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RBI launches latest round of quarterly survey of manufacturing sector

The Reserve Bank of India on Wednesday launched the latest round of its quarterly Order Books, Inventories and Capacity Utilisation Survey (OBICUS) of the manufacturing sector which will provide valuable inputs for monetary policy formulation. "The survey (Round 51) is for the reference period July-September 2020 (Q2:2020-21)," the central bank said in a statement.

The RBI has been conducting the OBICUS of the manufacturing sector on a quarterly basis since 2008. The information collected in the survey includes quantitative data on new orders received during the reference quarter, backlog of orders at the beginning of the quarter, pending orders at the end of the quarter, and total inventories with a breakup between work-in-progress and finished goods inventories.

News source ~ Economic Times