भारतीय रिज़र्व बैंक ने अप्रैल-जून 2021 के दौरान संचालित किए गए औद्योगिक परिदृश्य सर्वेक्षण (आइओएस) के 94वें चक्र का परिणाम आज जारी किया। इस सर्वेक्षण में क्यू1:2021-22 के लिए भारतीय विनिर्माण कंपनियों द्वारा किए जानेवाले कारोबार के परिवेश और क्यू2:2021-221 के लिए उनकी प्रत्याशाओं का गुणात्मक मूल्यांकन किया गया है। सर्वेक्षण के इस चक्र में कुल 1281 कंपनियों ने प्रत्युत्तर दिए। कोविद 19 महामारी के कारण व्याप्त अनिश्चितता की स्थिति को देखते हुए प्रमुख मानदंडों के आधार पर आगे की दो तिमाहियों और आगे तीन तिमाहियों के आउटलुक का मूल्यांकन करने के लिए सर्वेक्षण के इस चक्र में एक अतिरिक्त ब्लॉक सम्मिलित किया गया है। विशेष: क. पहली तिमाही (Q1) 2021-22 का मूल्यांकन
-
विनिर्माण कंपनियों ने 2021-22 की पहली तिमाही में उत्पादन, ऑर्डर बहियों और रोज़गार स्थितियों के संदर्भ में मांग स्थितियों के किए गए आकलन में क्षरण होने का मूल्यांकन किया है (सारणी-ए)।
-
वित्त के सभी तीन स्रोतों (बैंकों, आंतरिक जमा निधियों और ओवरसीज स्रोतों) में क्षरण होने के कारण वित्तीय स्थिति से जुड़ी भावनाओं में निराशा देखी गयी।
-
विनिर्माणकर्ताओं का मानना था कि वित्त की लागत और वेतन भुगतान व्यय से उन पर उच्च लागत का दबाव रहेगा। कच्ची सामग्री की लागत का दबाव यद्यपि उच्च रहा तथापि पिछले चक्र की तुलना में निराशावादिता में बहुत मामूली कमी देखी गई ।
-
उत्तरदाताओं ने विक्रय मूल्यों में कमी आने के विकल्प को चुना लेकिन लाभ मार्जिन पर उनकी भावनाएं कमजोर रहीं।
-
कारोबार मूल्यांकन सूचकांक (BAI)2 पिछली तिमाही के 113.1 से संकुचित हो के पहली तिमाही में 89.7 हो गया , जो 2020-21 की पहली तिमाही में महामारी के आरंभिक काल में परिलक्षित गिरावट से काफी कम है (चार्ट-1)।
ख. दूसरी तिमाही (Q2) 2021-22 के लिए अपेक्षाएं
-
2021-22 की दूसरी तिमाही के लिए उत्पादन मात्रा, नए ऑर्डस और रोज़गार लैंडस्केप में सुधार की उम्मीद ज़ाहिर की गई है।
-
समग्र वित्तीय स्थिति के प्रति विनिर्माणकर्ताओं में आशावादिता देखने को मिली है।
-
उत्तरदाताओं के एक बड़े भाग ने कच्ची सामग्री का क्रय और वेतन भुगतान के कारण उच्च दबाव रहने की उम्मीद जताई है, यद्यपि ऐसी कंपनियों की हिस्सेदारी में मामूली कमी देखने को मिली है।
-
अधिकांश कंपनियों ने लाभ मार्जिन में सुधार होने का अनुमान किया है।
-
2021-22 की दूसरी तिमाही में व्यापार अपेक्षा सूचकांक (BEI) बढ़कर 124.1 हो गया, जो कि 2021-22 की पहली तिमाही में 119.6 (चार्ट-1)।
ग. 2021-22 की तीसरी तिमाही और 2021-22 की चौथी तिमाही के लिए अपेक्षाएं
-
2021-22 की तीसरी तिमाही और 2021-22 की चौथी तिमाही के लिए विनिर्माणकर्ताओं द्वारा उत्पादन और समग्र कारोबार की स्थितियों में आगे और सुधार होने की संभावनाएं व्यक्त की गई हैं (सारणी-बी) ।
-
क्षमता उपयोग और रोज़गार स्थितियों में आगे और सुधार होने की गुंजाइश है।
-
उत्तरदाताओं ने कच्ची सामग्री की लागत में वृद्धि रहने का अनुमान किया है यद्यपि थोड़ी-बहुत नरमी के साथ उच्च दबाव बना रहेगा ।
