SME Times News Bureau | 13 Oct, 2018
Industry body FICCI's latest quarterly survey on the manufacturing sector finds a positive
outlook in July-September quarter on account of higher production against
previous quarter Q-1 2018-19.
The output
growth during July-September 2018 quarter has increased to 61% from 49% in
April-June 2018, as per FICCI's Manufacturing Survey.
This is the
highest percentage of respondents expecting higher production since Q-2 of
2015-16 where 63% of respondents expected higher production- a twelve quarters
high sentiment.
The percentage of respondents reporting low production
decreased to 9% in Q-2 2018-19 from 13% in Q-1 of 2018-19.
FICCI's
Quarterly Manufacturing survey assessed the sentiments of manufacturers for Q-2 (July-September
2018-19) for twelve major sectors namely automotive, capital goods, cement and
ceramics, chemicals, fertilizers and pharmaceuticals, electronics &
electricals, food products, leather and footwear, medical devices and
technologies, 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 2.8
lakh crore.
High growth
is expected in Cement and Ceramics, Capital Goods, Automotive and Medical
Devices & Technologies in Q-2 2018-19 whereas moderate growth is expected
in Textiles, Textile Machinery, Metal and Metal Products, Electronics &
Electricals, Chemicals, Fertilizers and Pharmaceuticals, Food Products and
Paper Products.