Micro and small enterprises sentiment intact despite headwinds

Sentiment among micro and small enterprises was largely intact in Q2 despite a plethora of headwinds, including seasonality, rising crude oil prices, according to Crisil

50% – of respondents expects positive momentum to continue next quarter

37% – export-oriented MSEs reported an increase in the order book

40% – the figure for domestic peers

57% – of manufacturing MSEs see production rising next quarter

38% – service providers reported a good survey quarter, indicating a significant improvement over the four surveys

37% – manufacturers reported a good quarter, similar to the first two surveys, though lower than the one immediately preceding it

5% – expect it to be lower

Both manufacturing and services companies feel October-December will be a better quarter