Table A: Summary of Net responses3 on Survey Parameters |
(per cent) |
Parameters |
Assessment period |
Expectation period |
Q4:2020-21 |
Q1:2021-22 |
Q1:2021-22 |
Q2:2021-22 |
Production |
36.3 |
-25.9 |
43.7 |
52.0 |
Order Books |
33.1 |
-16.4 |
43.2 |
50.4 |
Pending Orders |
-3.0 |
10.0 |
-2.4 |
-3.7 |
Capacity Utilisation |
29.1 |
-26.1 |
38.0 |
45.4 |
Inventory of Raw Materials |
-11.1 |
-0.3 |
-11.8 |
-17.5 |
Inventory of Finished Goods |
-7.6 |
-4.2 |
-10.9 |
-19.4 |
Exports |
15.5 |
-7.8 |
29.6 |
43.6 |
Imports |
16.4 |
1.7 |
26.1 |
42.8 |
Employment |
10.9 |
-3.5 |
17.9 |
26.1 |
Financial Situation (Overall) |
29.4 |
-12.7 |
47.3 |
48.2 |
Availability of Finance (from internal accruals) |
23.7 |
-4.3 |
34.7 |
38.6 |
Availability of Finance (from banks & other sources) |
16.5 |
-2.4 |
25.6 |
35.5 |
Availability of Finance (from overseas, if applicable) |
2.7 |
1.6 |
13.4 |
42.7 |
Cost of Finance |
-3.4 |
-4.5 |
-13.9 |
-31.5 |
Cost of Raw Material |
-69.0 |
-52.3 |
-62.4 |
-54.9 |
Salary/ Other Remuneration |
-18.7 |
-19.9 |
-41.6 |
-31.6 |
Selling Price |
22.7 |
19.6 |
29.2 |
28.2 |
Profit Margin |
2.0 |
-32.2 |
11.0 |
32.7 |
Overall Business Situation |
36.5 |
-20.6 |
52.5 |
52.4 |
Note: Please see the excel file for time series data |
Table B: Business Expectations of Select Parameters for extended period – Net response |
(per cent) |
Parameters |
Round 93 |
Round 94 |
Q1:2021-22 |
Q2:2021-22 |
Q3:2021-22 |
Q4:2021-22 |
Overall Business Situation |
52.5 |
52.4 |
71.2 |
70.4 |
Production |
43.7 |
52.0 |
72.0 |
69.6 |
Order Books |
43.2 |
50.4 |
72.8 |
70.1 |
Capacity Utilisation |
38.0 |
45.4 |
63.0 |
61.6 |
Employment |
17.9 |
26.1 |
43.1 |
32.8 |
Cost of Raw Materials |
-62.4 |
-54.9 |
-55.7 |
-53.7 |
Selling Prices |
29.2 |
28.2 |
43.0 |
32.2 |
Table 1: Assessment and Expectations for Production |
(Percentage responses) |
Quarter |
Total response |
Assessment |
Expectations |
Increase |
Decrease |
No change |
Net response |
Increase |
Decrease |
No change |
Net response |
Q1:2020-21 |
802 |
8.3 |
72.2 |
19.5 |
-63.9 |
37.8 |
14.1 |
48.1 |
23.7 |
Q2:2020-21 |
959 |
42.4 |
32.1 |
25.5 |
10.3 |
41.4 |
30.2 |
28.5 |
11.2 |
Q3:2020-21 |
1,011 |
46.6 |
19.4 |
34.0 |
27.2 |
43.4 |
16.9 |
39.7 |
26.4 |
Q4:2020-21 |
967 |
48.9 |
12.6 |
38.5 |
36.3 |
43.7 |
12.2 |
44.0 |
31.5 |
Q1:2021-22 |
1,281 |
16.5 |
42.3 |
41.2 |
-25.9 |
53.3 |
9.7 |
37.0 |
43.7 |
Q2:2021-22 |
|
|
|
|
|
58.8 |
6.8 |
34.3 |
52.0 |
‘Increase’ in production is optimistic. Note: The sum of components may not add up to total due to rounding off (This is applicable for all tables). |
