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D&B's optimism index on India improves QoQ

Our Bureau

MUMBAI, Oct. 17

DUN & Bradstreet today said that its Business Optimism Index for India for the period October-December (Q4) 2002 has shown improvement over the previous quarter - the Composite Business Optimism Index stands at 103.3 compared to 102.4 in the previous quarter.

According to a release, the results of the Business Expectation Survey for Q4 2002 which was conducted in September 2002 reveal that five of the six optimism indices - net sales, net profit, new orders, inventory levels and employees - have recorded an improvement, while the optimism index for selling prices has remained at the same level.

The improvement in these indices reflects the positive signals coming from most economic quarters. According to the release, the optimism indices for net sales, net profits and new orders have reached their highest levels since the inception of the Business Expectations Survey in India.

While 72 per cent of respondents expect an improvement in their sales volume for Q4 2002, only seven per cent expect a decline, hence the resultant optimism index stands at 65 per cent.

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