More jobs coming in next six months
Past six months' performance coupled with expectations of higher growth and capacity expansion are keeping business confidence buzzing as revealed by CII's 64th business outlook survey. While service companies expected a better growth compared to the manufacturing companies, more jobs were also likely to be created during this period.
CII's business confidence index (CII-BCI) at 65.7 is higher for the period September 2005 - March 2006 with an increase of 1.5 points compared to the previous period April-September 2005. And leading the charge are non-manufacturing firms providing services as opposed to the manufacturing ones.
The CII-BCI constructed as a weighted average of the Current Situation Index (CSI) and the Expectations Index (EI), was found to be higher among non-manufacturing firms by 4.4 points compared to the manufactured firms.
(The Economic Times)