Table 2: Assessment and Expectations for Order Books |
(Percentage responses) |
Quarter |
Total response |
Assessment |
Expectations |
Increase |
Decrease |
No change |
Net response |
Increase |
Decrease |
No change |
Net response |
Q1:2020-21 |
802 |
8.9 |
63.8 |
27.3 |
-54.9 |
33.5 |
15.1 |
51.4 |
18.4 |
Q2:2020-21 |
959 |
37.2 |
31.3 |
31.5 |
5.9 |
36.4 |
28.4 |
35.3 |
8.0 |
Q3:2020-21 |
1,011 |
40.3 |
19.8 |
40.0 |
20.5 |
39.2 |
18.6 |
42.2 |
20.6 |
Q4:2020-21 |
967 |
46.4 |
13.3 |
40.3 |
33.1 |
41.1 |
13.7 |
45.2 |
27.3 |
Q1:2021-22 |
1,281 |
20.0 |
36.5 |
43.5 |
-16.4 |
51.0 |
7.8 |
41.1 |
43.2 |
Q2:2021-22 |
|
|
|
|
|
56.9 |
6.5 |
36.7 |
50.4 |
‘Increase’ in order books is optimistic. |
Table 3: Assessment and Expectations for Pending Orders |
(Percentage responses) |
Quarter |
Total response |
Assessment |
Expectations |
Above Normal |
Below Normal |
Normal |
Net response |
Above Normal |
Below Normal |
Normal |
Net response |
Q1:2020-21 |
802 |
6.1 |
47.3 |
46.6 |
41.2 |
4.6 |
16.2 |
79.1 |
11.6 |
Q2:2020-21 |
959 |
7.2 |
30.1 |
62.7 |
22.8 |
5.8 |
31.8 |
62.4 |
26.0 |
Q3:2020-21 |
1,011 |
7.2 |
19.2 |
73.6 |
12.0 |
7.4 |
21.5 |
71.1 |
14.2 |
Q4:2020-21 |
967 |
13.2 |
10.2 |
76.6 |
-3.0 |
5.6 |
14.8 |
79.7 |
9.2 |
Q1:2021-22 |
1,281 |
7.4 |
17.5 |
75.1 |
10.0 |
11.6 |
9.2 |
79.3 |
-2.4 |
Q2:2021-22 |
|
|
|
|
|
10.8 |
7.2 |
82.0 |
-3.7 |
Pending orders ‘Below Normal’ is optimistic. |
Table 4: Assessment and Expectations for Capacity Utilisation (Main Product) |
(Percentage responses) |
Quarter |
Total response |
Assessment |
Expectations |
Increase |
Decrease |
No change |
Net response |
Increase |
Decrease |
No change |
Net response |
Q1:2020-21 |
802 |
6.0 |
67.6 |
26.3 |
-61.6 |
25.5 |
14.2 |
60.3 |
11.3 |
Q2:2020-21 |
959 |
31.8 |
30.2 |
37.9 |
1.6 |
36.2 |
28.6 |
35.2 |
7.6 |
Q3:2020-21 |
1,011 |
35.3 |
18.0 |
46.7 |
17.3 |
32.4 |
15.0 |
52.6 |
17.5 |
Q4:2020-21 |
967 |
40.6 |
11.5 |
47.9 |
29.1 |
34.7 |
10.6 |
54.7 |
24.1 |
Q1:2021-22 |
1,281 |
13.4 |
39.5 |
47.1 |
-26.1 |
45.2 |
7.3 |
47.5 |
38.0 |
Q2:2021-22 |
|
|
|
|
|
51.6 |
6.2 |
42.2 |
45.4 |
‘Increase’ in capacity utilisation is optimistic. |
Table 5: Assessment and Expectations for Level of CU (compared to the average in last 4 quarters) |
(Percentage responses) |
Quarter |
Total response |
Assessment |
Expectations |
Above Normal |
Below Normal |
Normal |
Net response |
Above Normal |
Below Normal |
Normal |
Net response |
Q1:2020-21 |
802 |
2.7 |
63.6 |
33.7 |
-60.9 |
9.1 |
16.4 |
74.5 |
-7.3 |
Q2:2020-21 |
959 |
5.9 |
43.4 |
50.8 |
-37.5 |
5.8 |
39.2 |
55.0 |
-33.5 |
Q3:2020-21 |
1,011 |
11.3 |
