India Data Response Manufacturing PMI (Jul.) India’s manufacturing PMI dropped in July, following the trend across most of Asia. Nevertheless, the reading remains decent, and prospects for local manufacturers remain bright over the near term. 1st August 2018 · 1 min read
India Data Response Wholesale Prices (Jun.) Policymakers don’t put much weight on the wholesale price measure of inflation, but the fact that it surged to its highest rate in almost five years in June and looks set to remain elevated suggests... 16th July 2018 · 1 min read
India Data Response Consumer Prices (Jun.) & Industrial Production (May) Consumer price inflation rose to a five-month high in June and, with core inflation in particular set to remain elevated, we think the RBI will follow up last month’s hike in the repo rate with... 12th July 2018 · 1 min read
India Data Response Manufacturing PMI (Jun.) India’s manufacturing PMI jumped to a six-month high in June, building on the recent run of positive economic data. Looking ahead, prospects for local manufacturers remain bright over the near term. 2nd July 2018 · 1 min read
India Data Response External trade (May) India’s goods trade deficit widened in May, but should drop back over the coming months, helped by a combination of easing oil prices and restrictions on gold imports. India isn’t particularly exposed... 15th June 2018 · 1 min read
India Data Response Wholesale Prices (May) Policymakers don’t put much weight on the wholesale price measure of inflation, but the fact that it accelerated in May and looks set to remain elevated suggests that the RBI will follow up this month... 14th June 2018 · 1 min read
India Data Response Consumer Prices (May) & Industrial Production (Apr.) Consumer price inflation rose to a four-month high in May and, with core inflation in particular set to remain elevated, we think the RBI will follow up last week’s hike in the repo rate with further... 12th June 2018 · 1 min read
India Data Response Manufacturing PMI (May) India’s manufacturing PMI edged down in May. But the reading is still decent, and prospects for local manufacturers look relatively bright over the near term. 1st June 2018 · 1 min read
India Data Response GDP (Q1) Indian GDP growth surged to a two-year high in Q1. The data are much-maligned, but the broad trajectory of a pick-up in growth seems reasonable, and we think that growth will remain strong over the... 31st May 2018 · 1 min read
India Data Response Consumer Prices (Apr.) In the context of the hawkish tone of the RBI’s latest policy minutes, the large jump in core CPI inflation last month paves the way for a rate hike at the central bank’s next policy meeting in June. 14th May 2018 · 1 min read
India Data Response Wholesale Prices (Apr.) Policymakers don’t put much weight on the wholesale price measure of inflation, but the fact that it accelerated in April nevertheless supports our view that policy tightening is likely this year. A... 14th May 2018 · 1 min read
India Data Response Industrial Production (Mar.) Indian industrial production growth slowed in March, but the rate of growth is still reasonably healthy and the sector appears to have performed well across Q1 as a whole. Looking ahead, prospects for... 11th May 2018 · 1 min read
India Data Response Manufacturing PMI (Apr.) India’s manufacturing PMI edged up in April, suggesting that the sector strengthened a touch at the start of Q2. Looking ahead, prospects for local manufacturers look relatively bright over the near... 2nd May 2018 · 1 min read
India Data Response Wholesale Prices (Mar.) Headline wholesale price inflation held steady in March. But with core price pressures still elevated, we remain comfortable with our view that policy rate hikes are likely later this year. 16th April 2018 · 1 min read
India Data Response Consumer Prices (Mar.) & Industrial Production (Feb.) The slight drop in consumer price inflation in March was due to another decline in food and fuel inflation. Core inflation picked up and is likely to accelerate further. As such, we remain comfortable... 12th April 2018 · 1 min read
India Data Response Manufacturing PMI (Mar.) India’s manufacturing PMI edged down in March, following the trend across most of Asia. But we doubt this marks the start of a sharp downturn. In fact, over the near term at least, prospects for local... 3rd April 2018 · 1 min read
