Business optimism for Jul-Sep quarter slips to record low: Report

| | New Delhi
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Business optimism for Jul-Sep quarter slips to record low: Report

Friday, 07 August 2020 | PTI | New Delhi

Business optimism for the July-September quarter slumped to a record low due to sharp rise in COVID-19 cases, the extension of lockdown in containment zones and staggered easing of restrictions, according to a report.                 

Dun & Bradstreet Composite Business Optimism Index for the July-September quarter fell to a record low of 29.4.

The index registered a decline of 40.6 per cent over the last quarter.     

The BOI covered about 350 senior executives in June this year. 

“The spike in the number of positive Covid-19 cases, the extension of lockdown in containment zones and the staggered easing of restrictions affected the business optimism levels,” said Arun Singh, Global Chief Economist, Dun & Bradstreet.All six optimism indices -- volume of sales, net profits, selling prices, new orders, inventories and employees -- have registered a decline as compared to the previous quarter, the report said.                   

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