10.4 |
5.8 |
83.9 |
-4.6 |
| Q2:2018-19 |
1,095 |
13.3 |
6.5 |
80.2 |
-6.9 |
9.9 |
5.0 |
85.1 |
-4.8 |
| Q3:2018-19 |
1,267 |
15.0 |
4.9 |
80.1 |
-10.0 |
10.8 |
5.2 |
83.9 |
-5.6 |
| Q4:2018-19 |
1,258 |
14.4 |
6.5 |
79.1 |
-7.9 |
11.1 |
4.6 |
84.3 |
-6.5 |
| Q1:2019-20 |
|
|
|
|
|
10.5 |
4.9 |
84.6 |
-5.6 |
| ‘Below average’ Inventory of finished goods is optimistic. Footnote ‘@’ given in Table 1 is applicable here. |
| Table 11: Assessment and Expectations for Employment Outlook |
| (Percentage responses) |
| Quarter |
Total response |
Assessment |
Expectations |
| Increase |
Decrease |
No change |
Net response |
Increase |
Decrease |
No change |
Net response |
| Q4:2017-18 |
1,250 |
17.5 |
8.1 |
74.4 |
9.4 |
17.0 |
5.3 |
77.7 |
11.7 |
| Q1:2018-19 |
1,207 |
18.1 |
7.2 |
74.6 |
10.9 |
17.7 |
6.6 |
75.7 |
11.1 |
| Q2:2018-19 |
1,095 |
16.2 |
7.8 |
76.1 |
8.4 |
17.6 |
4.7 |
77.7 |
12.9 |
| Q3:2018-19 |
1,267 |
16.1 |
6.7 |
77.1 |
9.4 |
17.1 |
4.2 |
78.7 |
12.9 |
| Q4:2018-19 |
1,258 |
16.7 |
6.9 |
76.5 |
9.8 |
17.0 |
4.8 |
78.2 |
12.2 |
| Q1:2019-20 |
|
|
|
|
|
17.1 |
4.8 |
78.1 |
12.3 |
| ‘Increase’ in employment is optimistic. Footnote ‘@’ given in Table 1 is applicable here. |
| Table 12: Assessment and Expectations for Overall Financial Situation |
| (Percentage responses) |
| Quarter |
Total response |
Assessment |
Expectations |
| Better |
Worsen |
No change |
Net response |
Better |
Worsen |
No change |
Net response |
| Q4:2017-18 |
1,250 |
31.9 |
9.5 |
58.6 |
22.4 |
35.2 |
6.6 |
58.2 |
28.6 |
| Q1:2018-19 |
1,207 |
31.0 |
10.3 |
58.7 |
20.7 |
34.5 |
6.5 |
59.0 |
28.0 |
| Q2:2018-19 |
1,095 |
30.0 |
11.3 |
58.7 |
18.6 |
35.1 |
7.2 |
57.6 |
27.9 |
| Q3:2018-19 |
1,267 |
28.5 |
11.9 |
59.6 |
16.5 |
34.4 |
7.5 |
58.0 |
26.9 |
| Q4:2018-19 |
1,258 |
29.3 |
11.4 |
59.3 |
17.8 |
35.2 |
6.5 |
58.3 |
28.7 |
| Q1:2019-20 |
|
|
|
|
|
35.0 |
5.7 |
59.3 |
29.3 |
| ‘Better’ overall financial situation is optimistic. Footnote ‘@’ given in Table 1 is applicable here. |
| Table 13: Assessment and Expectations for Working Capital Finance Requirement |
| (Percentage responses) |
| Quarter |
Total response |
Assessment |
Expectations |
| Increase |
Decrease |
No change |
Net response |
Increase |
Decrease |
No change |
Net response |
| Q4:2017-18 |
1,250 |
35.5 |
5.3 |
59.2 |
30.1 |
32.4 |
3.6 |
64.0 |
28.8 |
| Q1:2018-19 |
1,207 |
32.4 |
4.8 |
62.8 |
27.7 |
30.8 |
5.3 |
63.9 |
25.4 |
| Q2:2018-19 |
1,095 |
30.4 |
5.5 |
64.2 |
24.9 |
30.8 |
4.5 |
64.7 |
26.3 |
| Q3:2018-19 |
1,267 |
30.5 |
5.6 |
63.9 |
24.9 |
30.6 |
4.0 |
65.4 |
26.6 |
| Q4:2018-19 |
