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‘Moderate outlook for manufacturing in Q1’: FICCI

FICCI

New Delhi: The outlook for the country’s manufacturing sector in the April-June quarter of the current fiscal has moderated as only 41 per cent of respondents in a FICCI survey expected higher output growth during the ongoing quarter compared to 54 per cent in the January-March quarter, as per the industry chamber report released on Sunday.

The report said that the percentage of respondents expecting low or static production is 59 per cent in the first quarter of 2019-20, which was 46 per cent in the previous quarter. In terms of order books, 36 per cent of the respondents during the quarter under review are expecting higher number of orders against 44 per cent in January-March 2019. In terms of capacity utilisation, the FICCI survey noted that the overall capacity utilisation in manufacturing has witnessed a slight fall to 78 per cent during April-June, as compared to 80 per cent in the previous quarter. (IANS)

 

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