Industry & Economy
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Economy
D&B index predicts optimistic outlook for Q4
Our Bureau
Mumbai
,
Oct. 18
THE Indian chapter of Dun & Bradstreet has announced its composite Business Optimism Index, a measure of business confidence for the future, for India during October-December 2005.
The D&B business expectation survey for the period was conducted in September, amidst concerns raised by rising global crude oil prices.
The index for India, which was introduced in 2002, recorded an increase of 7.1 per cent to 187 from 174 in the previous quarter. The optimism index for volume of sales stood at 92 per cent, compared to 84 per cent in the previous quarter (July-September 2005) with 93 per cent of the respondents expecting an increase in volume of sales, compared to 87 per cent in the previous quarter.
The optimism index for net profits for the period under review also shows an increase by six per cent over the last quarter, with 93 per cent of the respondents anticipating an increase in profitability. Similarly, the index for selling prices, new orders, inventory levels, and employees also increased over the last quarter. For calculating the Business Optimism Index, each of the six parameters is assigned a weightage.
A sample of 350 companies, a microcosmic representation of the country's business community, was randomly selected for the survey, said Ms Yashika Singh, leader, economic analysis group, D&B, at a press conference.
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