5th January 2023 (6 Topics)
2
Jan
3
Jan
4
Jan
5
Jan
6
Jan
7
Jan
9
Jan
10
Jan
11
Jan
12
Jan
13
Jan
14
Jan
16
Jan
17
Jan
18
Jan
19
Jan
20
Jan
21
Jan
23
Jan
24
Jan
25
Jan
26
Jan
27
Jan
28
Jan
30
Jan
31
Jan
Mixed Signals
Context:
- Recent macro-economic data, including the official Index of Eight Core Industries for November and S&P Global’s survey-based Purchasing Managers’ Index (PMI) for the manufacturing and services sectors for December, offer mixed signals on the underlying momentum in the economy.
Details of Index of Eight Core Industries:
- Overall growth observed: The output across the core industries, spanning coal to electricity, grew by an average 5.4%. Double-digit expansions in cement, coal, electricity and steel led the index higher.
- Sector-wise growth: Contractions in six of the eight sectors has been observed except for production of coal and cement, signalling that non-power demand for coal and construction activity.
- Positive Outcomes: The 12.3% year-on-year and 15.1% sequential expansion in coal output indicates an improvement in availability of the fuel to fire captive power plants and furnaces in the crucial process and metal-making industries.
You must be logged in to get greater insights. click here to login
More Articles
Courses
Study
Notes
Home
Resources
More
