Industrial Outlook Survey: Q4: 2012-13 (Round 61)
The 61st round of Industrial Outlook Survey conducted during February-March 2013, gives assessment of business situation of companies in the manufacturing sector for Q4:2012-13 and their expectations for the ensuing quarter Q1:2013-14. The survey elicited response from 1,301 manufacturing companies (about 65 per cent response rate). Highlights:
-
The assessment of major demand side parameters, as measured by net responses of the companies, for Q4:2012-13 indicates that while the optimism on production and imports remained around the previous quarter’s level, order books, capacity utilisation and exports shows improved optimism. On the other hand, the outlook of demand conditions for Q1:2013-14 shows moderation.
-
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 optimism on overall financial situation showed some moderation for both the quarters.
-
Cost of external finance is perceived to rise, though by a lower proportion of respondents as compared to a quarter and a year ago.
-
Cost of raw materials is expected to rise whereas growth in selling prices is expected to drop marginally.
-
The net response1 on profit margin continued to remain in the negative terrain and showed further deterioration.
-
The Business Expectation Index (BEI), a measure that gives a single snapshot of the industrial outlook, signals marginal improvement by 1.1 points (105.6 from 104.5) for Q4:2012-13. However, the index dropped by 4.0 points (111.6 from 115.6) for Q1: 2013-14.
-
The BEI for both the assessment and the expectation quarters have persisted in the growth terrain (i.e., above 100, which is the threshold separating contraction from expansion).
Table 1: Assessment & 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: 2011-12 |
1234 |
45.6 |
12.5 |
41.9 |
33.1 |
49.8 |
9.5 |
40.7 |
40.4 |
Q1: 2012-13 |
1404 |
38.8 |
18.5 |
42.7 |
20.3 |
45.4 |
10.6 |
44.0 |
34.7 |
Q2: 2012-13 |
1561 |
37.9 |
19.2 |
42.9 |
18.8 |
45.4 |
11.7 |
42.9 |
33.6 |
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 |
|
|
|
|
|
38.3 |
13.8 |
47.9 |
24.4 |
#: Due to rounding off percentage may not add up to 100. This is applicable for all the tables
‘Increase’ in production is optimistic. |
Table 2: Assessment & 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: 2011-12 |
1234 |
38.9 |
14.1 |
47.0 |
24.8 |
42.3 |
11.0 |
46.7 |
31.3 |
Q1: 2012-13 |
1404 |
34.2 |
17.3 |
48.5 |
16.9 |
39.3 |
9.8 |
50.9 |
29.5 |
Q2: 2012-13 |
1561 |
31.9 |
19.8 |
48.3 |
12.0 |
41.0 |
11.1 |
47.9 |
29.9 |
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 |
|
|
|
|
|
35.5 |
13.2 |
51.2 |
22.3 |
‘Increase’ in order books is optimistic. |
Table 3: Assessment & 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: 2011-12 |
