Press Esc to close
Wednesday 03 September 2014
News updated at 1:59 AM IST
Weather
Max: 27°C
Min : 20°C
In Bangalore
Generally cloudy

Survey shows decline in biz confidence

New Delhi, April 6, 2013, DHNS:

The latest Business Expectations Survey of the National Council of Applied Economic Research (NCAER) has registered a decline of more than four percentage points in the business confidence index in the October-December period over the previous quarter.

The survey has suggested a decline in overall economic growth and investment climate, but at the same time, said that the financial position of the firms and capacity utilisation are at the same level as in the previous quarter. On a sectoral basis, it said that the capital goods sector has registered improved optimism while the manufacturing and services sectors have revealed lower business sentiment.

In terms of percentage change over the last round, the survey has shown nearly a 100 per cent drop in the consumer durables sector. The firm-level indicators reveal lower expectations of improvement in domestic sales, production and profitability conditions of the firms in the next six months. On the other hand, exports and imports reflect improved expectations in the short-run.


The Political Confidence Index (PCI) has however shown an improvement of 7.7 percentage points in January 2013 over the last quarter. But a combination of high fiscal deficit and decelerating economic growth has been cited as a disappointing aspect of the current economic situation.

This is mainly on account of decline registered in the agricultural sector and a weakened growth in the industrial sector, the survey said. The survey, which is 83rd in the series, has registered a Business Confidence Index of 119.7 points as compared to 125.4 points in October 2012.

Disaggregation of responses by regions indicates a turnaround in the pattern of changes in three of the four regions. For example, while West, East and South have registered a decline in BCI, North has shown improvement. Further, while the present survey reflects decline in the perceptions of larger and smaller-sized firms, medium-sized firms signal slight improvement over previous quarter.

Go to Top

Photo Gallery
England's Steven Finn survives a run out attempt

England's Steven Finn survives a run out attempt

President Pranab Mukherjee at Mata Vaishno Devi shrine on Tuesday. J & K Governor NN Vohra is...

President Pranab Mukherjee at Mata Vaishno Devi shrine on Tuesday. J & K Governor NN Vohra is...

India's Ravindra Jadeja celebrates after bowling England's Eoin Morgan

India's Ravindra Jadeja celebrates after bowling England's Eoin Morgan

Shuttler PV Sindhu, bronze medalist at World Badminton Championship, speaking to the media with ...

Shuttler PV Sindhu, bronze medalist at World Badminton Championship, speaking to the media with ...

England's Chris Woakes, right, is run out for 10 runs...

England's Chris Woakes, right, is run out for 10 runs...

Indian cricketer Yuvraj Singh, right, watches Jamaican sprinter Usain Bolt bowl during a...

Indian cricketer Yuvraj Singh, right, watches Jamaican sprinter Usain Bolt bowl during a...

Dhoni And Jos Buttler at the fourth one-day international cricket match...

Dhoni And Jos Buttler at the fourth one-day international cricket match...

A devotee carries a statue of the Hindu god Ganesh, the deity of prosperity, to be immersed into...

A devotee carries a statue of the Hindu god Ganesh, the deity of prosperity, to be immersed into...

Ajinkya Rahane celebrates after scoring a century against England during the fourth One Day...

Ajinkya Rahane celebrates after scoring a century against England during the fourth One Day...

Cricketer Yuvraj Singh presents a bat signed by him to Olympic Gold Medalist sprinter Usain...

Cricketer Yuvraj Singh presents a bat signed by him to Olympic Gold Medalist sprinter Usain...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bangalore - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523