India, an Asian economic powerhouse, saw the slowest expansion in its manufacturing sector in 15 months as demand and output grew at their weakest pace in a year. Data on Friday showed India’s economic growth hit a 6-year low in April-June, raising chances of the central bank cutting interest rates further at its next meeting.
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This is in contrast to the South East outside the capital, which saw a 0.7 per cent drop in house price growth. economic.
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Consumer prices were forecast up at 3.20 per cent in August from a year ago, jumping from July’s 2.36 per cent, according to the poll taken September 5-8 of nearly 40 economists.
India’s economic growth showed little. same position as the previous month, with two of the eight high-frequency.
August inflation seen at 5-month high on rising food costs. economist at Capital Economics. Wholesale prices were expected to rise 3.00 per cent last month from a year ago, from 1.88 per cent.
India’s retail inflation is expected to have picked up to a five-month high in August, largely driven by higher food costs, a Reuters poll showed, easing pressure on the Reserve Bank of India (RBI.
India’s consumer price inflation rose more than expected to a five-month high in August, fueled by strong gains in prices of food items, dampening chances of a rate cut by the central bank in a.
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(RTTNews) – China’s manufacturing activity growth accelerated in July as output and new orders expanded at the fastest rates in five months, survey data from IHS Markit showed Tuesday.
If the RBI does cut rates next month, it will be the. They are going to cut rates in August and again later, mainly due to low growth and weak inflation,” said Gareth Leather, senior Asia economist.
The global manufacturing PMI edged up from 49.3 to 49.5 in August, marking the first increase in 16 months. But the indicator remains at a very low level by historic standards and appears consistent with continued very weak annual production growth of close to 1%.