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.
"The level of capacity utilisation is estimated from these responses. The survey provides valuable input for monetary policy formulation," the RBI said.
Selected manufacturing companies will be approached by the central bank.
RBI said company level data are treated as confidential and never disclosed.
As per the previous OBICUS (April-June quarter), at the aggregate level, capacity utilisation fell sharply from 69.9 per cent in Q4 2019-20 to 47.3 per cent in Q1 2020-21, as domestic economic activity was impacted severely by the coronavirus-induced lockdown.
Seasonally adjusted capacity utilisation also declined to 48.2 per cent in Q1 2020-21 from 68.2 per cent in the previous quarter.
The survey, which covered 462 companies, also revealed that manufacturing companies received considerably lower orders during the first quarter of 2020-21 compared to that in the previous quarter as well as the year-ago period.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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