1234 |
15.9 |
5.4 |
78.7 |
10.5 |
13.7 |
6.5 |
79.8 |
7.3 |
Q1: 2012-13 |
1404 |
17.0 |
5.7 |
77.3 |
11.3 |
13.3 |
4.6 |
82.1 |
8.8 |
Q2: 2012-13 |
1561 |
18.7 |
5.6 |
75.7 |
13.1 |
14.6 |
6.2 |
79.2 |
8.4 |
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 |
|
|
|
|
|
16.9 |
5.3 |
77.7 |
11.6 |
| Pending orders ‘Below Normal’ is optimistic. |
Table 4: Assessment & Expectations for Capacity Utilisation |
(Percentage responses) # |
Parameter |
Options |
Assessment for Quarter |
Expectations for Quarter |
Q3:2012-13 |
Q4:2012-13 |
Q4:2012-13 |
Q1:2013-14 |
Capacity Utilisation (main product) |
Increase |
23.3 |
23.7 |
31.1 |
24.9 |
No Change |
59.0 |
60.5 |
59.6 |
62.0 |
Decrease |
17.6 |
15.9 |
9.3 |
13.1 |
Net Response |
5.7 |
7.8 |
21.7 |
11.7 |
Level of Capacity Utilisation (compared to the average in last 4 quarters) |
Above normal |
9.1 |
10.0 |
10.7 |
10.5 |
Normal |
70.9 |
71.3 |
76.6 |
74.5 |
Below Normal |
20.0 |
18.7 |
12.7 |
15.0 |
Net Response |
-10.8 |
-8.7 |
-2.1 |
-4.4 |
Assessment of Production Capacity (with regard to expected demand in next 6 months) |
More than adequate |
14.2 |
13.4 |
13.0 |
13.7 |
Adequate |
77.5 |
77.4 |
79.6 |
78.4 |
Less than adequate |
8.3 |
9.2 |
7.4 |
7.9 |
Net Response |
5.9 |
4.2 |
5.6 |
5.7 |
| ‘Increase’ in capacity utilisation is optimistic. |
Table 5: Assessment & 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: 2011-12 |
1234 |
27.8 |
13.6 |
58.6 |
14.2 |
29.0 |
10.4 |
60.6 |
18.6 |
Q1: 2012-13 |
1404 |
25.7 |
14.9 |
59.4 |
10.8 |
30.1 |
9.4 |
60.5 |
20.7 |
Q2: 2012-13 |
1561 |
25.3 |
15.2 |
59.5 |
10.0 |
31.0 |
10.5 |
58.5 |
20.5 |
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 |
|
|
|
|
|
27.1 |
10.4 |
62.5 |
16.7 |
‘Increase’ in exports is optimistic. |
Table 6: Assessment & 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: 2011-12 |
1234 |
22.5 |
8.0 |
69.5 |
14.4 |
23.0 |
7.5 |
69.4 |
15.5 |
Q1: 2012-13 |
1404 |
21.8 |
10.1 |
68.1 |
11.6 |
22.4 |
6.7 |
70.8 |
15.7 |
Q2: 2012-13 |
1561 |
20.7 |
10.9 |
68.5 |
9.8 |
22.9 |
7.4 |
69.7 |
15.5 |
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 |
|
|
|
|
|
20.4 |
8.5 |
71.1 |
11.9 |
‘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 |
Q3:2012-13 |
Q4:2012-13 |
Q4:2012-13 |
Q1:2013-14 |
Inventory of raw material |
Below average |
7.6 |
7.9 |
5.5 |
6.3 |
Average |
79.8 |
79.8 |
83.9 |
84.2 |
Above average |
12.6 |
12.2 |
10.6 |
9.5 |
Net Response |
-5.0 |
-4.3 |
-5.1 |
-3.3 |
Inventory of Finished goods |
Below average |
7.0 |
7.4 |
7.0 |
6.3 |
Average |
78.0 |
76.5 |
83.1 |
83.1 |
Above average |
15.0 |
16.1 |
9.9 |
10.6 |
Net Response |
-8.0 |
-8.7 |
-3.0 |
-4.3 |
Inventory of raw material and finished goods ‘Below average’ is optimistic. |
