Dun & Bradstreet Business Optimism Index Up 20.2% (QoQ) in Q4 2024
MUMBAI, India , Oct. 18, 2024 /PRNewswire/ — Dun & Bradstreet, the global leader in business decision data and analytics, releases the 2024 Fourth Quarter Overall Business Optimism Index (BOI). did. The index is 94.8, 20.2% higher than before. Q3 2024. All six optimism indicators showed improvement, with net sales optimism reaching its highest level in 15 quarters. The Dun & Bradstreet Composite Business Optimism Index, which has been measuring changes in business confidence since 2002, is a leading indicator of India’s overall growth and has a correlation coefficient of approximately 80 with gross domestic product (GDP). % is. ).
Dun & Bradstreet Overall Business Optimism Index (BOI) movements: 1st quarter of 2011 to 4th quarter of 2024 (Note: BOI index is on a new basis (2011))
highlights
Sales optimism is at its highest in 15 quarters.
Net profit optimism has improved significantly and is at its highest level since the first quarter of 2020.
Optimism about sales price levels is at its highest in 10 quarters.
Optimistic outlook for new employee hiring improved heading into the fourth quarter of 2024, after being stagnant for four consecutive quarters.
The accommodation and food services sector is the most optimistic regarding three of the six parameters.
Arun Singh, global chief economist at Dun & Bradstreet, said: “Dun & Bradstreet’s business optimism remains strong as India enters the Christmas season, traditionally characterized by increased spending, driven by strong consumer momentum. “The index is at a high level. Businesses are going to benefit from this.” The fourth quarter of 2024 is expected to be driven by festive demand, with sales prices expected to rise by 7 percentage points, sales reaching a 15-quarter high and sales volumes recovering to pre-pandemic levels. This shows that profitability remains strong despite concerns about rising costs and inflation. However, challenges remain, including volatile energy prices, geopolitical uncertainty, high borrowing costs and supply chain disruptions, and renewed hiring appetite reflects confidence in the economic recovery. ”
Key findings from Q4 2024 survey
Optimism about sales volumes improved by 14 points, with lodging and food and beverage services being the most optimistic.
Optimism about net income improved by 11 points. The wholesale and retail trade sector is the most optimistic in this regard, while the utilities sector is the least optimistic.
Optimism regarding the level of selling prices improved by 7 percentage points, with accommodation and food services being the most optimistic regarding this parameter, and information and communication services being the least optimistic.
Optimism about new orders increased by 14 percentage points, with the accommodation and food services sector being the most optimistic, while the electrical, electronics and hardware manufacturing sector was the least optimistic.
Optimism about inventory levels improved by 3 percentage points. While the mining sector is the most optimistic regarding this parameter, the metal manufacturing sector is the least optimistic.
Employee optimism about employment improved by eight points, with the auto manufacturing sector being the most optimistic, while the food, beverage and tobacco manufacturing sector was the least optimistic.
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This report can be downloaded free of charge from the Dun & Bradstreet India website (http://www.dnb.co.in/).
Note to editor
Business Optimism Index (BOI) is a quarterly survey-based index designed to measure the vitality of the business community across India and serves as a reliable indicator of the economy. To calculate the BOI, Dun & Bradstreet surveyed respondents (senior executives) from companies of various sizes (large, medium, and small) across manufacturing and services sectors across India. We are investigating. Respondents are asked about their expectations (in terms of increase, decrease, or no change) about their company’s performance (the six parameters of BOI) in the next quarter compared to the same period last year.
About Dun & Bradstreet:
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