India WPI Fuel YoY
When it comes to inflation in India, the wholesale price index (WPI) is the most often used indicator. This index (WPI) is a price index that monitors the price of a typical basket of wholesale products. In India, the index is broken into three categories: Manufactured Goods (64.2%), Primary Articles (22.6%), and Fuel and Power (13.2%). 15.2% of overall weight is made up of Food Articles from the Primary Articles Category. Basic Metals (which account for 9.7% of overall weight), Food Items (9.1%), Chemicals and Chemical Products (6.5%), and Textiles (4.9%) are the most significant components of the Manufactured Products category.
A higher than expected figure should be seen as positive (bullish) for the INR while a lower than expected figure should be seen as negative (bearish) for the INR.
News (INR)
India GDP Growth Slowest In 7 Quarters On Weak Manufacturing
The Indian economy expanded at the slowest pace in seven quarters during the three months to September as the stronger performance of the services sector was offset by the sluggishness in manufacturing and mining industries, preliminary data from the statistics ministry showed on Friday.
RTTNews | 4 days ago
India Services Growth Strengthens In October
India's services activity growth recovered from September's ten-month low on sharper expansion in output and new business, final data from S&P Global showed on Wednesday. The HSBC final services Purchasing Managers' Index registered 58.5 in October, up from 57.7 in September. The flash score was 57.9. New business growth accelerated from a ten-month low seen in September.
RTTNews | 27 days ago
India Manufacturing Activity Growth Gains Momentum
India's manufacturing sector growth accelerated in October as rising new orders lifted production and confidence, data compiled by S&P Global showed on Monday. The HSBC final manufacturing Purchasing Managers' Index rose to 57.5 in October from an eight-month low of 56.5 in September. The flash reading was 57.4. A score above 50.0 indicates expansion.
RTTNews | 29 days ago
