BUSINESS
Food inflation: This too shall pass, but consumption will slow
While year-on-year core inflation came down in July, month-on-month core inflation went up
BUSINESS
Jaw-dropping numbers from the Index of Industrial Production
Twelve out of the 23 manufacturing industries that make up the IIP are at levels lower than 7 years ago
BUSINESS
Moneycontrol Pro Panorama | MPC Decision: Salad Days
In today’s edition of Moneycontrol Pro Panorama: India Inc records rising cash flows, signs of moderation visible in banking sector, healthcare service providers under the weather, Go First needs a change in strategy for revival plans, and more
BUSINESS
Indian manufacturing one of the star performers globally, PMI numbers show
The forthcoming Monetary Policy Committee meeting will have to take into account both the strength of the manufacturing PMI for July and the inflationary pressures
BUSINESS
Why financial conditions remain loose despite rate hikes
Loose financial conditions have cushioned the US economy, so much so that its GDP rose at an annual rate of 2.4 percent in the June 2023 quarter, compared to 2 percent in the March quarter. Whatever happened to the recession?
BUSINESS
Is the market in for a painful adjustment? US Fed researcher says yes
Exceptionally good stock returns of the past 30 years are at risk, as two major contributing factors are no longer in place
BUSINESS
Rate decisions loom, and flash PMIs have a message for central banks, markets
For the Fed, the problem is that inflation in the services sector remains high on account of wage pressures, despite a slowing economy
BUSINESS
Will Jerome Powell derail the ‘Immaculate Disinflation’ narrative?
The Federal Open Market Committee meeting this week is very important, as it will tell us whether the Fed has finally changed its stance on inflation, or whether it pushes back against the market narrative
BUSINESS
The good, the bad and the beautiful in the Indian and US inflation prints
While food inflation has gone up in India, core inflation is lower, while in the US the chances of an Immaculate Disinflation have improved, propelling markets higher
BUSINESS
The ideology of inflation: Many questions beg for an answer
Who benefits from inflation? Who loses? These questions are at the heart of the debate on how to bring down inflation
BUSINESS
Demolishing the house that Mahalanobis built
A recent paper published by the Carnegie Endowment for International Peace is an excellent account of the malaise that has gripped the nation’s statistical system
BUSINESS
India PMI: Selling price inflation accelerates to strongest in over a decade
The strong growth momentum, combined with pricing power, should expand corporate margins, which will be welcomed by the markets
BUSINESS
Economic agenda of the BJP government: Spending pattern has all the pointers
The biggest changes in the proportion of total spending have been, as expected, in the infrastructure ministries
BUSINESS
India’s manufacturing PMI strongest in Asia, but it also signals higher core inflation
For the economy, one important takeaway from the tepid Chinese PMI manufacturing numbers is that input cost inflation will remain low. That should help commodity importers such as India
BUSINESS
What the Fed’s new financial conditions index is telling us
US financial conditions are currently estimated to be a drag on GDP growth of roughly 75 basis points over the next year
BUSINESS
High demand for work under MGNREGA in June raises questions on rural consumption
Demand for work under the rural employment guarantee scheme this fiscal year till June has been much higher than the same period last year, pointing to rural distress
BUSINESS
Financial knowledge is not the problem in India, but financial attitude is
A study by RBI researchers finds that while Indians score well in financial knowledge and behaviour, their financial attitude scores are terrible
BUSINESS
Lower goods trade deficit improves current account dramatically in March quarter
The factor that should boost imports and widen the current account deficit is if the much-anticipated boom in capital goods finally takes off
BUSINESS
Indian Ocean Dipole effect could mitigate El Nino impact on India: RBI research
Australia’s Bureau of Meteorology said in an update on 20 July 2023: ‘The Indian Ocean Dipole (IOD) is currently neutral. All models suggest a positive IOD is likely to develop in the coming months’
BUSINESS
Flash PMIs for June show growth finally slowing in developed economies
BUSINESS
Bank for International Settlements warns of complacency in tackling inflation and financial risks
The BIS says that the next phase of disinflation will be more difficult
BUSINESS
Russia: A banana republic with nukes
What does the farcical Wagner rebellion say about the capabilities of the Russian state and of its army and about the way the country is governed?
BUSINESS
Are services exports slowing down too?
There is a slowdown in the labour-intensive exports such as textiles, leather products and gems & jewellery
BUSINESS
Chart of the Day: What the markets are saying about the Fed meet
Two charts that deconstruct the Fed’s ‘hawkish pause’
