India Exports of Printed Books, Newspapers, Pictures  1996-2018 | Data

Exports of Printed Books, Newspapers, Pictures in India decreased to 41.24 USD Million in 2016 from 142.12 USD Million in 2015. Exports of Printed Books, Newspapers, Pictures in India averaged 150.63 USD Million from 1996 until 2016, reaching an all time high of 337.22 USD Million in 2011 and a record low of 36.06 USD Million in 1997.

India Exports of Printed Books, Newspapers, Pictures
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India Trade Last Previous Highest Lowest Unit
Balance of Trade -18020.00 -16600.00 258.90 -20210.90 USD Million [+]
Exports 25770.00 27700.00 30541.44 59.01 USD Million [+]
Imports 43790.00 44300.00 45281.90 117.40 USD Million [+]
Current Account -13000.00 -13465.11 7360.00 -31857.18 USD Million [+]
Current Account to GDP -1.90 -0.60 2.30 -4.80 percent [+]
External Debt 529673.00 529673.00 529673.00 96392.00 USD Million [+]
Terms of Trade 71.10 71.80 100.00 57.90 Index Points [+]
Capital Flows -42.87 33.39 766.97 -271.47 USD Million [+]
Foreign Direct Investment 1168.00 3971.00 8579.00 -1336.00 USD Million [+]
Remittances 12003.97 11623.76 12293.40 5999.10 USD Million [+]
Tourist Arrivals 681279.00 606043.00 1176000.00 129286.00 [+]
Gold Reserves 560.30 558.10 560.30 357.75 Tonnes [+]
Crude Oil Production 725.00 732.00 813.00 526.00 BBL/D/1K [+]
Terrorism Index 7.53 7.48 8.09 7.22 [+]
Weapons Sales 56.00 42.00 56.00 0.00 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



India Exports of Printed Books, Newspapers, Pictures

This page includes a chart with historical data for India Exports of Printed Books, Newspapers, Pictures. India Exports of Printed Books, Newspapers, Pictures - actual data, historical chart and calendar of releases - was last updated on August of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
41.24 142.12 337.22 36.06 1996 - 2016 USD Million Yearly
Current prices NSA




RELATED NEWS

Tuesday August 14 2018
India July Wholesale Inflation Slows to 5.09%  
Wholesale prices in India rose by 5.09 percent year-on-year in July of 2018, after a 5.77 percent gain in the prior month. Figure came in below market estimates of 5.24 percent, as prices of of food fell sharply while cost of manufactured products and fuel went up faster.
Monday August 13 2018
India July Inflation Rate Weaker than Expected  
India' annual inflation rate eased to 4.17 percent in July 2018 from a downwardly revised 4.92 percent in the previous month, and below market expectations of 4.51 percent. Still, inflation remained above the central bank's medium-term target of 4 percent for nine consecutive months.
Wednesday August 01 2018
India Raises Key Rate to 6.5%  
The Reserve Bank of India increased its benchmark policy repo rate by 25bps to 6.5 percent on August 1st 2018, in line with market expectations and following a similar hike in the previous meeting. Policymakers mentioned uncertainty around inflation and slightly increased forecasts for H2 2018-19 to 4.8 percent from 4.7 percent. Although the central bank considers growth momentum is sustained, it noticed several global risks that could weigh on the outlook, including rising trade protectionism, geopolitical tensions and higher oil prices.
Monday July 16 2018
India June Wholesale Inflation at 15-Month High of 5.77%  
Wholesale prices in India rose by 5.77 percent year-on-year in June of 2018, after a 4.43 percent gain in the prior month and above market estimates of 4.93 percent. It is the highest wholesale inflation since March 2017, due to faster rises in cost of food, manufactured products, and fuel.
Thursday July 12 2018
India Consumer Inflation Below Forecasts  
The inflation rate in India edged up to 5 percent in June of 2018 from 4.87 percent in May, below market expectations of 5.3 percent. Still, it is the highest rate since January and marks the eighth straight month in which inflation is above the central bank medium-term target of 4 percent.
