Reserve Bank released the results of 107th round of its quarterly industrial outlook survey (IOS) yesterday. Manufacturing companies reported some moderation in demand expansion during Q2:2024-25 as reflected in their assessment on production, order books, capacity utilisation, employment and overall business situation. Pressures from cost of raw material, financing cost and salary outgo were assessed to have tempered and, in accordance, sentiments on growth in selling prices and profit margins also moderated. The business assessment index (BAI) remained in expansion zone but moderated to 108.3 in Q2:2024-25 from 110.8 in the previous quarter.
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