Business sentiment among Indian companies rose for the first time in three months in January, largely supported by the first increase in new orders since last June, a survey said today.
Business sentiment among Indian companies rose for the first time in three months in January, largely supported by the first increase in new orders since last June, a survey said today.
Deutsche Boerse’s MNI India Business Sentim-ent Indicator, a gauge of current sentiment among BSE-listed companies, rose from 60.7 in December to 61.8 in January — the highest since October 2015 as domestic orders strengthened.
“On the whole, the January survey was a little more positive, although not unanimo-usly so. On the brighter side, overall sentiment was up, supported by the first increase in new orders since last June,” MNI Indicators chief economist Philip Uglow said.
The rise in sentiment was across both manufacturing and service companies while that of the construction sector fell.