Thursday June 14 2018
India Wholesale Inflation at 15-Month High of 4.43% in May  
Wholesale prices in India rose by 4.43 percent year-on-year in May of 2018, after a 3.18 percent gain in the prior month and above market estimates of 3.76 percent. It is the highest wholesale inflation since March 2017, driven by faster rises in cost of food, manufactured products, and fuel.
Tuesday June 12 2018
India Inflation Rate Rises to 4.87% in May  
India's annual inflation rate rose to 4.87 percent in May of 2018 from 4.58 percent in April, slightly above market expectations of 4.83 percent. It is the highest reading in four months amid rising prices for food and fuel.
Wednesday June 06 2018
India Hikes Key Repo Rate to 6.25%  
The Reserve Bank of India raised its benchmark policy repo rate by 25bps to 6.25 percent on June 6th 2018 while markets expected no changes. It is the first hike in borrowing costs since January of 2014, mentioning upside risks to inflation that include higher oil prices and uncertainty in global financial markets. Policymakers said the decision is consistent with a neutral monetary policy stance and is in line with achieving the inflation target of 4 percent +/- 2 percent while supporting growth. The reverse repo rate was also adjusted to 6 percent from 5.75 percent and the marginal standing facility rate and the Bank Rate to 6.5 percent from 6.25 percent.
Thursday May 31 2018
India GDP Growth Beats Forecasts at 7.7% in Q1  
The Indian economy expanded 7.7 percent year-on-year in the first three months of 2018, higher than a downwardly revised 7 percent advance in the previous quarter and beating market forecasts of a 7.3 percent growth. It is the highest growth rate since the second quarter of 2016, boosted by a jump in investment. On the production side, manufacturing, agriculture and construction were the main contributors to growth.
Monday May 14 2018
India April Inflation Rate Above Expectations  
India's annual inflation rate rose to a three-month high of 4.58 percent in April 2018 from 4.28 percent in the previous month, and above market expectations of 4.42 percent.
Monday May 14 2018
India Wholesale Inflation at 4-Month High of 3.18%  
Wholesale prices in India rose by 3.18 percent year-on-year in April of 2018, after a 2.47 percent gain in the prior month and above market estimates of 2.86 percent. It was the highest wholesale inflation since December 2017, as cost increased at a faster pace for manufactured products and fuel, while prices of food rebounded.
Monday April 16 2018
India Wholesale Inflation at 8-Month Low of 2.47%  
Wholesale prices in India rose by 2.47 percent year-on-year in March of 2018, after a 2.48 percent gain in the prior month and below market estimates of 2.58 percent. It was the lowest wholesale inflation since July last year, as cost of food fell markedly while manufactured products inflation was little-changed.
Thursday April 12 2018
India Inflation Rate at 5-Month Low of 4.28%  
Indian consumer prices rose 4.28 percent year-on-year in March of 2018, following a 4.44 percent increase in February and compared with market expectations of 4.2 percent. It is the lowest inflation rate in five months amid a slowdown in food cost.
Thursday April 05 2018
India Leaves Monetary Policy Unchanged  
The Reserve Bank of India left its key policy rate steady at 6 percent for the fourth meeting on April 5th 2018, matching market expectations. Policymakers said once again the decision is consistent with the neutral stance of monetary policy aiming to achieve the medium-term inflation target of 4 percent +/- 2 percent, while supporting growth. The central bank lowered inflation forecasts to 4.5 percent for Q4 of the current fiscal year (January to March 2018) from 5.1 percent. GDP growth for 2018-19 is seen higher at 7.4 percent from 6.6 percent in 2017-2018.
Wednesday March 14 2018
India Wholesale Inflation at 7-Month Low of 2.48%  
Wholesale prices in India rose by 2.48 percent year-on-year in February of 2018, after a 2.84 percent increase in the prior month while markets estimated a 2.5 percent gain. It was the lowest wholesale inflation since July 2017, as cost of food and fuel rose at softer paces.
