The Industrial Outlook Survey conducted during November-December 2013, provides qualitative assessment of business situation of companies in the Indian manufacturing sector for Q3:2013-14 and their expectations for the ensuing quarter Q4:2013-14. The survey elicited response from 1,223 manufacturing companies.
Highlights:
-
The assessment of major demand side parameters, as measured by net responses of the companies indicates marginal improvement in sentiments on production, order books, capacity utilisation, exports and imports for Q3:2013-14. The demand outlook for Q4:2013-14, also shows improved optimism.
-
The perceptions on overall financial situation improved for Q3:2013-14. The outlook for Q4: 2013-14 also shows similar sentiments.
-
The sentiments on availability of finance from all the three sources viz; internal accruals, banks and other financial institutions, and overseas improved for Q3:2013-14. The sentiments have improved for Q4:2013-14 as well.
-
Cost of external finance is perceived to rise in Q4: 2013-14, but percentage of respondents expecting a rise moderated marginally as compared to the previous quarter.
-
Majority of the respondents reported no change in the levels of raw material and finished goods inventories in both the assessment and expectation quarters.
-
Cost of raw material is expected to rise in Q4: 2013-14 from the level of previous quarter by a lower percentage of respondents. The sentiment for rise in selling price remained almost unchanged for Q4: 2013-14.
-
The perception on profit margin continued to remain in the negative terrain but showed some improvement for Q4 of 2013-14.
-
Majority of the respondents reported no change in salary/other remuneration and around three per cent expect the same to decrease for Q4: 2013-14.
-
The Business Expectation Index (BEI), a measure that gives a single snapshot of the industrial outlook, improved marginally for Q3: 2013-14, but still remained below the threshold level of 100 separating contraction from expansion. Based on expectation, the index showed an improvement in Q4: 2013-14 over the previous quarter.
Table 1: Assessment and Expectations for Production |
(Percentage responses) @ |
Survey Quarter |
Total response |
Assessment for Current Quarter |
Expectation for Next Quarter |
Increase |
Decrease |
No change |
Net response# |
Increase |
Decrease |
No change |
Net response |
Q3: 2012-13 |
1388 |
37.5 |
18.8 |
43.7 |
18.6 |
46.1 |
10.4 |
43.4 |
35.7 |
Q4: 2012-13 |
1301 |
36.8 |
18.2 |
45.0 |
18.6 |
46.3 |
9.2 |
44.4 |
37.1 |
Q1:2013-14 |
1321 |
32.0 |
22.2 |
45.7 |
9.8 |
38.3 |
13.8 |
47.9 |
24.4 |
Q2:2013-14 |
1207 |
31.8 |
21.0 |
47.2 |
10.8 |
40.6 |
12.1 |
47.3 |
28.5 |
Q3: 2013-14 |
1223 |
31.7 |
20.2
|
48.1 |
11.5 |
40.8 |
12.0 |
47.2 |
28.9 |
Q4:2013-14 |
|
|
|
|
|
42.3 |
10.2 |
47.5 |
32.1 |
‘Increase’ in production is optimistic.
@: Due to rounding off percentage may not add up to 100. This is applicable for all the tables from 1 to 17.
