Dun & Bradstreet Reports Q3 2024 Business Optimism Surge

Dun & Bradstreet's Composite Business Optimism Index for Q3 2024 stands at 78.9, a 3.9% increase from the previous quarter. Four of the six optimism indices show improvement, with net sales optimism reaching a seven-quarter high. Optimism in net profits, selling prices, and new orders has also increased.

Dun & Bradstreet, a global leader in business decisioning data and analytics, has released the Composite Business Optimism Index for Q3 2024, now standing at 78.9, signifying a 3.9% rise from Q2 2024. This index, a crucial indicator of India's business sentiment, shows a robust correlation with the nation's GDP.

Among the key highlights, optimism for net profits has hit a nine-quarter high, while hope for selling prices has surged by 7 percentage points, marking a seven-quarter peak. Credit for this positive outlook is largely given to high consumer demand, especially in rural areas, and lower consumer prices elevating real incomes.

However, not all sectors share in this optimism. The transportation and storage sector remains the least optimistic across multiple parameters. Yet, despite these disparities, the overall sentiment remains positive as evidenced by the recent 5.3% growth in the IIP over the last three months ending April 2024.

(With inputs from agencies.)