India Data Response Manufacturing PMI (Apr.) India’s manufacturing PMI dropped again in April, but this is not a huge cause for concern. After all, the reading is still consistent with decent manufacturing output growth and we think that the... 2nd May 2019 · 1 min read
India Data Response Wholesale Prices (Mar.) The rebound in March’s wholesale price inflation is unlikely to prevent the RBI from cutting rates at its next policy meeting in June. But with underlying inflation set to rise further, there is... 15th April 2019 · 1 min read
India Data Response Consumer Prices (Mar.) & Industrial Production (Feb.) March’s rise in inflation probably won’t dissuade the RBI from cutting interest rates again at the next policy meeting. But with core inflation still elevated, the latest data underline the risks from... 12th April 2019 · 1 min read
India Data Response Manufacturing PMI (Mar.) India’s manufacturing PMI dropped in March, but this shouldn’t raise any alarms. After all, the reading hit a 14-month high in February and overall, the recent PMIs suggest that the manufacturing... 2nd April 2019 · 1 min read
India Data Response Wholesale Prices (Feb.) The slight rebound in February’s wholesale price inflation is unlikely to prevent the RBI from cutting rates again next month. However, there is good reason to think that underlying inflation will... 14th March 2019 · 1 min read
India Data Response Consumer Prices (Feb.) & Industrial Production (Jan.) February’s rise in inflation probably won’t dissuade the RBI from cutting policy rates again next month. But the latest data underline the risks from the more dovish stance that the RBI has adopted... 12th March 2019 · 1 min read
India Data Response Manufacturing PMI (Feb.) India’s manufacturing PMI surged to a 14-month high in February and once again bucked the trend across most of Asia. Looking ahead, prospects for local manufacturers remain bright over the near term. 1st March 2019 · 1 min read
India Data Response GDP (Q4) Indian GDP data show that although the economy slowed in the final quarter of last year, it is still continuing to grow at a decent pace. The economy should perform relatively well in the first half... 28th February 2019 · 1 min read
India Data Response Wholesale Prices (Jan.) The drop in headline wholesale price inflation in January was broad based, but underlying inflation is likely to rise again before long. This underlines why we think the RBI’s recent rate cut, as well... 14th February 2019 · 1 min read
India Data Response Consumer Prices (Jan.) & Industrial Production (Dec.) Headline consumer price inflation was low and virtually unchanged in January but, more importantly, core inflation remained elevated. The RBI suggested last week that the core rate has been boosted by... 12th February 2019 · 1 min read
India Data Response Manufacturing PMI (Jan.) India’s manufacturing PMI jumped in January, defying the trend across most of Asia. Looking ahead, prospects for local manufacturers remain fairly bright over the near term. 1st February 2019 · 1 min read
India Data Response Consumer Prices (Dec.) The drop in headline consumer price inflation in December further diminishes the case for rate hikes in the near term. The RBI’s new governor seems keen to lower rates but, with core inflation still... 14th January 2019 · 1 min read
India Data Response Wholesale Prices (Dec.) Headline wholesale price inflation eased in December, further undermining the case for any further rate hikes in the near term. But the appointment of a dovish new governor of the RBI means we are... 14th January 2019 · 1 min read
India Data Response Industrial Production (Nov.) The sharp drop in industrial production growth in November is in large part linked to the shift in the timing of the Diwali holidays last year. Near-term prospects for industry remain fairly upbeat. 11th January 2019 · 1 min read
India Data Response Manufacturing PMI (Dec.) India’s manufacturing PMI edged down in December, but the reading still indicates that the sector was performing well at the end of 2018. Looking ahead, prospects for local manufacturers remain fairly... 2nd January 2019 · 1 min read
India Data Response Wholesale Prices (Nov.) Headline wholesale price inflation eased in November and, taken alongside the drop in CPI inflation last month as well as the appointment of an ally of Prime Minister Modi as the new governor of the... 14th December 2018 · 1 min read