Table 8: Assessment & 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: 2011-12 |
1234 |
19.8 |
6.9 |
73.3 |
12.9 |
19.3 |
5.7 |
75.0 |
13.6 |
Q1: 2012-13 |
1404 |
19.8 |
9.7 |
70.5 |
10.0 |
19.9 |
5.2 |
74.9 |
14.6 |
Q2: 2012-13 |
1561 |
17.9 |
9.6 |
72.5 |
8.3 |
20.5 |
8.3 |
71.2 |
12.3 |
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 |
|
|
|
|
|
16.0 |
8.0 |
76.1 |
8.0 |
‘Increase’ in employment is optimistic. |
Table 9: Assessment & 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: 2011-12 |
1234 |
30.4 |
11.9 |
57.8 |
18.5 |
35.3 |
10.2 |
54.5 |
25.2 |
Q1: 2012-13 |
1404 |
27.8 |
13.5 |
58.7 |
14.2 |
35.7 |
8.1 |
56.2 |
27.7 |
Q2: 2012-13 |
1561 |
27.1 |
14.9 |
58.0 |
12.2 |
33.2 |
9.5 |
57.3 |
23.6 |
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 |
|
|
|
|
|
31.5 |
9.6 |
58.9 |
21.9 |
‘Better’ overall financial situation is optimistic. |
Table 10: Assessment & 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: 2011-12 |
1234 |
40.0 |
5.1 |
54.8 |
34.9 |
38.0 |
4.2 |
57.8 |
33.8 |
Q1: 2012-13 |
1404 |
36.6 |
6.1 |
57.3 |
30.4 |
36.2 |
4.3 |
59.6 |
31.9 |
Q2: 2012-13 |
1561 |
37.5 |
6.8 |
55.8 |
30.7 |
34.9 |
4.8 |
60.3 |
30.1 |
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 |
|
|
|
|
|
33.0 |
6.5 |
60.4 |
26.5 |
‘Increase’ in working capital finance is optimistic. |
Table 11: Assessment & Expectations for Availability of Finance |
(Percentage responses) # |
Parameter |
Options |
Assessment for Quarter |
Expectations for Quarter |
Q4:2012-13 |
Q1:2013-14 |
Availability of Finance (from internal accruals)* |
Improve |
23.3 |
25.6 |
No Change |
65.6 |
67.4 |
Worsen |
11.1 |
7.0 |
Net Response |
12.1 |
18.7 |
Availability of Finance(from banks & other sources)* |
Improve |
18.3 |
18.7 |
No Change |
76.8 |
77.9 |
Worsen |
4.9 |
3.4 |
Net Response |
13.4 |
15.3 |
Availability of Finance (from overseas, if applicable)* |
Improve |
9.6 |
11.0 |
No Change |
84.2 |
84.4 |
Worsen |
6.2 |
4.6 |
Net Response |
3.4 |
6.3 |
‘Improvement’ in availability of finance is optimistic.
*:These questions are newly added by bifurcating the question on Availability of Finance (both internal and external sources) in the 61st Round (Jan-March 2013). |
Table 12: Assessment & 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: 2011-12 |
1234 |
3.8 |
41.1 |
55.1 |
-37.4 |
4.1 |
42.8 |
53.1 |
-38.8 |
Q1: 2012-13 |
1404 |
7.3 |
37.8 |
54.9 |
-30.5 |
9.9 |
32.6 |
57.6 |
-22.7 |
Q2: 2012-13 |
1561 |
5.8 |
33.1 |
61.1 |
-27.4 |
8.6 |
32.6 |
58.9 |
-24.0 |
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 |
|
|
|
|
|
9.7 |
24.0 |
66.3 |
-14.3 |
‘Decrease’ in cost of external finance is optimistic. |
Table 13: Assessment & 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: 2011-12 |
1234 |
3.4 |
62.7 |
33.9 |
-59.4 |