1,258 |
30.8 |
4.6 |
64.6 |
26.2 |
29.9 |
4.4 |
65.7 |
25.6 |
| Q1:2019-20 |
|
|
|
|
|
29.6 |
4.1 |
66.3 |
25.6 |
| ‘Increase’ in working capital finance is optimistic. Footnote ‘@’ given in Table 1 is applicable here. |
| Table 14: Assessment and Expectations for Availability of Finance (from Internal Accruals) |
| (Percentage responses) |
| Quarter |
Total response |
Assessment |
Expectations |
| Improve |
Worsen |
No change |
Net response |
Improve |
Worsen |
No change |
Net response |
| Q4:2017-18 |
1,250 |
23.7 |
8.9 |
67.4 |
14.7 |
26.6 |
5.2 |
68.2 |
21.4 |
| Q1:2018-19 |
1,207 |
24.2 |
8.2 |
67.5 |
16.0 |
25.1 |
6.9 |
67.9 |
18.2 |
| Q2:2018-19 |
1,095 |
24.3 |
10.2 |
65.5 |
14.1 |
25.1 |
6.5 |
68.3 |
18.6 |
| Q3:2018-19 |
1,267 |
21.2 |
10.4 |
68.4 |
10.8 |
24.9 |
6.7 |
68.3 |
18.2 |
| Q4:2018-19 |
1,258 |
22.8 |
7.5 |
69.6 |
15.3 |
25.4 |
6.2 |
68.4 |
19.2 |
| Q1:2019-20 |
|
|
|
|
|
25.5 |
5.0 |
69.5 |
20.5 |
| ‘Improvement’ in availability of finance is optimistic. Footnote ‘@’ given in Table 1 is applicable here. |
| Table 15: Assessment and Expectations for Availability of Finance (from banks and other sources) |
| (Percentage responses) |
| Quarter |
Total response |
Assessment |
Expectations |
| Improve |
Worsen |
No change |
Net response |
Improve |
Worsen |
No change |
Net response |
| Q4:2017-18 |
1,250 |
18.8 |
7.0 |
74.2 |
11.9 |
20.9 |
4.4 |
74.7 |
16.5 |
| Q1:2018-19 |
1,207 |
19.0 |
7.3 |
73.7 |
11.7 |
20.9 |
6.4 |
72.7 |
14.6 |
| Q2:2018-19 |
1,095 |
18.7 |
6.4 |
74.9 |
12.2 |
19.9 |
5.6 |
74.4 |
14.3 |
| Q3:2018-19 |
1,267 |
17.2 |
6.0 |
76.8 |
11.2 |
19.0 |
5.9 |
75.1 |
13.1 |
| Q4:2018-19 |
1,258 |
17.8 |
7.0 |
75.2 |
10.8 |
20.1 |
4.1 |
75.8 |
16.0 |
| Q1:2019-20 |
|
|
|
|
|
19.3 |
5.0 |
75.7 |
14.2 |
| ‘Improvement’ in availability of finance is optimistic. Footnote ‘@’ given in Table 1 is applicable here. |
| Table 16: Assessment and Expectations for Availability of Finance (from overseas, if applicable) |
| (Percentage responses) |
| Quarter |
Total response |
Assessment |
Expectations |
| Improve |
Worsen |
No change |
Net response |
Improve |
Worsen |
No change |
Net response |
| Q4:2017-18 |
1,250 |
8.0 |
4.6 |
87.4 |
3.4 |
9.2 |
2.6 |
88.2 |
6.6 |
| Q1:2018-19 |
1,207 |
7.1 |
5.7 |
87.1 |
1.4 |
8.6 |
4.3 |
87.1 |
4.3 |
| Q2:2018-19 |
1,095 |
9.0 |
4.0 |
87.0 |
4.9 |
9.0 |
4.6 |
86.4 |
4.4 |
| Q3:2018-19 |
1,267 |
6.9 |
4.0 |
89.1 |
2.9 |
9.5 |
4.3 |
86.2 |
5.2 |
| Q4:2018-19 |
1,258 |
8.6 |
3.9 |
87.6 |
4.7 |
9.0 |
3.0 |
88.0 |
6.0 |
| Q1:2019-20 |
|
|
|
|
|
9.5 |
3.5 |
87.0 |
6.0 |
