Dun & Bradstreet Business Optimism Index Up 20.2% (QoQ) in Q4 2024
mumbai, india, October 18, 2024 /PRNewswire/ — Dun & Bradstreet, the global leader in business decision data and analytics, releases its fourth quarter 2024 Overall Business Optimism Index (BOI). This was 94.8, a 20.2% increase over Q3 2024. All six optimism indicators showed improvement, with net sales reaching their highest level in 15 quarters, indicating an optimistic outlook. The Dun & Bradstreet Composite Business Optimism Index has been measuring changes in business confidence since 2002 and is a leading indicator of India’s economic performance. indian The correlation coefficient with gross domestic product (GDP) is approximately 80%.
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 lodging and food services sector is the most optimistic regarding three of the six parameters.
Arun Singh“The Dun & Bradstreet Business Optimism Index remains elevated, driven by strong consumer momentum,” said Dun & Bradstreet Global Chief Economist. India We enter the Christmas season, which is traditionally characterized by an increase in spending. Companies plan to take advantage of the festive demand in the fourth quarter of 2024, with sales prices expected to rise by 7 percentage points. Sales sentiment reached a 15-quarter high and sales volumes returned to pre-pandemic levels. Despite concerns about rising costs and inflation, profitability remains strong, indicating that companies are adapting well. However, challenges remain, including energy price volatility, geopolitical uncertainty, high borrowing costs, and supply chain disruptions. Nevertheless, there is optimism about the employment outlook, with renewed hiring appetite reflecting 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 momentum of India’s business community. India It has served as a reliable economic indicator. Dun & Bradstreet survey respondents (senior executives) India To calculate BOI, we cover companies of various sizes (large, medium, and small) across manufacturing and service industries. 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:
Dun & Bradstreet is the world’s leading provider of business decision data and analytics, enabling companies around the world to improve their performance. Dun & Bradstreet’s data cloud powers solutions and delivers insights that enable customers to accelerate revenue, reduce costs, reduce risk and transform their businesses. Since 1841, companies of all sizes have relied on Dun & Bradstreet to manage risk and uncover opportunity. For more information about Dun & Bradstreet, please visit www.dnb.com.
Dun & Bradstreet Information Services India Private Limited is headquartered at mumbai We also provide data-driven products and technology-driven platforms to help clients make faster and more accurate decisions in finance, risk, compliance, information technology and marketing. Initiatives for the government indian Vision of creating Atmanibharat (self-reliant India) by supporting Make-in India Dun & Bradstreet India is specifically focused on helping entrepreneurs increase visibility, increase credibility, expand access to global markets, and identify potential customers and suppliers while managing risks and opportunities. The emphasis is on
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