Growth in India’s private sector activity slowed to a ten-month low this September, as per the HSBC India Composite Output Index, which slipped from 60.7 in August to 58.3 last month, as factories and services players clocked a reduction in momentum. While manufacturing sector activity mellowed in September, with factory output and sales growing at the slowest pace so far …
After moderating for four months, retail inflation grew higher-than-expected in the month of June on the back of higher food prices. HT Image Retail inflation, as measured by the Consumer Price Index, grew 4.81% in June, compared to a 25-month low of 4.31% in May. Even on a sequential basis, the CPI index grew 1% in June from May, the …
Two separate sets of macro-economic data, one from the Government on output at eight core industries in August, and the other, IHS Markit’s survey-based Purchasing Managers’ Index for the manufacturing sector from September, collectively point to a recovery in industrial activity. The provisional figures based on the Index of Eight Core Industries spanning coal to fertilizers show overall output grew …