#: Net Response (NR) is the difference of percentage of the respondents reporting optimism (increase) and that reporting pessimism (decrease). |
Table 2: Assessment and Expectations for Order books |
(Percentage responses) |
Survey Quarter |
Total response |
Assessment for Current Quarter |
Expectation for Next Quarter |
Increase |
Decrease |
No change |
Net response |
Increase |
Decrease |
No change |
Net response |
Q3: 2012-13 |
1388 |
32.0 |
19.2 |
48.8 |
12.9 |
41.2 |
10.9 |
48.0 |
30.3 |
Q4: 2012-13 |
1301 |
32.7 |
18.6 |
48.7 |
14.0 |
40.0 |
10.2 |
49.8 |
29.8 |
Q1:2013-14 |
1321 |
30.5 |
20.9 |
48.6 |
9.7 |
35.5 |
13.2 |
51.2 |
22.3 |
Q2:2013-14 |
1207 |
27.9 |
22.3 |
49.8 |
5.5 |
36.8 |
11.5 |
51.8 |
25.3 |
Q3:2013-14 |
1223 |
28.2 |
21.2 |
50.6 |
7.0 |
34.7 |
13.7 |
51.5 |
21.0 |
Q4:2013-14 |
|
|
|
|
|
38.1 |
10.5 |
51.4 |
27.6 |
‘Increase’ in order books is optimistic. |
Table 3: Assessment and Expectations for Pending Orders |
(Percentage responses) |
Survey Quarter |
Total response |
Assessment for Current Quarter |
Expectation for Next Quarter |
Below Normal |
Above Normal |
Normal |
Net response |
Below Normal |
Above Normal |
Normal |
Net response |
Q3:2012-13 |
1388 |
18.8 |
4.4 |
76.8 |
14.3 |
14.4 |
7.0 |
78.6 |
7.4 |
Q4:2012-13 |
1301 |
19.3 |
4.7 |
75.9 |
14.6 |
14.6 |
4.5 |
80.9 |
10.1 |
Q1:2013-14 |
1321 |
19.9 |
3.6 |
76.5 |
16.3 |
16.9 |
5.3 |
77.7 |
11.6 |
Q2:2013-14 |
1207 |
21.3 |
3.9 |
74.8 |
17.3 |
15.9 |
4.4 |
79.6 |
11.5 |
Q3:2013-14 |
1223 |
19.2 |
5.1 |
75.7 |
14.1 |
17.5 |
3.8 |
78.8 |
13.7 |
Q4:2013-14 |
|
|
|
|
|
14.2 |
6.0 |
79.8 |
8.1 |
Pending orders ‘Below Normal’ is optimistic. |
Table 4: Assessment and Expectations for Capacity Utilisation |
(Percentage responses) |
Parameter |
Options |
Assessment for Current Quarter |
Expectation for Next Quarter |
Q4:2012-13 |
Q1:2013-14 |
Q2:2013-14 |
Q3:2013-14 |
Q1:2013-14 |
Q2:2013-14 |
Q3:2013-14 |
Q4:2013-14 |
Capacity Utilisation (CU)-(main product) |
Increase |
23.7 |
22.6 |
20.7 |
20.7 |
24.9 |
27.5 |
26.8 |
27.2 |
No Change |
60.5 |
57.1 |
58.6 |
59.9 |
62.0 |
60.9 |
60.6 |
61.9 |
Decrease |
15.9 |
20.3 |
20.7 |
19.4 |
13.1 |
11.6 |
12.6 |
10.9 |
Net Response |
7.8 |
2.3 |
0.0 |
1.3 |
11.7 |
15.9 |
14.2 |
16.3 |
Level of CU (compared to the average in last 4 quarters) |
Above normal |
10.0 |
8.7 |
8.9 |
8.5 |
10.5 |
9.8 |
9.8 |
11.1 |
Normal |
71.3 |
71.0 |
70.7 |
69.7 |
74.5 |
76.2 |
75.0 |
73.4 |
Below Normal |
18.7 |
20.3 |
20.4 |
21.8 |
15.0 |
13.9 |
15.2 |
15.5 |
Net Response |
-8.7 |
-11.6 |
-11.5 |
-13.3 |
-4.4 |
-4.1 |
-5.3 |
-4.4 |
Assessment of Prod. Capacity (with regard to expected demand in next 6 months) |
More than adequate |
13.4 |
14.6 |
15.0 |
14.7 |
13.7 |
13.7 |
14.8 |
15.7 |
Adequate |
77.4 |
76.4 |
77.0 |
76.6 |
78.4 |
78.4 |
78.0 |
77.6 |
Less than adequate |
9.2 |
9.0 |
8.1 |
8.7 |
7.9 |
7.9 |
7.1 |
