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Quarterly Manufacturing Outlook sees Marked Improvement- FICCI Survey

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FICCI's latest quarterly survey on the Manufacturing sector portrays a positive outlook in Q-2 (July-September 2018-19) on account of higher production vis-a-vis 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.

survey assessed the sentiments of manufacturers for Q-2 (July-September 2018-19) for twelve major sectors namely automotive, capital goods, and ceramics, chemicals, fertilizers and pharmaceuticals, & electricals, food products, leather and footwear, medical devices and technologies, & products, paper products, 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 and Ceramics, Capital Goods, Automotive and Medical Devices & Technologies in Q-2 2018-19 whereas moderate growth is expected in Textiles, Textile Machinery, and Metal Products, & Electricals, Chemicals, Fertilizers and Pharmaceuticals, and

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, October 12 2018. 10:10 IST
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