OBICUS Survey on the Manufacturing sector - Q4:2019-20 - ആർബിഐ - Reserve Bank of India
OBICUS Survey on the Manufacturing sector - Q4:2019-20
Today, the Reserve Bank released the results of the 49th round of the Order Books, Inventories and Capacity Utilisation Survey (OBICUS) for the quarter January-March 2020 covering 364 manufacturing companies. The survey provides a snapshot of demand conditions in India’s manufacturing sector1. Highlights: 1) Capacity Utilisation (CU): In the last quarter of 2019-20, CU at the aggregate level increased to 69.9 per cent from 68.6 percent in the previous quarter; it was, however, was much lower vis-à-vis the corresponding quarter a year ago (76.1 per cent). The CU broadly tracks the de-trended index of industrial production (IIP) (Chart 1). Seasonally adjusted CU remained stable at 68.3 per cent in Q4:2019-20 (68.4 per cent in the previous quarter). ![]() 2) Order Books: Manufacturing companies received fewer new orders in Q4:2019-20 as compared with their level a year ago; a marginal decline in new orders was also reported vis-a-vs the previous quarter (Chart 2). ![]() 3) Finished Goods Inventory (FGI) to Sales Ratio: The FGI to sales ratio remained stable as both FGI and sales recorded similar decline for the reporting companies during Q4:2019-20 (Chart 3). 4) Raw Material Inventory (RMI) to Sales Ratio: The RMI to sales ratio surged during Q4:2019-20 reflecting subdued demand conditions (Chart 3). ![]() Historical time series have been made available in excel format. ANNEX 1: Data Tables
1 The survey responses are voluntary. The 48th round of the OBICUS covering 704 manufacturing companies with reference period as October-December 2019 was released on the RBI website on April 03, 2020. |