The Industrial Outlook Survey conducted during February-March 2014, provides qualitative assessment of business situation of companies in the Indian manufacturing sector for Q4:2013-14 and their expectations for the ensuing quarter Q1:2014-15. Based on the responses received from 795 companies (as on March 19, 2014), the survey showed that business conditions in Indian manufacturing sector which showed signs of improvement in Q4: 2013-14, are expected to moderate marginally in Q1:2014-15.
Highlights:
-
The assessment of major demand side parameters, as measured by net responses of the companies, indicates higher optimism with respect to production, order books, capacity utilisation and exports in Q4:2013-14.
-
However, the outlook for production, order books and capacity utilisation was less optimistic for Q1:2014-15 as compared to the previous quarter. Outlook on exports improved further.
-
Sentiments on overall financial situation that improved in Q4:2013-14 have been retained.
-
Cost of external finance is perceived to rise in Q1: 2014-15, but percentage of respondents expecting a rise moderated (26.8 per cent) as compared to the previous quarter (31.1 per cent).
-
Majority of the respondents reported no change in the levels of raw material and finished goods inventories in both the assessment and expectation quarters.
-
The sentiments on Cost of raw material and selling price remained almost unchanged for Q1: 2014-15 from that of the previous quarter.
-
The perception on profit margin improved slightly in Q4: 2013-14; however the outlook moderated for Q1: 2014-15 and continued to remain in the negative terrain.
-
Majority of the respondents reported no change in salary/other remuneration and less than three per cent expect the same to decrease for Q1: 2014-15.
-
The Business Expectation Index (BEI), a measure that gives a single snapshot of the industrial outlook, improved in Q4: 2013-14, and stood above the threshold level of 100 separating contraction from expansion. Based on expectation, the index moderated marginally for Q1: 2014-15 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 |
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 |
795 |
35.6 |
15.0 |
49.4 |
20.6 |
42.3 |
10.2 |
47.5 |
32.1 |
Q1:2014-15 |
|
|
|
|
|
37.7 |
11.2 |
51.1 |
26.6 |
‘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 respondents reporting optimism and that reporting
pessimism. |
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 |
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 |
795 |
31.3 |
15.9 |
52.8 |
15.4 |
38.1 |
10.5 |
51.4 |
27.6 |
Q1:2014-15 |
|
|
|
|
|
35.5 |
11.2 |
53.3 |
24.4 |
| ‘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 |
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 |
795 |
14.6 |
5.7 |
79.7 |
8.9 |
14.2 |
6.0 |
79.8 |
8.1 |
Q1:2014-15 |
|
|
|
|
|
12.6 |
5.7 |
81.7 |
6.9 |
| 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 |
Q1:2013-14 |
Q2:2013-14 |
Q3:2013-14 |
Q4:2013-14 |
Q2:2013-14 |
Q3:2013-14 |
Q4:2013-14 |
Q1:2014-15 |
Capacity Utilisation (CU)-(main product) |
Increase |
22.6 |
20.7 |
20.7 |
24.9 |
27.5 |
26.8 |
27.2 |
22.6 |
No Change |
57.1 |
58.6 |
59.9 |
60.7 |
60.9 |
60.6 |
61.9 |
65.1 |
Decrease |
20.3 |
20.7 |
19.4 |
14.4 |
11.6 |
12.6 |
10.9 |
12.4 |
Net Response |
2.3 |
0.0 |
1.3 |
10.5 |
15.9 |
14.2 |
16.3 |
10.2 |
Level of CU (compared to the average in last 4 quarters) |
Above normal |
8.7 |
8.9 |
8.5 |
10.4 |
9.8 |
9.8 |
11.1 |
9.6 |
Normal |
71.0 |
70.7 |
69.7 |
73.7 |
76.2 |
75.0 |
73.4 |
77.8 |
