The Live Ahmedabad
  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured

The Live Ahmedabad

  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured
Ahmedabad City

IIMA releases Business Inflation Expectations Survey for May 2023

by TLAteam July 6, 2023July 6, 2023
written by TLAteam July 6, 2023July 6, 2023
IIMA releases Business Inflation Expectations Survey for May 2023

The Misra Centre at the Indian Institute of Management Ahmedabad (IIMA), released the Business Inflation Expectations Survey (BIES Survey) for the month of May 2023.The BIES Survey is the only business inflation survey to be published in India since May 2017 and has contributed to effective monetary policy formulation by providing valuable insights which have been referred to by various policy makers, government, and industry. It is authored by Professor Abhiman Das.

Business News

The survey is unique in that it goes straight to businesses – the price setters – rather than to consumers or households, to understand their expectations of the price level changes. One major advantage of BIES is that one can get a probabilistic assessment of inflation expectations and thus get a measure of uncertainty. It also provides an indirect assessment of overall demand condition of the economy. Results of this Survey are, therefore, useful in understanding the inflation expectations of businesses and complement other macro data required for policy making.

Key messages of May 2023 survey are as follows: Average inflation expectations of the firms reverted to below 4 per cent for the first time since October 2020, One year ahead business inflation expectation declined sharply by 44 basis points to 3.87 per cent in May 2023, from 4.31 per cent reported in April 2023, Sales expectations of the reporting firms have relatively improved. However, over 57 per cent of the firms are still reporting ‘much less than normal’ or ‘somewhat less than normal’ sales in May 2023.

Companies are selected primarily from the manufacturing sector. Starting in May 2017, the BIES – May 2023 is the 73rd round of the Survey. These results are based on the responses of around 1000 companies.

0 comment
previous post
Ahmedabad University wins 2 Global Awards
next post
ISRO Reschedules Chandrayaan -3 Launch Date To July 14

You may also like

16 Private School Teachers in Gujarat Resign After...

July 15, 2025

AMC Begins Demolition of Illegal Nine-Storey Building Near...

July 15, 2025

Sudhanshu Mehta Named New GCCI Secretary, Bipendrasinh Jadeja...

July 15, 2025

CPIMR Hosts Mentorship Meet to Boost Student Development

July 15, 2025

Three City Bridges in Urgent Need of Repairs:...

July 15, 2025

Sanjay Kaul Appointed MD & CEO of GIFT...

July 15, 2025

Vande Bharat trains will start running on the...

July 14, 2025

CCTV Catches Car Being Damaged Near CTM, Fight...

July 14, 2025

Ahmedabad Reports 8,500+ Potholes in a Month, West...

July 14, 2025

Thorough Repairs Underway at Shastri Bridge, One Side...

July 14, 2025

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Business News

Recent Posts

  • Samsung India Begins Pre Orders for Galaxy Z Fold7, Galaxy Z Flip7 – The Most Advanced Galaxy Z series yet

    July 15, 2025
  • Mumbai Rains: IndiGo Issues Advisory Amid Flight Delays and Low Visibility at Airport

    July 15, 2025
  • Tesla Enters Indian Market with First Showroom in Mumbai, Launches Model Y Electric SUV

    July 15, 2025
  • 16 Private School Teachers in Gujarat Resign After Being Caught Taking Private Tuitions

    July 15, 2025
  • Watch: Dragon Spacecraft Carrying Shubhanshu Shukla Makes Splashdown Landing

    July 15, 2025
July 2023
MTWTFSS
 12
3456789
10111213141516
17181920212223
24252627282930
31
« Jun Aug »
The Live Ahmedabad
Footer Logo
  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured
  • Privacy Policy
  • Disclaimer
  • Cookie Policy
  • Terms of use
  • Advertise with Us
  • Work With Us
  • Contact Us

© 2021 - The Live Ahmedabad. All Rights Reserved.