Industry body Ficci's quarterly survey on manufacturing released on Tuesday, suggested a "slightly less optimistic outlook" for the manufacturing sector in Q3 "as the percentage of respondents reporting higher production in third quarter has fallen vis-a-vis previous quarter".
"This less optimistic outlook for manufacturing in third quarter of current fiscal is reported to be due to factors like rupee appreciation impacting exports, issues with regard to GST implementation and subdued demand in several sectors," Ficci said in the survey report.
Ficci's survey assessed the expectations of manufacturers for Q3 for twelve major sectors.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.
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