D&B India sees marginal recovery in business sentiment
08 April 2009
The economic crisis and rising unemployment will cast an even longer shadow of uncertainty on companies in the second quarter of 2009, reveals a latest study by Dun & Bradstreet (D&B), leading global financial data services company.
The survey includes several sectors such as basic goods, capital goods, intermediate goods, consumer durables, consumer non-durables and service sectors.
The D&B Composite Business Optimism Index (BOI) for Q2 2009 declined by around 2 per cent to a new low of 93.8, after touching 95.7 in Q1 2009.
However, the pace of contraction is lower as compared to the previous quarter; in Q1 2009 the Composite Optimism Index fell by 31 per cent (Q-o-Q).
On a year on year basis, the BOI for Q2 2009 recorded a decrease of 39 per cent as against a decline of 43 per cent in Q1 2009.
The BOI of D&B is widely recognised as an indicator, which measures the pulse of the business community and serves as a reliable benchmark for investors. The index is arrived at on the basis of a quarterly survey of business expectations.