Manufacturing recovery seen in September quarter: Survey

NEW DELHI: The country’s

manufacturing sector

is expected to post a

recovery

in the July-September quarter, even as the hiring outlook for the segment remains bleak, according to a

survey

.


The share of respondents in industry body Ficci’s latest quarterly survey on manufacturing who reported higher output during July-September rose to 24%, as compared to 10% in the

previous quarter

.

Besides, the share of respondents expecting low or same production is 74% in the second quarter, which was 90% in the first quarter of FY21.

However, hiring outlook for the sector, though improving slightly, shows a bleak picture as 80% respondents mentioned that they are not likely to hire additional workforce in the next three months.