Monday March 12 2018
India Inflation Rate at 4-Month Low  
Consumer prices in India increased 4.44 percent year-on-year in February of 2018, below 5.07 percent in January and market expectations of 4.8 percent. It is the lowest inflation rate in four months but above the 4 percent medium-term target of the central bank.
Wednesday February 28 2018
India GDP Growth Beats Forecasts in Q4  
The Indian economy expanded 7.2 percent year-on-year in the last three months of 2017, well above an upwardly revised 6.5 percent advance in the previous period and beating market expectations of 6.9 percent. It is the strongest growth rate since the third quarter of 2016, boosted by a jump in investment and public spending.
Thursday February 15 2018
India Wholesale Inflation at 6-Month Low of 2.84%  
Wholesale prices in India rose by 2.84 percent year-on-year in January of 2018, after a 3.58 percent increase in the prior month and below market estimates of a 3.25 percent gain. It was the lowest wholesale inflation since July 2017, mainly due to softer rises in cost of food and fuel.
Monday February 12 2018
India Inflation Rate Slows More than Anticipated  
Consumer prices in India increased 5.07 percent year-on-year in January of 2018, below a 17 month high of 5.21 percent in December and market expectations of 5.14 percent. Still, the inflation remained above 4.8 percent for the third month, the level not seen since July of 2016 and above 4 percent medium-term target of the Reserve Bank of India.
Wednesday February 07 2018
India Keeps Rates Unchanged  
The Reserve Bank of India kept its benchmark interest rate steady at 6 percent on February 7th 2018, matching market expectations. Policymakers reinforced the decision is consistent with a neutral stance of monetary policy aiming to reach the medium-term inflation target of 4 percent +/- 2 percent, while supporting growth. The central bank raised inflation forecasts to 5.1 percent for Q4 of the current fiscal year (January to March 2018) from 4.3-4.7 percent and GVA growth expectations were lowered to 6.6 percent for 2017-2018 from 6.7 percent. The reverse repo rate was also left on hold at 5.75 percent and the marginal standing facility rate and the Bank Rate at 6.25 percent.
Monday January 15 2018
India WPI Rises Less than Expected in December  
Wholesale prices in India rose by 3.58 percent year-on-year in December of 2017, following a 3.93 percent increase in the prior month. The figure came below market estimates of a 4 percent gain, mainly due to a slowdown in cost of food.
Friday January 12 2018
India Inflation Rate Accelerates to 17-Month High of 5.21%  
Consumer prices in India increased 5.21 percent year-on-year in December of 2017, above 4.88 percent in November and market expectations of 5.1 percent. It is the highest inflation rate since July of 2016 amid faster rises in cost of food and housing.
Thursday December 14 2017
India Wholesale Inflation at 8-Month High of 3.93%  
Wholesale prices in India rose by 3.93 percent year-on-year in November of 2017, following a 3.59 percent increase in the prior month and above market estimates of a 3.78 percent gain. It was the highest wholesale inflation since March, mainly due to a faster rise in cost of food and a further increase in cost of fuel.
Tuesday December 12 2017
India Inflation Rate at 15-Month High of 4.88%  
Consumer prices in India increased 4.88 percent year-on-year in November of 2017, higher than 3.58 percent in October and well above market expectations of 4.2 percent. It is the highest inflation rate since August of 2016, mainly due to rises in cost of vegetables and fuel.
Wednesday December 06 2017
India Leaves Key Rate on Hold at 6%  
The Reserve Bank of India kept its benchmark interest rate steady at 6 percent on December 6th 2017, in line with market expectations. Policymakers said the decision is consistent with a neutral stance of monetary policy aiming to reach the medium-term inflation target of 4 percent +/- 2 percent, while supporting growth. However, the central bank showed concerns about inflationary risks, mainly due to higher prices for house rent allowances, food and fuel and raised its inflation forecasts for the second half of the current financial year to between 4.3 and 4.7 percent from the previous 4.2 percent to 4.6 percent. The gross value added growth projection was left unchanged at 6.7 percent. The reverse repo rate was also left on hold at 5.75 percent and the marginal standing facility rate and the Bank Rate at 6.25 percent
Thursday November 30 2017
India GDP Growth Below Expectations in Q3  
The Indian economy expanded 6.3 percent yoy in Q3, above a 5.7 percent in Q2 which was the lowest in nearly 3 years, but below expectations of a 6.4 percent. A rebound in investment and inventories offset a slowdown in both private and public spending.