23.2 |
65.5 |
-12.0 |
8.3 |
25.5 |
66.2 |
-17.2 |
Q4:2020-21 |
967 |
21.3 |
12.2 |
66.5 |
9.1 |
11.7 |
15.3 |
73.0 |
-3.6 |
Q1:2021-22 |
1,281 |
5.2 |
18.4 |
76.3 |
-13.2 |
25.3 |
8.4 |
66.2 |
16.9 |
Q2:2021-22 |
|
|
|
|
|
15.6 |
7.9 |
76.5 |
7.7 |
‘Above Normal’ in Level of capacity utilisation is optimistic. |
Table 6: Assessment and Expectations for Assessment of Production Capacity (with regard to expected demand in next 6 months) |
(Percentage responses) |
Quarter |
Total response |
Assessment |
Expectations |
More than adequate |
Less than adequate |
Adequate |
Net response |
More than adequate |
Less than adequate |
Adequate |
Net response |
Q1:2020-21 |
802 |
19.0 |
24.5 |
56.5 |
-5.6 |
13.7 |
8.8 |
77.5 |
4.9 |
Q2:2020-21 |
959 |
15.9 |
17.2 |
66.9 |
-1.3 |
18.7 |
17.3 |
64.0 |
1.3 |
Q3:2020-21 |
1,011 |
14.1 |
11.2 |
74.6 |
2.9 |
15.9 |
12.3 |
71.8 |
3.5 |
Q4:2020-21 |
967 |
15.5 |
10.0 |
74.5 |
5.5 |
14.2 |
9.3 |
76.5 |
5.0 |
Q1:2021-22 |
1,281 |
10.8 |
13.0 |
76.2 |
-2.2 |
20.2 |
7.3 |
72.5 |
12.9 |
Q2:2021-22 |
|
|
|
|
|
28.4 |
5.8 |
65.8 |
22.6 |
‘More than adequate’ in Assessment of Production Capacity is optimistic. |
Table 7: Assessment and Expectations for Exports |
(Percentage responses) |
Quarter |
Total response |
Assessment |
Expectations |
Increase |
Decrease |
No change |
Net response |
Increase |
Decrease |
No change |
Net response |
Q1:2020-21 |
802 |
8.7 |
50.4 |
40.9 |
-41.7 |
22.5 |
11.5 |
66.0 |
11.0 |
Q2:2020-21 |
959 |
25.3 |
25.9 |
48.8 |
-0.6 |
23.1 |
26.9 |
50.0 |
-3.8 |
Q3:2020-21 |
1,011 |
22.5 |
17.9 |
59.5 |
4.6 |
25.1 |
17.6 |
57.3 |
7.5 |
Q4:2020-21 |
967 |
31.6 |
16.0 |
52.4 |
15.5 |
25.1 |
12.1 |
62.7 |
13.0 |
Q1:2021-22 |
1,281 |
18.3 |
26.1 |
55.6 |
-7.8 |
38.7 |
9.0 |
52.3 |
29.6 |
Q2:2021-22 |
|
|
|
|
|
49.8 |
6.2 |
44.0 |
43.6 |
‘Increase’ in exports is optimistic. |
Table 8: Assessment and Expectations for Imports |
(Percentage responses) |
Quarter |
Total response |
Assessment |
Expectations |
Increase |
Decrease |
No change |
Net response |
Increase |
Decrease |
No change |
Net response |
Q1:2020-21 |
802 |
7.6 |
40.5 |
51.8 |
-32.9 |
16.9 |
10.3 |
72.8 |
6.6 |
Q2:2020-21 |
959 |
18.4 |
21.2 |
60.5 |
-2.8 |
19.9 |
21.0 |
59.1 |
-1.0 |
Q3:2020-21 |
1,011 |
19.6 |
13.3 |
67.2 |
6.3 |
17.3 |
12.4 |
70.4 |
4.9 |
Q4:2020-21 |
967 |
25.8 |
9.3 |
64.9 |
16.4 |
17.7 |
9.1 |
73.2 |
8.5 |
Q1:2021-22 |
1,281 |
18.9 |
17.1 |
64.0 |
1.7 |
32.6 |
6.6 |
60.8 |
26.1 |
Q2:2021-22 |
|
|
|
|
|
47.3 |
4.5 |
48.3 |
42.8 |
‘Increase’ in imports is optimistic. |
Table 9: Assessment and Expectations for level of Raw Materials Inventory |
