Business confidence dipped in Q2: survey

Industry sentiment about growth prospects cooled significantly in the July to September quarter (Q2, 2024-25), indicated an index based on a survey of nearly 500 firms across the country.

Reversing course after two quarters of improvements, the Business Confidence Index (BCI), based on an NCAER-NSE Business Expectations Survey, moderated in Q2 to 134.3, compared with a Q1 reading of 149.8, as well as Q2 last year when it was at 140.7.

The BCI is based on four components- ‘overall economic conditions to improve in next six months’; ‘financial position of the firms will improve in next six months’; ‘present investment climate’; and whether ‘present capacity utilisation was close to or above optimal level’.

Published - October 18, 2024 08:10 pm IST

Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.
You might also like