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Last updated: 11 Feb, 2019  

Exports.9.Thmb.jpg Exports outlook stable for third quarter: Survey

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SME Times News Bureau | 11 Feb, 2019

A latest survey has found that the outlook for exports for the October-December period is somewhat stable.

The outlook for exports is somewhat stable as 36% of the participants are expecting a rise in exports for Q-3 2018-19 and 32% are expecting exports to continue on same path as that of same quarter last year, observed the Survey, said the survey.

However, rupee depreciation has not led to any significant increase in exports as 78% of the respondents reported that the exports were not affected much by rupee depreciation, it added.

There were other global factors that are restricting the growth of our exports, the survey pointed out.

On manufacturing , the percentage of respondents reporting higher production in third quarter were much higher than those reporting higher production in Q-3 of 2017-18. The proportion of respondents reporting higher output growth during the October-December 2018 quarter was 54% as compared to 47% in Q-3 of 2017-18.

The percentage of respondents reporting low production was only 13.5% in Q-3 2018-19 as compared to 15% in Q-3 of 2017-18.

Similarly, on hiring front the outlook for the sector seems to have slightly improved for near future. While in Q-3 of 2017-18, 70% respondents mentioned that they were not likely to hire additional workforce, this percentage has come down to 65% for Q-3 of 2018-19.

Going forward it is expected that hiring scenario will improve further, noted the Survey.

 In terms of order books, 43% of the respondents in October-December 2018 are expecting higher number of orders against 42% in October-December 2017-18.

 
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