Tuesday November 14 2017
India Wholesale Inflation at 6-Month High of 3.59%  
Wholesale prices in India rose 3.59 percent year-on-year in October of 2017, following a 2.60 percent increase in the prior month and above market estimates of a 3.01 percent gain. It was the highest wholesale inflation since April, due to a surge in cost of food and a faster rise in cost of fuel.
Monday November 13 2017
India Inflation Rate at 7-Month High of 3.58%  
Consumer prices in India increased 3.58 percent year-on-year in October of 2017, above 3.28 percent in September and market expectations of 3.46 percent. It is the highest inflation rate in seven months, mainly driven by rising cost of food and fuel.
Monday October 16 2017
India Wholesale Price Inflation Below Expectations  
Wholesale prices in India rose 2.60 percent year-on-year in September of 2017, following a 3.24 percent increase in the prior month. The figure came in below market estimates of a 3.41 percent gain, mainly due to a slowdown in cost of food and fuel.
Thursday October 12 2017
India Inflation Rate Unchanged in September  
India's consumer price inflation came in at increased 3.28 percent year-on-year in September 2017, unchanged from the previous month's five-month high and below market expectations of 3.6 percent. Food inflation slowed while prices rose at a faster pace for housing, fuel and clothing.
Wednesday October 04 2017
India Leaves Key Rate at 7-Year Low of 6%  
The Reserve Bank of India kept its benchmark interest rate steady at 6 percent on October 4th 2017, following a 25bps cut in August and in line with market expectations. Policymakers said the decision is consistent with a neutral stance of monetary policy aiming to reach the medium-term target for inflation of 4 percent +/- 2 percent, while supporting growth. The central bank also increased its inflation forecasts for October-March to a range of 4.2 percent to 4.6 percent while the gross value added projection was cut to 6.7 percent from 7.3 percent.
Thursday September 14 2017
Indian Wholesale Inflation at 4-Month High of 3.24% in August  
Wholesale prices in India rose 3.24 percent year-on-year in August of 2017, following a 1.88 percent increase in the prior month and above market estimates a 3.0 percent gain. It was the highest wholesale inflation since April, due to a surge in prices of food and fuel.
Tuesday September 12 2017
India Inflation Rate at 5-Month High in August  
Consumer prices in India increased 3.36 percent year-on-year in August of 2017, following a 2.36 percent rise in July and above market expectations of 3.2 percent. It is the highest inflation rate since March, due to a rebound in food prices. The Reserve Bank of India expects inflation at 2 percent - 3.5 percent in the first half of this fiscal year (April to September 2017) and at 3.5 percent - 4.5 percent in the second half (October 2017 to March 2018).
Thursday August 31 2017
India GDP Growth at Over 3-Year Low of 5.7% in Q2  
The Indian economy expanded 5.7 percent year-on-year in the second quarter of 2017, below 6.1 percent in the previous period and market expectations of 6.6 percent. It remains the weakest growth rate since the first quarter of 2014 due to a slowdown in consumer spending and exports. On the production side, manufacturing and agriculture eased. Figures for the second quarter of 2017 mark the third consecutive period of slowing growth, following the demonetization program started in November of 2016 that removed 86 percent of India's currency in circulation.
Monday August 14 2017
India Inflation Rate Rises to 2.36% in July  
India's consumer prices increased 2.36 percent year-on-year in July 2017, beating market expectations of 1.87 percent and following a 1.54 percent gain in the previous month. Cost of housing, energy and clothing rose further and food prices fell at a softer pace.
