India’s mfg sector outlook moderates in Apr-Jun

24 June, 2019 12:00 AM printer

NEW DELHI: Sentiment in the manufacturing sector remains subdued as the proportion of respondents reporting higher output growth during April-June has fallen to 41 per cent from 54 per cent in the previous quarter, according to a survey by Ficci.

The latest quarterly report portrays a moderation of outlook for the sector in Q1 (April-June 2019-20) as the percentage of respondents reporting higher production in first quarter has fallen as against the January-March (Q-4) of 2018-19, it said, report agencies.

The percentage of respondents expecting low or same production is 59 per cent in Q1, compared to 46 per cent in Q4 of 2018-19. In terms of order book, 36 per cent of the respondents in April-June 2019 are expecting higher number of orders against 44 per cent in January-March 2019, the industry body said.