6.8 |
Net Response |
4.2 |
5.7 |
6.9 |
5.9 |
5.7 |
5.8 |
7.7 |
8.9 |
‘Increase’ in capacity utilisation is optimistic. |
Table 5: Assessment and Expectations for Exports |
(Percentage responses) |
Survey Quarter |
Total response |
Assessment for Current Quarter |
Expectation for Next Quarter |
Increase |
Decrease |
No change |
Net response |
Increase |
Decrease |
No change |
Net response |
Q3:2012-13 |
1388 |
24.3 |
15.0 |
60.6 |
9.3 |
29.0 |
10.9 |
60.1 |
18.0 |
Q4:2012-13 |
1301 |
25.9 |
15.0 |
59.1 |
10.8 |
28.5 |
10.1 |
61.4 |
18.4 |
Q1:2013-14 |
1321 |
23.8 |
15.2 |
61.0 |
8.6 |
27.1 |
10.4 |
62.5 |
16.7 |
Q2:2013-14 |
1207 |
24.9 |
17.1 |
58.0 |
7.8 |
28.6 |
10.0 |
61.5 |
18.6 |
Q3:2013-14 |
1223 |
24.2 |
13.4 |
62.4 |
10.9 |
27.4 |
10.9 |
61.7 |
16.5 |
Q4:2013-14 |
|
|
|
|
|
28.3 |
8.9 |
62.8 |
19.5 |
‘Increase’ in exports is optimistic. |
Table 6: Assessment and Expectations for Imports |
(Percentage responses) |
Survey Quarter |
Total response |
Assessment for Current Quarter |
Expectation for Next Quarter |
Increase |
Decrease |
No change |
Net response |
Increase |
Decrease |
No change |
Net response |
Q3: 2012-13 |
1388 |
19.0 |
10.2 |
70.7 |
8.8 |
22.1 |
8.1 |
69.8 |
14.0 |
Q4: 2012-13 |
1301 |
19.8 |
11.5 |
68.8 |
8.3 |
20.9 |
7.4 |
71.7 |
13.5 |
Q1:2013-14 |
1321 |
18.7 |
10.7 |
70.6 |
8.0 |
20.4 |
8.5 |
71.1 |
11.9 |
Q2:2013-14 |
1207 |
18.3 |
14.7 |
67.0 |
3.6 |
19.9 |
8.7 |
71.4 |
11.2 |
Q3:2013-14 |
1223 |
19.1 |
12.0 |
68.9 |
7.0 |
19.0 |
11.3 |
69.7 |
7.7 |
Q4:2013-14 |
|
|
|
|
|
20.8 |
7.3 |
71.9 |
13.4 |
‘Increase’ in imports is optimistic. |
Table 7: Assessment and Expectations for level of Inventory (Raw material and Finished goods) |
(Percentage responses) |
Parameter |
Options |
Assessment for Quarter |
Expectations for Quarter |
Q4:2012-13 |
Q1:2013-14 |
Q2:2013-14 |
Q3:2013-14 |
Q1:2013-14 |
Q2:2013-14 |
Q3:2013-14 |
Q4:2013-14 |
Inventory of raw material |
Below average |
7.9 |
8.0 |
8.7 |
8.3 |
6.3 |
6.3 |
6.3 |
5.3 |
Average |
79.8 |
78.7 |
78.7 |
78.9 |
84.2 |
83.6 |
83.6 |
83.7 |
Above average |
12.2 |
13.3 |
12.6 |
12.8 |
9.5 |
10.2 |
10.1 |
11.0 |
Net Response |
-4.3 |
-5.3 |
-3.8 |
-4.6 |
-3.3 |
-3.9 |
-3.9 |
-5.8 |
Inventory of Finished goods |
Below average |
7.4 |
8.1 |
7.5 |
7.3 |
6.3 |
7.0 |
6.2 |
6.6 |
Average |
76.5 |
77.3 |
77.0 |
75.3 |
83.1 |
82.7 |
82.5 |
80.8 |
Above average |
16.1 |
14.7 |
15.5 |
17.4 |
10.6 |
10.3 |
11.3 |
12.6 |
Net Response |
-8.7 |
-6.6 |
-8.1 |
-10.2 |
-4.3 |
-3.3 |
-5.0 |
-6.0 |
Inventory of raw material and finished goods ‘Below average’ is optimistic. |
Table 8: Assessment and Expectations for Employment Outlook |
(Percentage responses) |
Survey Quarter |
Total response |
Assessment for Current Quarter |
Expectation for Next Quarter |
Increase |
Decrease |
No change |
Net response |
Increase |
Decrease |
No change |
Net response |
Q3: 2012-13 |
