SME Times News Bureau | 11 Aug, 2018
Industry body FICCI's
Quarterly survey on Manufacturing re-iterates a positive outlook for
exports with 44% of the participants expecting a rise in exports for Q-1
2018-19.
The sentiments for
the manufacturing sector in Q-1 (April-June 2018-19) remains positive, though
the proportion of respondents reporting higher output growth during the April -
June 2018 quarter has decreased to 49% from 55% in January-March 2018,
maintaining the general trend witnessed in the previous years.
However, going
ahead, high growth is expected in Automotive, Capital Goods, Metals
and Metal Products and Electronics & Electricals.
Moderate growth is
expected in Textiles, FMCG, Cement and Ceramics, Chemicals &
Pharmaceuticals, Leather & Footwear and Textiles Machinery in Q-1 2018-19
whereas low growth is expected in Paper Products.
The average capacity
utilization for the manufacturing sector at about 77% in Q-1 2018-19 is
same as that of previous quarter.
In sectors like
capital goods, textiles, textiles machinery and chemicals &
pharmaceuticals, average capacity utilization has either increased or remained
almost same in Q-4 of 2017-18 & Q-1 2018-19, while in automotive, cement
and ceramics, electronics & electricals, leather and footwear, metal and
metal products, the capacity utilisation has fallen in Q-4 2017-18 & Q-1
2018-19 vis-a-vis Q-3 2017-18.
FICCI's Quarterly
survey assessed the sentiments of manufacturers for Q-1 (April-June 2018-19)
for eleven major sectors namely automotive, capital goods, cement and
ceramics, chemicals and pharmaceuticals, electronics & electricals, FMCG,
leather and footwear, metal & metal products, paper products, textiles
machinery and textiles.
Responses have been
drawn from over 300 manufacturing units from both large and SME segments
with a combined annual turnover of over 3 lakh crore.