India Data Response Wholesale Prices (Feb.) Headline wholesale price inflation edged down in February. But stripping out the effect of volatile fuel and food prices, our measure of core WPI inflation rose accelerated month. With reasons to... 14th March 2018 · 1 min read
India Data Response Consumer Prices (Feb.) & Industrial Production (Jan.) The drop in consumer price inflation in February was due to another decline in food and fuel inflation. Core inflation remains high and could well rise further. As such, we remain comfortable with our... 12th March 2018 · 1 min read
India Data Response Manufacturing PMI (Feb.) India’s manufacturing PMI edged down in February. But the reading is still strong, and prospects for local manufacturers look relatively bright over the near term. 1st March 2018 · 1 min read
India Data Response GDP (Q4) Today’s national accounts data show that India’s GDP growth accelerated to a five-quarter high in Q4 2017. The data are much-maligned, but the broad trajectory of a pick-up in growth seems reasonable... 28th February 2018 · 1 min read
India Data Response Wholesale Prices (Jan.) Headline wholesale price inflation eased in January, but stripping out the effect of volatile fuel and food prices, our measure of core WPI inflation rose last month. With reasons to think that core... 15th February 2018 · 1 min read
India Data Response Consumer Prices (Jan.) & Industrial Production (Dec.) The slight easing of consumer price inflation in January was due to a decline in food and fuel inflation. Core inflation remained elevated and is set to rise further. We remain comfortable with our... 12th February 2018 · 1 min read
India Data Response Manufacturing PMI (Jan.) India’s manufacturing PMI slipped in January from December’s five-year high. But the reading is still strong, and prospects for local manufacturers look relatively bright over the near term. 1st February 2018 · 1 min read
India Data Response Wholesale Prices (Dec.) Headline wholesale price inflation edged down in December. But stripping out the effect of volatile fuel and food prices, our measure of core WPI inflation rose last month. With reasons to think that... 15th January 2018 · 1 min read
India Data Response Consumer Prices (Dec.) & Industrial Production (Nov.) The latest acceleration in consumer price inflation underlines our view that markets have been underestimating the likelihood of policy rate hikes in India this year. 12th January 2018 · 1 min read
India Data Response Manufacturing PMI (Dec.) India’s manufacturing PMI rose again in December. The reading is now at its highest since December 2012, and prospects for local manufacturers look bright over the near term. 2nd January 2018 · 1 min read
India Data Response Wholesale Prices (Nov.) Wholesale price inflation rose to an eight-month high in November. Policymakers put less weight on the WPI measure, but it nevertheless supports our view that the debate will shift towards monetary... 14th December 2017 · 1 min read
India Data Response Consumer Prices (Nov.) & Industrial Production (Oct.) Indian consumer price inflation accelerated to a 15-month high in November, and looks set to rise further over the coming months. Monetary policy is likely to stay on hold in the very near term, but... 12th December 2017 · 1 min read
India Data Response Manufacturing PMI (Nov.) India’s manufacturing PMI rose significantly in November, following the trend across much of Asia. The reading is now at its highest in over a year, and prospects for local manufacturers look... 1st December 2017 · 1 min read
India Data Response GDP (Q3) Today’s national accounts data show that GDP growth accelerated in Q3, arresting a slide of five consecutive quarters. Elements of today’s data are hard to square with evidence from other indicators... 30th November 2017 · 1 min read
India Data Response Wholesale Prices (Oct.) Much like the consumer price inflation data released yesterday, wholesale price inflation came in above expectations in October. Policymakers put less weight on the WPI measure, but any lingering... 14th November 2017 · 1 min read
India Data Response Consumer Prices (Oct.) Indian consumer price inflation accelerated in October, and looks set to rise further over the coming months. As such, there is no scope for further monetary loosening. 13th November 2017 · 1 min read