(Percentage responses) |
Quarter |
Total response |
Assessment |
Expectations |
Above average |
Below average |
Average |
Net response |
Above average |
Below average |
Average |
Net response |
Q1:2020-21 |
802 |
21.3 |
13.5 |
65.2 |
-7.8 |
9.8 |
6.9 |
83.3 |
-2.9 |
Q2:2020-21 |
959 |
16.7 |
10.9 |
72.3 |
-5.8 |
15.5 |
9.7 |
74.8 |
-5.9 |
Q3:2020-21 |
1,011 |
13.1 |
7.7 |
79.3 |
-5.4 |
11.5 |
7.4 |
81.1 |
-4.2 |
Q4:2020-21 |
967 |
17.5 |
6.5 |
76.0 |
-11.1 |
12.0 |
5.3 |
82.8 |
-6.7 |
Q1:2021-22 |
1,281 |
11.5 |
11.2 |
77.3 |
-0.3 |
17.2 |
5.4 |
77.4 |
-11.8 |
Q2:2021-22 |
|
|
|
|
|
23.7 |
6.2 |
70.0 |
-17.5 |
‘Below average’ Inventory of raw materials is optimistic. |
Table 10: Assessment and Expectations for level of Finished Goods Inventory |
(Percentage responses) |
Quarter |
Total response |
Assessment |
Expectations |
Above average |
Below average |
Average |
Net response |
Above average |
Below average |
Average |
Net response |
Q1:2020-21 |
802 |
27.0 |
14.3 |
58.7 |
-12.6 |
10.4 |
6.2 |
83.4 |
-4.3 |
Q2:2020-21 |
959 |
18.9 |
10.2 |
70.9 |
-8.7 |
17.2 |
9.5 |
73.3 |
-7.6 |
Q3:2020-21 |
1,011 |
12.8 |
8.1 |
79.1 |
-4.6 |
12.4 |
7.2 |
80.4 |
-5.3 |
Q4:2020-21 |
967 |
15.2 |
7.5 |
77.3 |
-7.6 |
11.5 |
5.1 |
83.4 |
-6.3 |
Q1:2021-22 |
1,281 |
14.4 |
10.2 |
75.4 |
-4.2 |
16.4 |
5.5 |
78.1 |
-10.9 |
Q2:2021-22 |
|
|
|
|
|
25.0 |
5.6 |
69.4 |
-19.4 |
‘Below average’ Inventory of finished goods is optimistic. |
Table 11: Assessment and Expectations for Employment |
(Percentage responses) |
Quarter |
Total response |
Assessment |
Expectations |
Increase |
Decrease |
No change |
Net response |
Increase |
Decrease |
No change |
Net response |
Q1:2020-21 |
802 |
3.9 |
32.5 |
63.7 |
-28.6 |
14.3 |
9.0 |
76.7 |
5.2 |
Q2:2020-21 |
959 |
11.8 |
21.0 |
67.2 |
-9.2 |
11.0 |
18.7 |
70.3 |
-7.7 |
Q3:2020-21 |
1,011 |
15.5 |
11.6 |
73.0 |
3.9 |
14.5 |
12.1 |
73.3 |
2.4 |
Q4:2020-21 |
967 |
19.4 |
8.5 |
72.1 |
10.9 |
14.6 |
7.3 |
78.1 |
7.2 |
Q1:2021-22 |
1,281 |
9.1 |
12.7 |
78.2 |
-3.5 |
23.5 |
5.5 |
71.0 |
17.9 |
Q2:2021-22 |
|
|
|
|
|
28.6 |
2.5 |
69.0 |
26.1 |
‘Increase’ in employment is optimistic. |
Table 12: Assessment and Expectations for Overall Financial Situation |
(Percentage responses) |
Quarter |
Total response |
Assessment |
Expectations |
Better |
Worsen |
No change |
Net response |
Better |
Worsen |
No change |
Net response |
Q1:2020-21 |
802 |
8.7 |
57.6 |
33.6 |
-48.9 |
33.1 |
8.8 |
58.0 |
24.3 |
Q2:2020-21 |
959 |
31.8 |
23.9 |
44.3 |
7.8 |
34.6 |
23.2 |
42.2 |
11.4 |
Q3:2020-21 |
1,011 |
40.4 |
12.9 |
46.7 |
27.5 |
36.7 |
11.4 |
51.9 |
25.3 |
