India Data Response Industrial Production (Sep.) Indian industrial production growth slowed a touch but remained healthy in September, providing further evidence that the disruption caused by the introduction of the Goods and Services Tax (GST) at... 10th November 2017 · 1 min read
India Data Response Manufacturing PMI (Oct.) India’s manufacturing PMI slipped in October, following the trend across most of Asia. However, we doubt that this marks the start of a sharp downturn. In fact, over the near term at least, prospects... 1st November 2017 · 1 min read
India Data Response Wholesale Prices (Sep.) Wholesale price inflation unexpectedly eased in September. But stripping out the effect of volatile fuel and food prices, our measure of core WPI inflation accelerated further last month. With reasons... 16th October 2017 · 1 min read
India Data Response Consumer Prices (Sep.) & Industrial Production (Aug.) While headline consumer price inflation was unchanged last month, core inflation rose again. Policymakers will put less weight on the erratic industrial production data that were also released today... 12th October 2017 · 1 min read
India Data Response Manufacturing PMI (Sep.) India’s manufacturing PMI reading held steady in September, providing further evidence that the disruption caused by the introduction of the Goods and Services Tax (GST) at the start of Q3 was short... 3rd October 2017 · 1 min read
India Data Response Wholesale Prices (Aug.) Indian wholesale price inflation rose in August, and looks set to accelerate further over the coming months. This is another reason to think that there is no scope for further monetary loosening. 14th September 2017 · 1 min read
India Data Response Consumer Prices (Aug.) & Industrial Production (Jul.) Indian consumer price inflation accelerated sharply in August, and looks set to rise further over the coming months. As such, there is no scope for further monetary loosening. 12th September 2017 · 1 min read
India Data Response Manufacturing PMI (Aug.) The rebound in India’s manufacturing PMI in August should soothe some of the concerns raised by yesterday’s weak GDP data and also suggests that the disruption caused by the introduction of the Goods... 1st September 2017 · 1 min read
India Data Response GDP (Q2) It is tempting to pin the weakness of India’s Q2 GDP data on disruption ahead of the introduction of the Goods and Services Tax. If anything though, this might have been expected to boost spending –... 31st August 2017 · 1 min read
India Data Response Consumer Prices (Jul.) Indian consumer price inflation accelerated in July, and we think that it will rise further over the coming months. As such, further monetary policy loosening looks unlikely. 14th August 2017 · 1 min read
India Data Response Wholesale Prices (Jul.) Indian wholesale price inflation rose in July, and looks set to accelerate further over the coming months. As such, we think that there is no scope for further monetary loosening. 14th August 2017 · 1 min read
India Data Response Industrial Production (Jun.) June’s industrial production data show that growth in the sector weakened on the eve of the implementation of the Goods and Services Tax (GST). The transition to the new tax is likely to continue to... 11th August 2017 · 1 min read
India Data Response Manufacturing PMI (Jul.) July’s PMI reading suggests that India’s manufacturing sector weakened at the start of Q3 amid the near-term disruption caused by the rollout of the long-awaited Goods and Services Tax (GST). 1st August 2017 · 1 min read
India Data Response Wholesale Prices (Jun.) The drop in headline Indian wholesale price inflation in June will increase the clamour for rate cuts. But stripping out the effect of volatile fuel and food prices, our measure of core WPI inflation... 14th July 2017 · 1 min read
India Data Response Consumer Prices (Jun.) & Industrial Production (May) The further drop in Indian consumer price inflation in June will increase the clamour for policy loosening. But with inflation now close to bottoming out, we still expect rates to stay on hold over... 12th July 2017 · 1 min read
India Data Response Manufacturing PMI (Jun.) June’s PMI reading suggests that India’s manufacturing sector weakened a touch last month, but remained in relatively good shape on the eve of the implementation of the new Goods and Services Tax (GST... 3rd July 2017 · 1 min read