| ‘Improvement’ in availability of finance is optimistic. Footnote ‘@’ given in Table 1 is applicable here. |
| Table 17: Assessment and Expectations for Cost of Finance |
| (Percentage responses) |
| Quarter |
Total response |
Assessment |
Expectations |
| Decrease |
Increase |
No change |
Net response |
Decrease |
Increase |
No change |
Net response |
| Q4:2017-18 |
1,250 |
18.1 |
7.9 |
74.0 |
-10.3 |
13.9 |
9.8 |
76.3 |
-4.1 |
| Q1:2018-19 |
1,207 |
25.3 |
5.4 |
69.2 |
-19.9 |
18.7 |
6.4 |
74.9 |
-12.2 |
| Q2:2018-19 |
1,095 |
25.7 |
6.4 |
67.9 |
-19.3 |
24.1 |
4.8 |
71.1 |
-19.3 |
| Q3:2018-19 |
1,267 |
24.9 |
5.4 |
69.7 |
-19.5 |
24.7 |
4.9 |
70.4 |
-19.8 |
| Q4:2018-19 |
1,258 |
21.3 |
5.6 |
73.1 |
-15.7 |
22.3 |
4.8 |
73.0 |
-17.5 |
| Q1:2019-20 |
|
|
|
|
|
20.2 |
5.8 |
74.0 |
-14.4 |
| ‘Decrease’ in cost of finance is optimistic. Footnote ‘@’ given in Table 1 is applicable here. |
| Table 18: Assessment and Expectations for Cost of Raw Materials |
| (Percentage responses) |
| Quarter |
Total response |
Assessment |
Expectations |
| Increase |
Decrease |
No change |
Net response |
Increase |
Decrease |
No change |
Net response |
| Q4:2017-18 |
1,250 |
52.8 |
3.3 |
43.9 |
-49.5 |
38.3 |
4.3 |
57.4 |
-34.0 |
| Q1:2018-19 |
1,207 |
55.9 |
2.8 |
41.3 |
-53.0 |
42.7 |
3.7 |
53.6 |
-39.0 |
| Q2:2018-19 |
1,095 |
55.5 |
2.6 |
41.8 |
-52.9 |
46.2 |
2.8 |
50.9 |
-43.4 |
| Q3:2018-19 |
1,267 |
53.1 |
3.9 |
43.1 |
-49.2 |
46.5 |
1.9 |
51.6 |
-44.5 |
| Q4:2018-19 |
1,258 |
46.8 |
4.8 |
48.4 |
-41.9 |
42.1 |
3.5 |
54.3 |
-38.6 |
| Q1:2019-20 |
|
|
|
|
|
37.2 |
3.5 |
59.2 |
-33.7 |
| ‘Decrease’ in cost of raw materials is optimistic. Footnote ‘@’ given in Table 1 is applicable here. |
| Table 19: Assessment and Expectations for Salary/Other Remuneration |
| (Percentage responses) |
| Quarter |
Total response |
Assessment |
Expectations |
| Increase |
Decrease |
No change |
Net response |
Increase |
Decrease |
No change |
Net response |
| Q4:2017-18 |
1,250 |
28.8 |
2.2 |
69.0 |
-26.6 |
25.2 |
2.3 |
72.5 |
-22.9 |
| Q1:2018-19 |
1,207 |
42.0 |
2.1 |
55.9 |
-40.0 |
36.8 |
1.8 |
61.3 |
-35.0 |
| Q2:2018-19 |
1,095 |
35.5 |
2.0 |
62.5 |
-33.5 |
32.8 |
1.2 |
65.9 |
-31.6 |
| Q3:2018-19 |
1,267 |
29.8 |
1.6 |
68.6 |
-28.2 |
25.6 |
1.2 |
73.2 |
-24.4 |
| Q4:2018-19 |
1,258 |
28.5 |
1.8 |
69.7 |
-26.7 |
22.8 |
1.4 |
75.8 |
-21.4 |
| Q1:2019-20 |
|
|
|
|
|
34.0 |
1.1 |
64.9 |
-32.9 |
| ‘Decrease’ in Salary / other remuneration is optimistic. Footnote ‘@’ given in Table 1 is applicable here. |
| Table 20: Assessment and Expectations for Selling Price |
| (Percentage responses) |
