Manufacturing recovery seen in September quarter: Survey – Times of India

NEW DELHI: The country’s manufacturing sector is expected to post a recovery in the July-September quarter, even as the hiring outlook for the segment remains bleak, according to a survey.
The share of respondents in industry body Ficci’s latest quarterly survey on manufacturing who reported higher output during July-September rose to 24%, as compared to 10% in the previous quarter.
Besides, the share of respondents expecting low or same production is 74% in the second quarter, which was 90% in the first quarter of FY21.
However, hiring outlook for the sector, though improving slightly, shows a bleak picture as 80% respondents mentioned that they are not likely to hire additional workforce in the next three months.