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The Reserve Financial institution has been conducting the order books, inventories, and Capability Utilisation Survey (OBICUS) of the manufacturing sector on a quarterly foundation since 2008.
The knowledge collected within the survey consists of quantitative knowledge on new orders obtained in the course of the reference quarter, backlog of orders firstly of the quarter, and pending orders on the finish of the quarter.
It additionally collects knowledge on whole inventories with a breakup between finished items (FG), work-in-progress (WiP) and uncooked materials (RM) inventories on the finish of the quarter, item-wise manufacturing by way of amount and worth.
The extent of capability utilisation (CU) is estimated from these responses.
“The survey gives invaluable enter for financial coverage formulation,” the Reserve Financial institution mentioned. Whereas the survey findings are printed by the RBI, it treats the company-level knowledge as confidential and by no means disclosed.
The following bi-monthly financial coverage is scheduled to be held from June 5 to 7, 2024.
