Home / Knowledge / News / Textiles / Industrial sales to improve in H1, reveals Assocham survey
Industrial sales to improve in H1, reveals Assocham survey
04
Feb '15
Industrial sales volume and hiring of workforce is going to improve in the first half of 2015, says the finding of an Assocham Business Confidence Index survey.
 
Around 54.2 per cent of the respondents in the survey felt that not much has really changed on the ground in the last six months, but a greater number of corporate expressed optimism about improve in their industry’s performance in the first six months of 2015.
 
“December 2014 results indicate that the general consensus (62.5 per cent) at the industry level seems to be that their industry’s performance in the coming six months would improve,” said Assocham in a press release.
 
As many as 45.8 per cent respondents to the survey believed that January-March 2015 quarter would not see any change in their domestic investment plans, while a considerable 41.7 per cent expected the job hiring prospects to improve in the next quarter and in subsequent months. Similar outlook was seen as regards international investment plans.
 
Explaining this, DS Rawat, Assocham secretary general, said, “Typically investment follows improvement in sales and profitability. The latter things –sales and profitability are falling in place and there would be a visible change in the next few months following which investment should follow since there is always a lag.”
 
Around 58.3 per cent of the respondents to the Assocham Business Confidence Index said they expected their sales volume to increase during January to March 2015, and 45.8 per cent of them expressed similar outlook for profits.
 
Similarly, majority (58.3 per cent) of the firms expected their order books position to improve in the January-March 2015 quarter, indicating the possibility of a revival in the demand within the economy.
 
However, the industry had concerns as it expected the wage costs to increase in the January-March 2015 quarter, with nearly half the respondents concurring with this view. 
 
In terms of foreign trade, majority of respondents said they expect that there will be no change in their export-import volume.
 
Majority of the respondents felt that raw material prices would not increase further in the January-March 2015 quarter, Assocham said. (RKS) 
 

Fibre2fashion News Desk - India

Must ReadView All

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Pakistan's Finance Minister Mohammad Ishaq Dar presenting Budget 2017-18 in National Assembly in Islamabad on May 26. Courtesy: PID, Pakistan

Textiles | On 27th May 2017

Pakistan Budget 2017-18 proposes 4 new measures

To support the textile sector in Pakistan, finance minister Mohammad...

Textiles | On 27th May 2017

Indian exports can touch $325 bn in 2017-18: FIEO

Indian exports are on upward trend in last few months as the country...

Interviews View All

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search