The Reserve Bank released data on the performance of the private corporate sector during the third quarter of 2019-20 drawn from abridged quarterly financial results of 2,702 listed non-government non-financial (NGNF) companies. Data pertaining to Q3:2018-19 and Q2:2019-20 are also presented in the tables to enable comparison. Demand conditions in the manufacturing sector weakened as reflected in the contraction in nominal sales in Q3:2019-20, led by petroleum, automobiles and iron and steel companies.The mining and power sectors witnessed subdued demand as reflected by a continued decline in their nominal sales. While nominal sales growth (y-on-y) rose in the IT sector, they moderated for the non-IT services sector. Nominal sales contracted sharply for real estate companies, but recorded steady growth for transport and storage services companies.
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