Q4:2020-21 |
967 |
43.0 |
13.6 |
43.4 |
29.4 |
39.2 |
6.2 |
54.6 |
33.0 |
Q1:2021-22 |
1,281 |
17.8 |
30.6 |
51.6 |
-12.7 |
53.4 |
6.1 |
40.5 |
47.3 |
Q2:2021-22 |
|
|
|
|
|
54.0 |
5.8 |
40.2 |
48.2 |
‘Better’ overall financial situation is optimistic. |
Table 13: Assessment and Expectations for Working Capital Finance Requirement |
(Percentage responses) |
Quarter |
Total response |
Assessment |
Expectations |
Increase |
Decrease |
No change |
Net response |
Increase |
Decrease |
No change |
Net response |
Q1:2020-21 |
802 |
36.9 |
18.8 |
44.4 |
18.1 |
28.8 |
5.7 |
65.5 |
23.1 |
Q2:2020-21 |
959 |
33.3 |
11.4 |
55.3 |
21.9 |
37.2 |
11.5 |
51.3 |
25.7 |
Q3:2020-21 |
1,011 |
30.7 |
7.1 |
62.2 |
23.7 |
31.3 |
6.9 |
61.8 |
24.4 |
Q4:2020-21 |
967 |
30.8 |
7.7 |
61.4 |
23.1 |
28.5 |
3.7 |
67.8 |
24.8 |
Q1:2021-22 |
1,281 |
24.4 |
14.0 |
61.7 |
10.4 |
37.6 |
5.2 |
57.3 |
32.4 |
Q2:2021-22 |
|
|
|
|
|
44.7 |
3.0 |
52.2 |
41.7 |
‘Increase’ in working capital finance is optimistic. |
Table 14: Assessment and Expectations for Availability of Finance (from Internal Accruals) |
(Percentage responses) |
Quarter |
Total response |
Assessment |
Expectations |
Improve |
Worsen |
No change |
Net response |
Improve |
Worsen |
No change |
Net response |
Q1:2020-21 |
802 |
7.2 |
38.0 |
54.8 |
-30.8 |
23.1 |
6.0 |
70.9 |
17.0 |
Q2:2020-21 |
959 |
22.2 |
18.4 |
59.5 |
3.8 |
22.5 |
16.1 |
61.3 |
6.4 |
Q3:2020-21 |
1,011 |
27.2 |
9.7 |
63.1 |
17.4 |
24.8 |
9.7 |
65.5 |
15.1 |
Q4:2020-21 |
967 |
33.3 |
9.6 |
57.1 |
23.7 |
28.3 |
5.6 |
66.1 |
22.8 |
Q1:2021-22 |
1,281 |
13.3 |
17.6 |
69.1 |
-4.3 |
39.7 |
5.1 |
55.2 |
34.7 |
Q2:2021-22 |
|
|
|
|
|
42.4 |
3.8 |
53.7 |
38.6 |
‘Improvement’ in availability of finance is optimistic. |
Table 15: Assessment and Expectations for Availability of Finance (from banks and other sources) |
(Percentage responses) |
Quarter |
Total response |
Assessment |
Expectations |
Improve |
Worsen |
No change |
Net response |
Improve |
Worsen |
No change |
Net response |
Q1:2020-21 |
802 |
12.9 |
15.8 |
71.3 |
-3.0 |
18.1 |
6.4 |
75.4 |
11.7 |
Q2:2020-21 |
959 |
20.3 |
8.3 |
71.4 |
12.0 |
20.4 |
9.8 |
69.8 |
10.6 |
Q3:2020-21 |
1,011 |
21.0 |
6.1 |
72.8 |
14.9 |
19.4 |
5.8 |
74.8 |
13.6 |
Q4:2020-21 |
967 |
23.1 |
6.6 |
70.3 |
16.5 |
19.6 |
4.3 |
76.1 |
15.3 |
Q1:2021-22 |
1,281 |
10.7 |
13.1 |
76.1 |
-2.4 |
30.0 |
4.4 |
65.6 |
25.6 |
Q2:2021-22 |
|
|
|
|
|
38.4 |
2.9 |
58.8 |
35.5 |
‘Improvement’ in availability of finance is optimistic. |
Table 16: Assessment and Expectations for Availability of Finance (from overseas, if applicable) |
(Percentage responses) |