4.0 |
54.1 |
41.9 |
-50.1 |
Q1: 2012-13 |
1404 |
3.1 |
66.2 |
30.7 |
-63.1 |
2.2 |
51.2 |
46.5 |
-49.0 |
Q2: 2012-13 |
1561 |
3.0 |
62.6 |
34.4 |
-59.6 |
3.5 |
54.9 |
41.6 |
-51.4 |
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 |
|
|
|
|
|
3.6 |
49.2 |
47.1 |
-45.6 |
‘Decrease’ in cost of raw material is optimistic. |
Table 14: Assessment & 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: 2011-12 |
1234 |
25.1 |
11.6 |
63.3 |
13.5 |
25.0 |
10.3 |
64.7 |
14.7 |
Q1: 2012-13 |
1404 |
28.0 |
10.5 |
61.4 |
17.5 |
26.3 |
7.3 |
66.4 |
19.0 |
Q2: 2012-13 |
1561 |
29.3 |
10.9 |
59.8 |
18.5 |
27.8 |
9.0 |
63.2 |
18.8 |
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 |
|
|
|
|
|
23.1 |
8.1 |
68.8 |
14.9 |
‘Increase’ in selling price is optimistic. |
Table 15: Assessment & 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: 2011-12 |
1234 |
17.5 |
28.7 |
53.8 |
-11.3 |
20.1 |
23.1 |
56.8 |
-2.9 |
Q1: 2012-13 |
1404 |
15.4 |
33.3 |
51.3 |
-17.9 |
20.4 |
21.6 |
58.0 |
-1.2 |
Q2: 2012-13 |
1561 |
16.2 |
31.2 |
52.6 |
-15.1 |
20.1 |
23.6 |
56.3 |
-3.6 |
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 |
|
|
|
|
|
17.7 |
22.7 |
59.6 |
-4.9 |
| ‘Increase’ in profit margin is optimistic. |
Table 16: Assessment & 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: 2011-12 |
1234 |
37.8 |
11.3 |
50.9 |
26.5 |
43.6 |
10.0 |
46.5 |
33.6 |
Q1: 2012-13 |
1404 |
32.9 |
14.6 |
52.5 |
18.3 |
43.0 |
8.1 |
49.0 |
34.9 |
Q2: 2012-13 |
1561 |
32.8 |
16.7 |
50.5 |
16.1 |
40.2 |
9.7 |
50.1 |
30.6 |
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 |
|
|
|
|
|
39.3 |
9.7 |
51.1 |
29.6 |
‘Better’ Overall Business Situation is optimistic. |
Table 17: Business Expectation Index (BEI) |
Quarter |
BEI-Assessment
Quarter |
BEI-Expectation Quarter |
Q4: 2009-10 |
118.5 |
120.6 |
Q1: 2010-11 |
115.9 |
119.8 |
Q2: 2010-11 |
119.0 |
118.8 |
Q3: 2010-11 |
122.8 |
126.5 |
Q4: 2010-11 |
122.0 |
125.9 |
Q1: 2011-12 |
116.3 |
121.9 |
Q2: 2011-12 |
109.4 |
121.5 |
Q3: 2011-12 |
110.1 |
118.8 |
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 |
|
111.6 |
Table18: 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 |
Rd60 |
Rd61 |
Rd60 |
Rd61 |
Rd60 |
Rd61 |
Rd60 |
Rd61 |
Rd60 |
Rd61 |
Food products |
37.9 |
20.9 |
31.0 |
29.9 |
-52.3 |
-43.9 |
-11.1 |
-18.1 |
0.8 |
5.6 |
Textiles |
30.7 |
26.8 |
27.6 |
23.3 |
-37.7 |
-51.8 |
-15.8 |
-16.0 |
-6.8 |
-9.0 |
Basic Metals & Metal products |
21.2 |
8.9 |
17.7 |
5.3 |
-44.1 |
-37.5 |
-22.2 |
-11.5 |
-9.8 |
-13.9 |
Electrical machinery |
38.6 |
12.5 |
34.6 |
14.7 |
-36.0 |
-45.1 |
-20.5 |
-16.7 |
3.4 |
-11.5 |
Other Machinery(Non-electrical machinery) & Apparatus |
39.9 |
20.2 |
32.2 |
28.0 |
-55.9 |
-50.8 |
-18.4 |
-18.1 |
-6.0 |
-5.4 |
Transport Equipment |
38.8 |
9.5 |
30.4 |
