Business optimism drops yet again
The Dun & Bradstreet Composite Business Optimism Index has shown a further drop in business optimism for India. The index, which stood at 56.4 for the December quarter this year, registered a decline of 19.5% as compared to the year-ago period. Other demand indicators like vehicle sales, domestic air passenger traffic, petroleum consumption and rural wages also had dismal performance. “Optimism for new orders and sales prices are the lowest in nearly 18 years indicating the severity of the slowdown in demand,” stated Manish Sinha, Managing Director – India, Dun & Bradstreet.
The Dun & Bradstreet Composite Business Optimism Index is arrived at on the basis of a quarterly survey of business expectations.