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Manufacturing sector looking up as capacity utilisation rose to 80 pc in Q4: FICCI 

 

In a positive sign for the Indian economy, the overall sentiment in the manufacturing sector remains positive as the proportion of respondents reporting higher output growth of around 54 per cent during the January-March 2018-19 period remained the same as compared to the third quarter, says FICCI’s ‘Quarterly Survey on Manufacturing’. 

 

The report points out that, "First time in last many quarters, the overall capacity utilisation in manufacturing has witnessed an increase to 80 per cent in Q4 2018-19. It was hovering at 75 per cent for the last many quarters." 

 

Moreover, on the hiring front, the outlook for the sector seems to have slightly improved for the near future. "While in Q4 of 2017-18, 70 per cent respondents mentioned that they were not likely to hire additional workforce, this percentage has come down to 62.5 per cent for Q4 of 2018-19," it added.

 

The survey assessed manufacturers in 12 major sectors, namely, automotive, capital goods, cement and ceramics, chemicals, textiles, leather and footwear, metal and metal products, fertilisers and pharmaceuticals, and others. The responses were drawn from over 300 manufacturing units from both large and SME segments with a combined annual turnover of over Rs 3.56 lakh crore, said a release.

 

Source: Exim News Service: New Delhi, May 14

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