1388 |
16.4 |
9.7 |
73.9 |
6.7 |
19.2 |
5.9 |
74.9 |
13.3 |
Q4: 2012-13 |
1301 |
15.3 |
9.8 |
74.9 |
5.5 |
17.2 |
6.9 |
75.8 |
10.3 |
Q1:2013-14 |
1321 |
14.4 |
11.2 |
74.4 |
3.2 |
16.0 |
8.0 |
76.1 |
8.0 |
Q2:2013-14 |
1207 |
11.3 |
11.5 |
77.3 |
-0.2 |
16.0 |
8.4 |
75.6 |
7.7 |
Q3:2013-14 |
1223 |
13.1 |
12.7 |
74.2 |
0.4 |
13.3 |
8.8 |
77.9 |
4.5 |
Q4:2013-14 |
|
|
|
|
|
14.3 |
7.4 |
78.3 |
7.0 |
‘Increase’ in employment is optimistic. |
Table 9: Assessment and Expectations for Overall Financial Situation |
(Percentage responses) |
Survey Quarter |
Total response |
Assessment for Current Quarter |
Expectation for Next Quarter |
Better |
Worsen |
No change |
Net response |
Better |
Worsen |
No change |
Net response |
Q3: 2012-13 |
1388 |
26.4 |
13.7 |
59.9 |
12.7 |
34.8 |
9.0 |
56.2 |
25.8 |
Q4: 2012-13 |
1301 |
26.9 |
15.1 |
58.0 |
11.8 |
34.9 |
7.9 |
57.2 |
27.0 |
Q1:2013-14 |
1321 |
23.3 |
13.8 |
63.0 |
9.5 |
31.5 |
9.6 |
58.9 |
21.9 |
Q2:2013-14 |
1207 |
21.4 |
19.5 |
59.1 |
1.8 |
33.2 |
9.1 |
57.7 |
24.1 |
Q3:2013-14 |
1223 |
23.7 |
17.3 |
58.9 |
6.4 |
29.7 |
12.4 |
57.9 |
17.3 |
Q4:2013-14 |
|
|
|
|
|
33.0 |
9.5 |
57.5 |
23.5 |
‘Better’ overall financial situation is optimistic. |
Table 10: Assessment and Expectations for Working Capital Finance Requirement |
(Percentage responses) |
Survey Quarter |
Total response |
Assessment for Current Quarter |
Expectation for Next Quarter |
Increase |
Decrease |
No change |
Net response |
Increase |
Decrease |
No change |
Net response |
Q3: 2012-13 |
1388 |
35.0 |
5.7 |
59.4 |
29.3 |
37.3 |
4.4 |
58.3 |
32.9 |
Q4: 2012-13 |
1301 |
35.2 |
6.3 |
58.5 |
29.0 |
35.8 |
3.8 |
60.5 |
32.0 |
Q1:2013-14 |
1321 |
32.1 |
7.3 |
60.5 |
24.8 |
33.0 |
6.5 |
60.4 |
26.5 |
Q2:2013-14 |
1207 |
32.9 |
8.1 |
59.0 |
24.8 |
31.0 |
6.5 |
62.5 |
24.5 |
Q3: 2013-14 |
1223 |
33.5 |
7.2 |
59.3 |
26.3 |
32.7 |
5.3 |
61.9 |
27.4 |
Q4:2013-14 |
|
|
|
|
|
35.3 |
4.7 |
60.0 |
30.6 |
‘Increase’ in working capital finance is optimistic. |
Table 11: Assessment and Expectations for Availability of Finance |
(Percentage responses) |
Parameter |
Options |
Assessment |
Expectations |
Q2:2013-14 |
Q3:2013-14 |
Q3:2013-14 |
Q4:2013-14 |
Availability of finance (from internal accruals)* |
Improve |
18.3 |
20.3 |
23.2 |
25.0 |
No Change |
66.4 |
66.9 |
67.6 |
68.5 |
Worsen |
15.2 |
12.7 |
9.2 |
6.6 |
Net Response |
3.1 |
7.6 |
14.0 |
18.4 |
Availability of Finance(from banks & other sources)* |
Improve |
14.2 |
17.1 |
18.2 |
19.0 |
No Change |
75.6 |
74.5 |
75.6 |
76.2 |
Worsen |
10.3 |
8.4 |
6.2 |
4.8 |
Net Response |
3.9 |
8.7 |
12.0 |
14.2 |
Availability of Finance (from overseas, if applicable)* |
Improve |
7.6 |
10.4 |
8.9 |
11.9 |
No Change |
84.6 |
83.1 |
85.0 |
84.2 |
Worsen |
7.8 |
6.5 |
6.0 |
3.9 |
Net Response |
-0.1 |
3.9 |
2.9 |
8.1 |
‘Improvement’ in availability of finance is optimistic.
