There was a moderation in sentiment among Micro and Small Enterprises (MSEs) during the quarter ended March 31, 2019, the 6th CriSidEx survey shows. CriSidEx or the CRISIL-SIDBI MSE Sentiment Index was launched by CRISIL Ltd. and Small Industries Development Bank of India (SIDBI) last year.
At 122, the CriSidEx score for January-March 2019 was moderately lower than the 128 seen in October-December 2018, but marginally up from 121 a year back.
At a parameter level, while both manufacturing and services sectors reported a small increase in the share of positive respondents on order-book size, both sectors reported a decrease in the share of positive respondents in employee base compared with the previous quarter.