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The Index of Industrial Production (IIP), the nation’s monthly barometer of goods output, revealed a 10-month low growth rate in June, at 1.5%, largely due to the sharp contraction in mining activity, by –8.7% (10.3% in June 2024), and electricity output, by –2.6% (8.6% in June 2024). The early onset of the southwest monsoon, with…
Read More “Interrupted growth: On economic activity, climate-related events ” »
Central banks don’t want to find inflation is more stubborn than they thought and reverse course. | Photo Credit: REUTERS Inflation in the 20-nation eurozone crept lower to 2.5% in June, but remained stuck above the level favored by the European Central Bank (ECB), which is in no hurry to add more rate cuts after…
Read More “Inflation is down in Europe but ECB in no hurry to make more rate cuts” »
Equity benchmark indices rebounded in early trade on October 27 after facing massive drubbing of late amid recovery in Asian markets. | Photo Credit: Paul Noronha Equity benchmark indices rebounded in early trade on October 27 after facing massive drubbing of late amid recovery in Asian markets. The 30-share BSE Sensex jumped 411.17 points to…
Read More “Markets bounce back in early trade after 6 days of fall” »