Monday August 14 2017
India WPI Rises More than Expected in July  
Wholesale prices in India rose 1.88 percent year-on-year in July of 2017, compared to a 0.9 percent rise in the prior month while market estimated a 1.3 percent rise. A surge in food prices offset a slowdown in cost of manufactured products and fuel.
Wednesday August 02 2017
India Cuts Key Rate to 6%  
The Reserve Bank of India lowered its benchmark interest rate by 25bps to 6 percent on August 2nd 2017, in line with market expectations. It is the first rate cut so far this year, bringing borrowing cost to the lowest since 2010 amid a sharp slowdown in inflation. The reverse repo rate was also lowered by 25bps to 5.75 percent and the marginal standing facility rate and the Bank Rate to 6.25 percent.
Friday July 14 2017
India Wholesale Inflation At 11-Month Low Of 0.9% In June  
Wholesale prices in India rose 0.9 percent year-on-year in June of 2017, compared to a 2.17 percent rise in May and below market estimates of a 1.6 percent rise. It was the lowest wholesale inflation since July of 2016, as cost of manufactured products and fuel went up at a slower pace and food prices fell further.
Wednesday July 12 2017
India Inflation Rate Falls To Fresh Low Of 1.54%  
Consumer prices in India increased 1.54 percent year-on-year in June of 2017, slowing sharply from a 2.18 percent rise in May and below market expectations of 1.7 percent. The inflation rate fell to a fresh record low for the third month as food prices declined faster amid a favorable monsoon.
Wednesday June 14 2017
India Wholesale Inflation At 5-Month Low Of 2.17% In May  
Wholesale prices in India rose 2.17 percent from a year earlier in May of 2017, compared to a 3.85 percent gain in April and below market estimates of 3.11 percent. It was the lowest wholesale inflation since December 2016, as cost of manufactured products and fuel went up at slower paces while prices of primary articles declined.
Monday June 12 2017
India Inflation Rate Down To Record Low Of 2.18%  
Consumer prices in India increased 2.18 percent year-on-year in May of 2017, slowing from a 2.99 percent rise in April and well below market expectations of 2.6 percent. The inflation hit a new record low for the second month as food prices fell for the first time ever led by pulses and vegetables.
Wednesday June 07 2017
India Leaves Repo Rate At 6.25%  
The Reserve Bank of India held its benchmark repo rate at 6.25 percent on June 7th 2017 as widely expected, saying the decision is consistent with a neutral monetary policy stance. Policymakers added that the inflation outlook for the next months is uncertain and revised down its GVA growth forecasts for 2017-2018 by 10bps to 7.3 percent. The reverse repo rate was also left unchanged at 6 percent, following a 25bps cut in April; the bank rate at 6.5 percent and the cash rate at 4 percent.
Wednesday May 31 2017
India GDP Growth Unexpectedly Slows To 6.1% In Q1  
The Indian economy advanced 6.1 percent year-on-year in the first quarter of 2017, slowing sharply from a 7 percent expansion in the previous period and well below market expectations of 7.1 percent. It is the lowest growth rate since the last quarter of 2014, due to a slowdown in consumer spending and a drop in investment, following the demonetization program started in November of 2016 that removed 86 percent of India's currency in circulation. In addition, the government changed the GDP base year for 2011-2012 from 2004-2005. The same change was made earlier for industrial production and wholesale prices indexes, with adjustments in the weights of the different industries. Considering the April 2016-March 2017 period, the economy advanced 7.1 percent, in line with the official estimate but below 8 percent in the previous year.
Friday May 12 2017
India Inflation Rate Falls To Record Low Of 2.99%  
Consumer prices in India increased 2.99 percent year-on-year in April of 2017, following a 3.81 percent rise in March and well below market expectations of 3.5 percent. It is the lowest inflation rate since the series began in 2012, driven by a slowdown in food prices.
Friday May 12 2017
India Wholesale Inflation Below Expectations  
Wholesale prices in India rose 3.85 percent year-on-year in April of 2017, following a downwardly revised 5.29 percent gain in March and well below market estimates of 4.8 percent. It is the lowest wholesale inflation in four months after the government revised the base year.