Below Normal |
20.3 |
20.4 |
21.8 |
15.8 |
13.9 |
15.2 |
15.5 |
12.6 |
Net Response |
-11.6 |
-11.5 |
-13.3 |
-5.4 |
-4.1 |
-5.3 |
-4.4 |
-3.0 |
Assessment of Prod. Capacity (with regard to expected demand in next 6 months) |
More than adequate |
14.6 |
15.0 |
14.7 |
14.0 |
13.7 |
14.8 |
15.7 |
13.1 |
Adequate |
76.4 |
77.0 |
76.6 |
78.2 |
78.4 |
78.0 |
77.6 |
80.6 |
Less than adequate |
9.0 |
8.1 |
8.7 |
7.9 |
7.9 |
7.1 |
6.8 |
6.3 |
Net Response |
5.7 |
6.9 |
5.9 |
6.1 |
5.8 |
7.7 |
8.9 |
6.8 |
| ‘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 |
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 |
795 |
30.3 |
11.5 |
58.2 |
18.9 |
28.3 |
8.9 |
62.8 |
19.5 |
Q1:2014-15 |
|
|
|
|
|
32.5 |
9.0 |
58.5 |
23.5 |
‘Increase’ in exports is optimistic. |
Table 6: Assessment and Expectations for Import |
(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 |
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 |
795 |
18.8 |
9.0 |
72.2 |
9.8 |
20.8 |
7.3 |
71.9 |
13.4 |
Q1:2014-15 |
|
|
|
|
|
19.3 |
7.1 |
73.5 |
12.2 |
‘Increase’ in imports is optimistic. |
Table 7: Assessment & Expectations for level of Inventory (Raw material and Finished goods) |
(Percentage responses) |
Parameter |
Options |
Assessment for Quarter |
Expectations for Quarter |
Q1:2013-14 |
Q2:2013-14 |
Q3:2013-14 |
Q4:2013-14 |
Q2:2013-14 |
Q3:2013-14 |
Q4:2013-14 |
Q1:2014-15 |
Inventory of raw material |
Below average |
8.0 |
8.7 |
8.3 |
7.8 |
6.3 |
6.3 |
5.3 |
6.8 |
Average |
78.7 |
78.7 |
78.9 |
78.9 |
83.6 |
83.6 |
83.7 |
84.4 |
Above average |
13.3 |
12.6 |
12.8 |
13.3 |
10.2 |
10.1 |
11.0 |
8.8 |
Net Response |
-5.3 |
-3.8 |
-4.6 |
-5.6 |
-3.9 |
-3.9 |
-5.8 |
-2.1 |
Inventory of Finished goods |
Below average |
8.1 |
7.5 |
7.3 |
7.2 |
7.0 |
6.2 |
6.6 |
6.3 |
Average |
77.3 |
77.0 |
75.3 |
76.9 |
82.7 |
82.5 |
80.8 |
83.8 |
Above average |
14.7 |
15.5 |
17.4 |
15.9 |
10.3 |
11.3 |
12.6 |
9.9 |
Net Response |
-6.6 |
-8.1 |
-10.2 |
-8.6 |
-3.3 |
-5.0 |
-6.0 |
-3.7 |
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 |
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 |
795 |
17.0 |
9.0 |
73.9 |
8.0 |
14.3 |
7.4 |
78.3 |
7.0 |
Q1:2014-15 |
|
|
|
|
|
15.3 |
6.9 |
77.8 |
8.4 |
‘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 |
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 |
795 |
24.8 |
11.5 |
63.7 |
13.4 |
33.0 |
9.5 |
57.5 |
23.5 |
Q1:2014-15 |
|
|
|
|
|
31.0 |
7.6 |
61.4 |
23.4 |
‘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 |
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 |
795 |
34.2 |
5.8 |
60.0 |
28.3 |
35.3 |
4.7 |
60.0 |
30.6 |
Q1:2014-15 |
|
|
|
|
|
32.4 |
4.5 |
63.1 |
27.9 |
| ‘Increase’ in working capital finance is optimistic. |
Table 11: Assessment and Expectations for Availability of Finance |
(Percentage responses) |
Parameter |
Options |
Assessment |
Expectations |
Q3:2013-14 |
Q4:2013-14 |
Q4:2013-14 |
Q1:2014-15 |
Availability of finance (from internal accruals) |
Improve |
20.3 |
22.2 |
25.0 |
23.1 |
No Change |
66.9 |
67.7 |
68.5 |
69.7 |
Worsen |
12.7 |
10.2 |
6.6 |
7.2 |
Net Response |
7.6 |
12.0 |
18.4 |
16.0 |
Availability of Finance(from banks & other sources) |
Improve |
17.1 |
18.1 |
19.0 |
20.1 |
No Change |
74.5 |
73.1 |
76.2 |
74.8 |
Worsen |
8.4 |
8.8 |
4.8 |
5.1 |
Net Response |
8.7 |
9.2 |
14.2 |
15.0 |
Availability of Finance (from overseas, if applicable) |
Improve |
10.4 |
9.6 |
11.9 |
11.0 |
No Change |
83.1 |
85.2 |
84.2 |
84.9 |
Worsen |
6.5 |
5.1 |
3.9 |
4.1 |
Net Response |
3.9 |
4.5 |
8.1 |
6.9 |