*: These questions are newly added by splitting the question on Availability of Finance (both internal and external sources) in the 61st Round (Jan-March 2013). |
Table 12: Assessment and Expectations for Cost of External Finance |
(Percentage responses) |
Survey Quarter |
Total response |
Assessment for Current Quarter |
Expectation for Next Quarter |
Decrease |
Increase |
No change |
Net response |
Decrease |
Increase |
No change |
Net response |
Q3: 2012-13 |
1388 |
5.8 |
30.3 |
63.9 |
-24.4 |
7.6 |
28.1 |
64.3 |
-20.6 |
Q4: 2012-13 |
1301 |
9.5 |
27.0 |
63.5 |
-17.6 |
7.5 |
25.5 |
67.0 |
-18.1 |
Q1:2013-14 |
1321 |
10.1 |
24.6 |
65.3 |
-14.5 |
9.7 |
24.0 |
66.3 |
-14.3 |
Q2:2013-14 |
1207 |
5.0 |
37.6 |
57.4 |
-32.7 |
9.1 |
21.5 |
69.5 |
-12.4 |
Q3:2013-14 |
1223 |
5.6 |
37.5 |
56.9 |
-32.0 |
4.9 |
33.2 |
61.9 |
-28.3 |
Q4:2013-14 |
|
|
|
|
|
4.4 |
31.1 |
64.6 |
-26.7 |
‘Decrease’ in cost of external finance is optimistic. |
Table 13: Assessment and Expectations for Cost of Raw Material |
(Percentage responses) |
Survey Quarter |
Total response |
Assessment for Current Quarter |
Expectation for Next Quarter |
Decrease |
Increase |
No change |
Net response |
Decrease |
Increase |
No change |
Net response |
Q3: 2012-13 |
1388 |
5.4 |
56.2 |
38.4 |
-50.7 |
3.5 |
52.1 |
44.3 |
-48.6 |
Q4: 2012-13 |
1301 |
4.3 |
57.8 |
37.9 |
-53.5 |
3.3 |
48.3 |
48.3 |
-45.0 |
Q1:2013-14 |
1321 |
4.6 |
54.5 |
40.9 |
-49.9 |
3.6 |
49.2 |
47.1 |
-45.6 |
Q2:2013-14 |
1207 |
2.8 |
65.0 |
32.2 |
-62.2 |
3.5 |
46.9 |
49.6 |
-43.4 |
Q3:2013-14 |
1223 |
4.2 |
59.5 |
36.3 |
-55.3 |
3.2 |
54.6 |
42.2 |
-51.5 |
Q4:2013-14 |
|
|
|
|
|
2.8 |
49.1 |
48.0 |
-46.3 |
‘Decrease’ in cost of raw material is optimistic. |
Table 14: Assessment and Expectations for Selling Price |
(Percentage responses) |
Survey Quarter |
Total response |
Assessment for Current Quarter |
Expectation for Next Quarter |
Increase |
Decrease |
No change |
Net response |
Increase |
Decrease |
No change |
Net response |
Q3: 2012-13 |
1388 |
22.5 |
12.3 |
65.1 |
10.2 |
25.6 |
8.3 |
66.1 |
17.3 |
Q4: 2012-13 |
1301 |
22.3 |
13.2 |
64.5 |
9.1 |
22.8 |
7.0 |
70.2 |
15.8 |
Q1:2013-14 |
1321 |
21.4 |
14.1 |
64.5 |
7.3 |
