Retail

CriSidEx survey finds fewer positive respondents among MSEs in April-June


PUNE: The quarter ended June 30, 2019, saw a moderation in sentiment among micro and small enterprises (MSEs), the 7th CriSidEx survey shows.

At 120, the CriSidEx score for April-June, 2019 (Survey 7) was below the 122 logged in January-March, 2019 (Survey 6) and 127 in April-June 2018 (Survey 3).

Interestingly, between manufacturing and services, the index was positive for services on one common parameter: employee base. Both sectors reported a drop on other index parameters compared with the previous year.

Says Mohammad Mustafa, Chairman and Managing Director, SIDBI, “MSMEs can’t decouple from the broader economic trends. Yet, on a year-on-year basis, an increase in positive sentiment has been reported in a few select segments such as commercial services & supplies, healthcare providers & services, and human resources, while those into gems & jewellery, chemicals, and auto components had a relatively subdued outing.”

Says Amish Mehta, Chief Operating Officer, CRISIL Ltd, “Sentiment in the manufacturing sector was impacted by consumption slowdown stemming from factors such as higher ownership cost in the auto sector, and pre-poll slowdown in domestic tendering, especially in the capital goods segment. In the services sector, the moderation in sentiment was not as sharp as in manufacturing, and was mainly on account of cautious outlook on global economic growth, which is expected to impact IT spends and lower growth in domestic freight demand, given sluggish consumption.”





READ SOURCE

Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.