Manufacturing Sees Dip in Negative Growth

New Delhi, India – The manu-facturing sector outlook shows improvement in the first quarter of the fiscal (April - June 2017-18) due to a rise in the percentage of respondents reporting higher production as compared to previous quarter, according to FICCI’s latest Quarterly Survey. While the percentage of respondents reporting an improved output growth in the first quarter has increased from 47% (January - March 2016-17) to 49%, there is a dip in the reports of negative growth from 27% (the previous quarter) to 17% (April – June 2017-18). The survey assessed the manufacturers’ expectations for 11 sectors - auto, capital goods, cement and ceramics, chemicals and fertilizers, electronics & electricals, leather and footwear, machine tools, metal and metal products, paper products, textiles and technical textiles, and textiles machinery.

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