| Quarter |
Total response |
Assessment |
Expectations |
| Increase |
Decrease |
No change |
Net response |
Increase |
Decrease |
No change |
Net response |
| Q4:2017-18 |
1,250 |
19.3 |
12.6 |
68.1 |
6.7 |
17.4 |
9.5 |
73.1 |
7.9 |
| Q1:2018-19 |
1,207 |
23.0 |
11.4 |
65.6 |
11.5 |
19.2 |
8.9 |
71.9 |
10.4 |
| Q2:2018-19 |
1,095 |
22.1 |
10.7 |
67.2 |
11.3 |
18.5 |
9.6 |
71.9 |
8.8 |
| Q3:2018-19 |
1,267 |
19.9 |
13.7 |
66.4 |
6.2 |
21.0 |
6.7 |
72.3 |
14.3 |
| Q4:2018-19 |
1,258 |
17.5 |
13.1 |
69.3 |
4.4 |
19.4 |
7.1 |
73.5 |
12.3 |
| Q1:2019-20 |
|
|
|
|
|
19.5 |
8.5 |
72.0 |
11.0 |
| ‘Increase’ in selling price is optimistic. Footnote ‘@’ given in Table 1 is applicable here. |
| Table 21: Assessment and Expectations for Profit Margin |
| (Percentage responses) |
| Quarter |
Total response |
Assessment |
Expectations |
| Increase |
Decrease |
No change |
Net response |
Increase |
Decrease |
No change |
Net response |
| Q4:2017-18 |
1,250 |
16.2 |
26.1 |
57.7 |
-9.9 |
18.8 |
18.7 |
62.5 |
0.1 |
| Q1:2018-19 |
1,207 |
15.5 |
25.8 |
58.7 |
-10.3 |
18.0 |
18.7 |
63.3 |
-0.7 |
| Q2:2018-19 |
1,095 |
14.3 |
26.3 |
59.2 |
-12.2 |
18.0 |
18.0 |
64.0 |
0.0 |
| Q3:2018-19 |
1,267 |
16.1 |
27.8 |
56.1 |
-11.7 |
17.1 |
17.0 |
65.9 |
0.1 |
| Q4:2018-19 |
1,258 |
16.2 |
25.5 |
58.3 |
-9.3 |
18.7 |
16.7 |
64.5 |
2.0 |
| Q1:2019-20 |
|
|
|
|
|
17.8 |
17.0 |
65.1 |
0.8 |
| ‘Increase’ in profit margin is optimistic. Footnote ‘@’ given in Table 1 is applicable here. |
| Table 22: Assessment and Expectations for Overall Business Situation |
| (Percentage responses) |
| Quarter |
Total response |
Assessment |
Expectations |
| Better |
Worsen |
No change |
Net response |
Better |
Worsen |
No change |
Net response |
| Q4:2017-18 |
1,250 |
39.2 |
9.0 |
51.8 |
30.2 |
42.5 |
6.4 |
51.2 |
36.1 |
| Q1:2018-19 |
1,207 |
38.7 |
9.0 |
52.3 |
29.6 |
42.7 |
5.8 |
51.5 |
36.9 |
| Q2:2018-19 |
1,095 |
38.1 |
10.3 |
51.6 |
27.9 |
40.5 |
5.9 |
53.6 |
34.6 |
| Q3:2018-19 |
1,267 |
34.9 |
10.3 |
54.8 |
24.6 |
43.3 |
7.0 |
49.8 |
36.3 |
| Q4:2018-19 |
1,258 |
33.9 |
11.5 |
54.7 |
22.4 |
43.2 |
6.5 |
50.3 |
36.7 |
| Q1:2019-20 |
|
|
|
|
|
42.5 |
5.6 |
51.9 |
36.9 |
| ‘Better’ Overall Business Situation is optimistic. Footnote ‘@’ given in Table 1 is applicable here. |
| Table 23: Business Sentiments |
| Quarter |
Business Assessment Index (BAI) |
Business Expectations Index (BEI) |
| Q4:2017-18 |
112.4 |
115.8 |
| Q1:2018-19 |
108.4 |
114.6 |
| Q2:2018-19 |
110.0 |
114.1 |
| Q3:2018-19 |
107.1 |
115.0 |
| Q4:2018-19 |
107.2 |
116.2 |
| Q1:2019-20 |
|
113.5 |
|