12.3 |
-36.6 |
-37.3 |
-9.8 |
-5.1 |
0.0 |
-13.3 |
Fertilisers |
13.3 |
28.6 |
0.0 |
33.3 |
-33.3 |
-35.7 |
-10.7 |
-18.5 |
-10.3 |
-10.7 |
Pharmaceuticals & Medicines |
45.7 |
48.1 |
33.3 |
42.5 |
-52.1 |
-49.4 |
-12.2 |
-5.1 |
-2.1 |
9.4 |
Basic Chemicals |
40.4 |
42.6 |
31.3 |
29.1 |
-44.7 |
-46.9 |
-33.3 |
-19.4 |
2.2 |
9.4 |
Rubber & Plastic products |
59.4 |
41.3 |
40.0 |
31.6 |
-44.9 |
-50.0 |
-15.5 |
-6.5 |
8.5 |
0.0 |
Paper & Paper products |
45.0 |
21.2 |
41.7 |
18.8 |
-37.5 |
-60.6 |
-23.1 |
-25.8 |
-15.0 |
-9.1 |
Cement |
48.0 |
45.8 |
27.3 |
9.5 |
-46.2 |
-48.0 |
-3.8 |
-16.7 |
30.8 |
-4.0 |
Wood & wood products |
71.4 |
0.0 |
53.3 |
-7.1 |
-64.3 |
-58.8 |
-40.0 |
-12.5 |
42.9 |
11.8 |
Diversified companies |
43.1 |
30.3 |
31.3 |
32.5 |
-50.0 |
-40.2 |
-26.1 |
-19.8 |
0.0 |
-8.0 |
Other industries |
34.0 |
22.8 |
31.0 |
16.3 |
-41.7 |
-43.0 |
-16.0 |
-10.5 |
-3.7 |
-8.7 |
All Industries |
37.1 |
24.4 |
29.8 |
22.3 |
-45.0 |
-45.6 |
-18.1 |
-14.3 |
-2.0 |
-4.9 |
Table19: Outlook for important business parameters according to size (Paid-Up-Capital-wise & Annual production-wise) of responding companies |
(Net response in per cent) |
|
|
Production |
Order books |
Cost of raw material |
Cost of finance |
Profit Margin |
Rd60 |
Rd61 |
Rd60 |
Rd61 |
Rd60 |
Rd61 |
Rd60 |
Rd61 |
Rd60 |
Rd61 |
Paid-Up-Capital-Wise |
Small |
24.9 |
22.4 |
15.6 |
15.5 |
-46.7 |
-48.4 |
-20.4 |
-14.3 |
-15.0 |
-11.8 |
Medium |
39.2 |
25.0 |
32.3 |
23.1 |
-44.5 |
-45.4 |
-18.3 |
-15.0 |
0.5 |
-3.7 |
Big |
43.0 |
23.0 |
35.7 |
31.1 |
-46.0 |
-39.7 |
-9.2 |
-5.6 |
13.8 |
0.0 |
Annual Production.-Wise |
Small |
34.7 |
24.6 |
25.6 |
18.6 |
-50.7 |
-51.1 |
-21.4 |
-13.5 |
-7.3 |
-10.4 |
Medium |
37.5 |
23.4 |
31.4 |
23.0 |
-42.4 |
-42.9 |
-18.0 |
-16.9 |
-0.2 |
-1.9 |
Big |
43.1 |
27.4 |
38.3 |
31.5 |
-35.8 |
-37.9 |
-7.5 |
-8.2 |
7.3 |
1.7 |
Table 20: Constraints for attaining the normal production level: Industry-wise |
Industry group |
Production constraints |
No |
%of No |
Yes |
%of Yes |
Count |
Count |
Food products |
46 |
41.1 |
66 |
58.9 |
Textiles |
59 |
34.1 |
114 |
65.9 |
Basic Metals & Metal products |
56 |
33.9 |
109 |
66.1 |
Electrical machinery |
42 |
50.6 |
41 |
49.4 |
Other Machinery & Apparatus |
66 |
50.0 |
66 |
50.0 |
Transport Equipment |
39 |
45.9 |
46 |
54.1 |
Fertilisers |
18 |
62.1 |
11 |
37.9 |
Pharmaceuticals & Medicines |
54 |
62.8 |
32 |
37.2 |
Basic Chemicals |
56 |
57.1 |
42 |
42.9 |
Rubber & Plastic products |
30 |
46.9 |
34 |
53.1 |
Paper & Paper products |
20 |
58.8 |
14 |
41.2 |
Cement |
15 |
60.0 |
10 |
40.0 |
Wood & wood products |
9 |
52.9 |
8 |
47.1 |
Diversified companies |
46 |
51.1 |
44 |
48.9 |
Other industries |
59 |
54.6 |
49 |
45.4 |
All industries |
615 |
47.3 |
686 |
52.7 |
|
IST,
