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Business confidence for July-Sep up: D&B
By agencies
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Thursday, 21 July 2005, 19:30 IST
MUMBAI: The Indian economy is in fine fettle despite the rising crude oil prices, and business confidence has risen compared with the previous quarter, according to the Dun and Bradstreet Business Expectation Survey for July-September (Q3) 2005, released today.
At 174, the business optimism index for Q3 2005 is 5.6 percent higher than the previous quarter's 162.5.
Inventory, employees and net profits are the three optimism indices that have risen while net sales, selling prices and new orders have declined compared with the previous quarter.
Of the 300 corporate respondents in Mumbai and Delhi, 87 percent expect sales volumes to surge in this quarter, and only 3 percent expect a decline. The resultant optimism index for volume of sales stands at 84 percent compared with 85 percent in the previous quarter.
The optimism index for net profits for Q3 2005 is at 86 percent, an increase of three percentage points over the previous quarter. Of the respondents, 89 percent anticipate increase in profitability and 3 percent expect a decline.