Quarter |
Total response |
Assessment |
Expectations |
Improve |
Worsen |
No change |
Net response |
Improve |
Worsen |
No change |
Net response |
Q1:2020-21 |
802 |
3.2 |
13.5 |
83.3 |
-10.3 |
7.9 |
4.0 |
88.1 |
4.0 |
Q2:2020-21 |
959 |
6.8 |
7.4 |
85.7 |
-0.6 |
7.9 |
9.9 |
82.2 |
-2.0 |
Q3:2020-21 |
1,011 |
5.8 |
5.0 |
89.2 |
0.8 |
7.2 |
6.6 |
86.1 |
0.6 |
Q4:2020-21 |
967 |
7.5 |
4.8 |
87.7 |
2.7 |
7.2 |
3.4 |
89.3 |
3.8 |
Q1:2021-22 |
1,281 |
13.6 |
12.0 |
74.5 |
1.6 |
16.5 |
3.1 |
80.3 |
13.4 |
Q2:2021-22 |
|
|
|
|
|
44.0 |
1.3 |
54.7 |
42.7 |
‘Improvement’ in availability of finance is optimistic. |
Table 17: Assessment and Expectations for Cost of Finance |
(Percentage responses) |
Quarter |
Total response |
Assessment |
Expectations |
Increase |
Decrease |
No change |
Net response |
Increase |
Decrease |
No change |
Net response |
Q1:2020-21 |
802 |
16.3 |
15.9 |
67.8 |
-0.4 |
12.7 |
6.6 |
80.6 |
-6.1 |
Q2:2020-21 |
959 |
17.5 |
14.7 |
67.7 |
-2.8 |
17.6 |
10.9 |
71.5 |
-6.7 |
Q3:2020-21 |
1,011 |
13.3 |
13.5 |
73.2 |
0.2 |
15.5 |
8.8 |
75.7 |
-6.7 |
Q4:2020-21 |
967 |
16.7 |
13.3 |
70.0 |
-3.4 |
13.3 |
8.3 |
78.4 |
-5.0 |
Q1:2021-22 |
1,281 |
15.7 |
11.3 |
73.0 |
-4.5 |
22.2 |
8.2 |
69.6 |
-13.9 |
Q2:2021-22 |
|
|
|
|
|
34.9 |
3.3 |
61.8 |
-31.5 |
‘Decrease’ in cost of finance is optimistic. |
Table 18: Assessment and Expectations for Cost of Raw Materials |
(Percentage responses) |
Quarter |
Total response |
Assessment |
Expectations |
Increase |
Decrease |
No change |
Net response |
Increase |
Decrease |
No change |
Net response |
Q1:2020-21 |
802 |
39.9 |
10.7 |
49.4 |
-29.3 |
38.9 |
5.3 |
55.7 |
-33.6 |
Q2:2020-21 |
959 |
46.1 |
8.2 |
45.7 |
-38.0 |
37.8 |
5.7 |
56.5 |
-32.0 |
Q3:2020-21 |
1,011 |
55.5 |
3.9 |
40.6 |
-51.6 |
36.7 |
4.6 |
58.7 |
-32.1 |
Q4:2020-21 |
967 |
71.0 |
2.0 |
26.9 |
-69.0 |
45.2 |
2.6 |
52.2 |
-42.7 |
Q1:2021-22 |
1,281 |
58.1 |
5.8 |
36.1 |
-52.3 |
64.9 |
2.5 |
32.6 |
-62.4 |
Q2:2021-22 |
|
|
|
|
|
56.8 |
2.0 |
41.2 |
-54.9 |
‘Decrease’ in cost of raw materials is optimistic. |
Table 19: Assessment and Expectations for Salary/Other Remuneration |
(Percentage responses) |
Quarter |
Total response |
Assessment |
Expectations |
Increase |
Decrease |
No change |
Net response |
Increase |
Decrease |
No change |
Net response |
Q1:2020-21 |
802 |
12.4 |
22.0 |
65.5 |
9.6 |
35.8 |
2.7 |
61.5 |
-33.1 |
Q2:2020-21 |
959 |
15.7 |
12.9 |
71.4 |
-2.8 |
16.5 |
12.5 |
70.9 |
-4.0 |
Q3:2020-21 |
1,011 |
20.8 |
6.8 |
72.3 |
-14.0 |
15.8 |
6.8 |
77.4 |
-9.0 |
Q4:2020-21 |
967 |
21.8 |
3.1 |
75.1 |
-18.7 |
19.9 |
3.9 |
76.2 |
-16.0 |