23.1 |
8.1 |
68.8 |
14.9 |
Q2:2013-14 |
1207 |
25.1 |
13.8 |
61.1 |
11.3 |
21.2 |
9.1 |
69.7 |
12.1 |
Q3:2013-14 |
1223 |
22.3 |
14.5 |
63.2 |
7.8 |
23.4 |
9.5 |
67.0 |
13.9 |
|
|
|
|
|
|
23.3 |
8.2 |
68.5 |
15.1 |
‘Increase’ in selling price is optimistic. |
Table 15: Assessment and Expectations for Profit Margin |
(Percentage responses) |
Survey Quarter |
Total response |
Assessment for Current Quarter |
Expectation for Next Quarter |
Increase |
Decrease |
No change |
Net response |
Increase |
Decrease |
No change |
Net response |
Q3: 2012-13 |
1388 |
14.5 |
31.2 |
54.2 |
-16.7 |
20.5 |
21.8 |
57.7 |
-1.3 |
Q4: 2012-13 |
1301 |
16.2 |
31.5 |
52.3 |
-15.3 |
18.8 |
20.8 |
60.4 |
-2.0 |
Q1:2013-14 |
1321 |
13.5 |
31.9 |
54.6 |
-18.4 |
17.7 |
22.7 |
59.6 |
-4.9 |
Q2:2013-14 |
1207 |
12.3 |
36.4 |
51.3 |
-24.1 |
18.6 |
22.3 |
59.1 |
-3.7 |
Q3:2013-14 |
1223 |
12.8 |
35.2 |
52.0 |
-22.4 |
16.5 |
25.7 |
57.8 |
-9.3 |
Q4:2013-14 |
|
|
|
|
|
18.2 |
22.2 |
59.7 |
-4.0 |
‘Increase’ in profit margin is optimistic. |
|
Table 16: Assessment and Expectations for Overall Business Situation |
(Percentage responses) |
Survey Quarter |
Total response |
Assessment for Current Quarter |
Expectation for Next Quarter |
Better |
Worsen |
No change |
Net response |
Better |
Worsen |
No change |
Net response |
Q3: 2012-13 |
1388 |
32.3 |
15.0 |
52.7 |
17.2 |
41.4 |
9.2 |
49.4 |
32.2 |
Q4: 2012-13 |
1301 |
32.8 |
14.4 |
52.8 |
18.4 |
44.8 |
7.2 |
48.0 |
37.5 |
Q1:2013-14 |
1321 |
29.3 |
16.5 |
54.2 |
12.8 |
39.3 |
9.7 |
51.1 |
29.6 |
Q2:2013-14 |
1207 |
28.2 |
20.8 |
51.0 |
7.4 |
39.2 |
9.2 |
51.6 |
30.0 |
Q3:2013-14 |
1223 |
28.7 |
19.0 |
52.3 |
9.6 |
37.4 |
11.7 |
50.8 |
25.7 |
Q4:2013-14 |
|
|
|
|
|
40.6 |
9.1 |
50.3 |
31.5 |
‘Better’ Overall Business Situation is optimistic. |
Table 17: Assessment and Expectations for Salary/other remuneration |
(Percentage responses) |
Parameter |
Options |
Assessment |
Expectations |
Q2:2013-14 |
Q3:2013-14 |
Q3:2013-14 |
Q4:2013-14 |
Salary/other remuneration to employees |
Increase |
30.3 |
29.7 |
22.5 |
25.3 |
Decrease |
3.4 |
3.6 |
2.7 |
3.2 |
No Change |
66.3 |
66.8 |
74.8 |
71.5 |
Net Response |
26.8 |
26.1 |
19.8 |
22.1 |
