Business Tendency Surveys (Manufacturing): Confidence Indicators: Composite Indicators: National Indicator for India
BSCICP02INQ460S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23.67
Year-over-Year Change
-20.22%
Date Range
4/1/2000 - 10/1/2024
Summary
The Business Tendency Surveys (Manufacturing): Confidence Indicators: Composite Indicators: National Indicator for India measures the overall confidence of Indian manufacturing firms. This key economic indicator provides insights into the health and outlook of the Indian industrial sector.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This survey-based index tracks the confidence and sentiment of Indian manufacturing companies. It aggregates multiple measures of business activity, such as production, new orders, and employment, into a composite indicator that reflects the overall state of the Indian manufacturing industry.
Methodology
The data is collected through monthly surveys of a representative sample of Indian manufacturing firms.
Historical Context
Policymakers and analysts use this index to assess the current state and future trajectory of the Indian economy.
Key Facts
- The index ranges from 0 to 100, with 50 as the neutral level.
- Values above 50 indicate optimistic business outlook, while values below 50 suggest pessimism.
- The index is published monthly by the U.S. Federal Reserve
FAQs
Q: What does this economic trend measure?
A: This index measures the overall confidence and sentiment of the manufacturing sector in India. It provides a composite indicator of business activity, including production, new orders, and employment.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of the health and outlook of the Indian industrial sector, which is crucial for understanding the broader state of the Indian economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of a representative sample of Indian manufacturing firms.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess the current state and future trajectory of the Indian economy, which informs economic policies and investment decisions.
Q: Are there update delays or limitations?
A: The index is published monthly, with a slight delay, and may be subject to revisions as more data becomes available.
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Citation
U.S. Federal Reserve, Business Tendency Surveys (Manufacturing): Confidence Indicators: Composite Indicators: National Indicator for India (BSCICP02INQ460S), retrieved from FRED.