Order Books, Inventories and Capacity Utilisation Survey (OBICUS)

OBICUS shows a decline in capacity utilisation, but seasonally adjusted capacity utilisation rises by 1.7%.

Note: OBICUS survey on manufacturing sector is published quarterly by the Reserve Bank of India (RBI) since March 2008. 

Updated to the month of June 2018 (published on October 5, 2018) 

Brief Overview

The Reserve Bank of India’s Order Books, Inventories and Capacity Utilisation Survey (OBICUS) provides an insight into the demand conditions faced by the Indian manufacturing sector. The RBI has been conducting the survey on a quarterly basis since 2008 by covering over 2500 public and private limited companies in the manufacturing sector. The survey represents the movements in actual data on order books, inventory levels of raw materials and finished goods and capacity utilization. These are considered as important indicators to measure economic activity, inflationary pressures and the overall business cycle. Trend analysis is calculated for the survey based on quantitative data received from companies regarding new orders, backlog orders at the beginning of the quarter, pending orders at the end of the quarter. The survey also gives out the ratio of total inventories to sales and ratio of raw material (RM) and finished goods (FG) inventories to sales in percentages.

For more information, please visit the government official government website.

Next Release Date: December 7, 2018