Table 18: Business Expectation Index (BEI) |
Quarter |
BEI-Assessment Quarter |
BEI-Expectation Quarter |
Q4: 2011-12 |
114.9 |
117.2 |
Q1: 2012-13 |
107.4 |
116.8 |
Q2: 2012-13 |
103.8 |
114.0 |
Q3: 2012-13 |
104.5 |
115.7 |
Q4: 2012-13 |
105.6 |
115.6 |
Q1:2013-14 |
101.2 |
111.6 |
Q2: 2013-14 |
97.3 |
112.7 |
Q3: 2013-14 |
98.8 |
109.9 |
Q4:2013-14 |
|
112.7 |
Table 19: Outlook for important business parameters according to Industries |
(Net response in per cent) |
|
Production |
Order books |
Cost of raw material |
Cost of finance |
Profit Margin |
|
Rd63 |
Rd64 |
Rd63 |
Rd64 |
Rd63 |
Rd64 |
Rd63 |
Rd64 |
Rd63 |
Rd64 |
Food products |
39.6 |
49.1 |
32.9 |
37.2 |
-45.0 |
-50.5 |
-22.5 |
-30.6 |
-1.0 |
1.9 |
Textiles |
32.3 |
21.5 |
26.6 |
18.3 |
-45.8 |
-36.1 |
-28.8 |
-20.9 |
-10.7 |
-10.0 |
Basic Metals & Metal products |
18.8 |
20.8 |
13.2 |
18.9 |
-47.1 |
-38.5 |
-25.8 |
-26.2 |
-16.3 |
-10.6 |
Electrical machinery |
26.2 |
47.6 |
15.0 |
42.4 |
-50.8 |
-50.0 |
-27.9 |
-25.4 |
-19.0 |
-1.7 |
Other Machinery(Non-electrical machinery) & Apparatus |
19.4 |
34.9 |
15.2 |
32.7 |
-54.1 |
-48.7 |
-31.8 |
-24.1 |
-18.5 |
-7.5 |
Transport Equipment |
13.0 |
29.0 |
12.7 |
27.0 |
-48.5 |
-42.4 |
-13.4 |
-26.9 |
-26.9 |
-16.9 |
Fertilizers |
36.0 |
26.9 |
27.8 |
38.9 |
-53.8 |
-48.0 |
-16.7 |
-17.4 |
0.0 |
-44.3 |
Pharmaceuticals & Medicines |
39.0 |
46.7 |
24.3 |
41.4 |
-58.4 |
-62.2 |
-25.0 |
-28.8 |
-3.8 |
-5.3 |
Basic Chemicals |
43.4 |
39.2 |
26.5 |
28.4 |
-70.7 |
-54.4 |
-46.4 |
-31.6 |
3.9 |
11.4 |
Rubber & Plastic products |
49.0 |
45.0 |
23.9 |
38.9 |
-58.8 |
-52.5 |
-34.0 |
-30.4 |
3.9 |
12.1 |
Paper & Paper products |
34.6 |
39.3 |
24.0 |
30.8 |
-57.7 |
-55.2 |
-28.0 |
-33.3 |
-3.8 |
-14.3 |
Cement |
0.0 |
36.8 |
-12.5 |
21.4 |
-69.6 |
-52.6 |
-35.0 |
-41.2 |
-21.7 |
5.9 |
Wood & wood products |
16.7 |
28.6 |
-10.0 |
-16.7 |
-46.2 |
-50.0 |
-33.3 |
-37.5 |
-20.0 |
25.0 |
Diversified companies |
26.4 |
22.2 |
26.2 |
20.8 |
-40.4 |
-40.0 |
-29.1 |
-28.0 |
-4.2 |
3.2 |
Other industries |
28.4 |
25.0 |
20.5 |
22.9 |
-60.7 |
-50.6 |
-29.9 |
-21.8 |
-6.6 |
-15.7 |
All Industries |
28.9 |
32.1 |
21.0 |
27.6 |
-51.5 |
-46.3 |
-28.3 |
-26.7 |
-9.3 |
-4.0 |
|