| ‘Improvement’ in availability of finance is optimistic. |
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 |
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 |
795 |
5.3 |
32.7 |
62.0 |
-27.4 |
4.4 |
31.1 |
64.6 |
-26.7 |
Q1:2014-15 |
|
|
|
|
|
5.7 |
26.8 |
67.5 |
-21.1 |
| ‘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 |
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 |
795 |
1.8 |
57.4 |
40.8 |
-55.6 |
2.8 |
49.1 |
48.0 |
-46.3 |
Q1:2014-15 |
|
|
|
|
|
2.5 |
49.8 |
47.7 |
-47.3 |
‘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 |
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 |
Q4:2013-14 |
795 |
21.1 |
11.6 |
67.3 |
9.5 |
23.3 |
8.2 |
68.5 |
15.1 |
Q1: 2014- 15 |
|
|
|
|
|
23.2 |
7.7 |
69.0 |
15.5 |
‘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 |
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 |
795 |
13.7 |
28.9 |
57.4 |
-15.2 |
18.2 |
22.2 |
59.7 |
-4.0 |
Q1: 2014-15 |
|
|
|
|
|
15.3 |
21.4 |
63.2 |
-6.1 |
‘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 |
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 |
795 |
3.4 |
11.6 |
58.0 |
18.9 |
40.6 |
9.1 |
50.3 |
31.5 |
Q1:2014-15 |
|
|
|
|
|
36.1 |
9.2 |
54.7 |
27.0 |
‘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 |
Q4:2013-14 |
Q3:2013-14 |
Q4:2013-14 |
Q1:2014-15 |
Salary/other remuneration to employees |
Increase |
30.3 |
29.7 |
28.1 |
22.5 |
25.3 |
32.5 |
Decrease |
3.4 |
3.6 |
2.8 |
2.7 |
3.2 |
2.1 |
No Change |
66.3 |
66.8 |
69.1 |
74.8 |
71.5 |
65.4 |
Net Response |
26.8 |
26.1 |
25.4 |
19.8 |
22.1 |
30.3 |
‘Increase in Salary/other remuneration’ is optimistic. |
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 |
104.7 |
112.7 |
Q1:2014-15 |
|
110.0 |
Table 19: Outlook for Important Business Parameters according to Industries |
(Net response in per cent) |
Industry |
Production |
Order books |
Cost of raw material |
Cost of finance |
Profit Margin |
Rd64 |
Rd65 |
Rd64 |
Rd65 |
Rd64 |
Rd65 |
Rd64 |
Rd65 |
Rd64 |
Rd65 |
Food products |
49.1 |
31.7 |
37.2 |
33.3 |
-50.5 |
-59.3 |
-30.6 |
-31.6 |
1.9 |
-8.9 |
Textiles |
21.5 |
35.3 |
18.3 |
24.1 |
-36.1 |
-51.0 |
-20.9 |
-24.0 |
-10.0 |
-7.2 |
Basic Metals & Metal products |
20.8 |
20.7 |
18.9 |
16.3 |
-38.5 |
-38.0 |
-26.2 |
-20.9 |
-10.6 |
-8.7 |
Electrical machinery |
47.6 |
30.0 |
42.4 |
20.0 |
-50.0 |
-35.9 |
-25.4 |
-30.0 |
-1.7 |
-5.6 |
Other Machinery(Non-electrical machinery) & Apparatus |
34.9 |
18.2 |
32.7 |
29.4 |
-48.7 |
-46.4 |
-24.1 |
-30.9 |
-7.5 |
-11.9 |
Transport Equipment |
29.0 |
0.0 |
27.0 |
0.0 |
-42.4 |
-42.9 |
-26.9 |
-4.9 |
-16.9 |
-20.9 |
Fertilizers |
26.9 |
14.3 |
38.9 |
33.3 |
-48.0 |
-42.9 |
-17.4 |
-23.1 |
-44.3 |
-23.1 |
Pharmaceuticals & Medicines |
46.7 |
49.0 |
41.4 |
43.5 |
-62.2 |
-51.0 |
-28.8 |
-24.0 |
-5.3 |
10.2 |
Basic Chemicals |
39.2 |
29.8 |
28.4 |
22.9 |
-54.4 |
-56.4 |
-31.6 |
-18.9 |
11.4 |
1.8 |
Rubber & Plastic products |
45.0 |
40.9 |
38.9 |
23.8 |
-52.5 |
-51.2 |
-30.4 |
-25.6 |
12.1 |
-7.0 |
Paper & Paper products |
39.3 |
26.1 |
30.8 |
28.6 |
-55.2 |
-65.2 |
-33.3 |
-21.7 |
-14.3 |
-17.4 |
Cement |
36.8 |
38.5 |
21.4 |
-20.0 |
-52.6 |
-61.5 |
-41.2 |
-41.7 |
5.9 |
-7.7 |
Wood & wood products |
28.6 |
16.7 |
-16.7 |
20.0 |
-50.0 |
-42.9 |
-37.5 |
-14.3 |
25.0 |
0.0 |
Diversified companies |
22.2 |
17.0 |
20.8 |
25.0 |
-40.0 |
-28.3 |
-28.0 |
-6.4 |
3.2 |
-1.0 |
Other industries |
25.0 |
27.9 |
22.9 |
30.2 |
-50.6 |
-63.5 |
-21.8 |
-16.1 |
-15.7 |
-1.6 |
All Industries |
32.1 |
26.6 |
27.6 |
24.4 |
-46.3 |
-47.3 |
-26.7 |
-21.1 |
-4.0 |
-6.1 |
|