Q1:2021-22 |
1,281 |
26.4 |
6.5 |
67.1 |
-19.9 |
42.7 |
1.2 |
56.1 |
-41.6 |
Q2:2021-22 |
|
|
|
|
|
32.5 |
0.9 |
66.6 |
-31.6 |
‘Decrease’ in Salary / other remuneration is optimistic. |
Table 20: Assessment and Expectations for Selling Price |
(Percentage responses) |
Quarter |
Total response |
Assessment |
Expectations |
Increase |
Decrease |
No change |
Net response |
Increase |
Decrease |
No change |
Net response |
Q1:2020-21 |
802 |
9.5 |
26.6 |
64.0 |
-17.1 |
18.0 |
9.7 |
72.3 |
8.3 |
Q2:2020-21 |
959 |
13.9 |
19.7 |
66.4 |
-5.8 |
12.9 |
18.9 |
68.1 |
-6.0 |
Q3:2020-21 |
1,011 |
21.9 |
12.5 |
65.6 |
9.4 |
12.8 |
13.0 |
74.3 |
-0.2 |
Q4:2020-21 |
967 |
31.3 |
8.6 |
60.1 |
22.7 |
19.6 |
8.9 |
71.5 |
10.7 |
Q1:2021-22 |
1,281 |
26.9 |
7.3 |
65.8 |
19.6 |
35.0 |
5.8 |
59.1 |
29.2 |
Q2:2021-22 |
|
|
|
|
|
31.1 |
2.9 |
66.0 |
28.2 |
‘Increase’ in selling price is optimistic. |
Table 21: Assessment and Expectations for Profit Margin |
(Percentage responses) |
Quarter |
Total response |
Assessment |
Expectations |
Increase |
Decrease |
No change |
Net response |
Increase |
Decrease |
No change |
Net response |
Q1:2020-21 |
802 |
5.0 |
61.8 |
33.2 |
-56.8 |
17.5 |
20.4 |
62.1 |
-2.9 |
Q2:2020-21 |
959 |
15.3 |
41.8 |
43.0 |
-26.5 |
13.7 |
40.5 |
45.8 |
-26.8 |
Q3:2020-21 |
1,011 |
17.4 |
29.1 |
53.5 |
-11.8 |
14.7 |
26.7 |
58.6 |
-12.0 |
Q4:2020-21 |
967 |
24.9 |
22.9 |
52.1 |
2.0 |
17.8 |
20.1 |
62.1 |
-2.4 |
Q1:2021-22 |
1,281 |
11.8 |
44.0 |
44.2 |
-32.2 |
28.8 |
17.8 |
53.4 |
11.0 |
Q2:2021-22 |
|
|
|
|
|
43.7 |
11.0 |
45.3 |
32.7 |
‘Increase’ in profit margin is optimistic. |
Table 22: Assessment and Expectations for Overall Business Situation |
(Percentage responses) |
Quarter |
Total response |
Assessment |
Expectations |
Better |
Worsen |
No change |
Net response |
Better |
Worsen |
No change |
Net response |
Q1:2020-21 |
802 |
8.3 |
68.5 |
23.2 |
-60.2 |
38.6 |
10.4 |
50.9 |
28.2 |
Q2:2020-21 |
959 |
39.6 |
27.9 |
32.5 |
11.8 |
41.0 |
25.3 |
33.6 |
15.7 |
Q3:2020-21 |
1,011 |
46.7 |
13.8 |
39.6 |
32.9 |
45.7 |
12.8 |
41.6 |
32.9 |
Q4:2020-21 |
967 |
49.0 |
12.4 |
38.6 |
36.5 |
48.2 |
7.6 |
44.2 |
40.7 |
Q1:2021-22 |
1,281 |
18.6 |
39.2 |
42.3 |
-20.6 |
57.7 |
5.1 |
37.2 |
52.5 |
Q2:2021-22 |
|
|
|
|
|
59.9 |
7.5 |
32.5 |
52.4 |
‘Better’ Overall Business Situation is optimistic. |
Table 23: Business Sentiments |
Quarter |
Business Assessment Index (BAI) |
Business Expectations Index (BEI) |
Q1:2020-21 |
55.3 |
108.8 |
Q2:2020-21 |
96.2 |
99.5 |
Q3:2020-21 |
108.6 |
111.4 |
Q4:2020-21 |
113.1 |
114.1 |
Q1:2021-22 |
89.7 |
119.6 |
Q2:2021-22 |
|
124.1 |
|