Monday April 17 2017
India WPI Rises Less Than Expected In March  
Indian wholesale prices rose 5.70 percent year-on-year in March of 2017, following a 6.55 percent gain in February and below market estimates of a 5.98 percent rise. A slowdown in cost of manufactured products offset a faster increase in cost of food and petrol.
Wednesday April 12 2017
India Inflation Rate Rises Less Than Forecasts  
Consumer prices in India increased 3.81 percent year-on-year in March of 2017, following a 3.65 percent rise in February and below market expectations of 3.98 percent. Food inflation slowed to 1.93 percent from 2.01 percent.
Thursday April 06 2017
India Holds Repo Rate At 6.25%  
The Reserve Bank of India held its benchmark repo rate at a six-year low of 6.25 percent on April 6th, as widely expected, and raised its reverse repo rate by 25bps to 6 percent, saying there are upside risks to the inflation outlook amid an uncertain global economic environment. Annual inflation rose to 3.65 percent in February 2017 from a record low of 3.17 percent in the previous month. For 2017-18, policymakers expect inflation to average 4.5 percent in the first half of the year and 5 percent in the second half.
Tuesday March 14 2017
India Consumer Inflation Rises More Than Expected  
Consumer prices in India increased 3.65 percent year-on-year in February of 2017, following a record low rise of 3.17 percent in January and higher than market expectations of 3.58 percent. Food inflation accelerated to 2.01 percent from 0.53 percent.
Tuesday March 14 2017
India WPI Rises The Most In Over 3 Years  
Indian wholesale prices rose 6.55 percent year-on-year in February of 2017, following a 5.25 percent gain in January while markets expected a 5.90 percent rise. It was the eleventh straight month of increase and the highest since November 2013, driven by a surge in prices of food while cost of manufactured products and petrol rose further.
Thursday March 02 2017
India GDP Growth Beats Expectations in Q4  
The Indian economy advanced 7 percent year-on-year in the last three months of 2016, slowing from an upwardly revised 7.4 percent rise in the previous quarter but beating expectations of a 6.4 percent growth. The expansion was mainly driven by a surge public spending and agriculture. The GDP is expected to grow 7.1 percent in the fiscal year ending in March 2017.
Tuesday February 14 2017
India WPI Rises The Most In 30 Months In January  
Indian wholesale prices rose 5.25 percent year-on-year in January of 2017, following a 3.39 percent gain in December while markets expected a 3.89 percent rise. It was the tenth straight month of increase and the highest since July 2014, driven by a faster increase in cost of manufactured product and a surge in cost of petrol while prices of food fell less than in the prior month.
Monday February 13 2017
India Consumer Inflation Down To Record Low Of 3.17%  
Consumer prices in India increased 3.17 percent year-on-year in January of 2017, easing from a 3.41 percent rise in December and below market expectations of 3.22 percent. It is the lowest inflation rate since the series began in 2012 due to a sharp slowdown in food prices.
Wednesday February 08 2017
India Keeps Key Rate At 6.25%  
The Reserve Bank of India left its key repo rate unchanged at 6.25 percent for the second time at its February 2017 meeting, compared to expectations of a 25bps cut. Policymakers decided to change the stance from accommodative to neutral while assessing the effects of demonetisation on inflation and growth. The reverse repo rate was also kept at 5.75 percent and the marginal standing facility and the bank rate at 6.75 percent.
Monday January 16 2017
India WPI Rises at Faster Pace in December  
Indian wholesale prices rose 3.39 percent year-on-year in December of 2016, following a 3.15 percent gain in November while markets expected a 3.50 percent rise. It was the ninth straight month of increase, mainly due to rising cost of manufactured products and petrol while prices of food fell for the first time since August 2015.
Thursday January 12 2017
India Inflation Rate Lowest Since November 2014  
Consumer prices in India increased 3.41 percent year-on-year in December of 2016, following a 3.63 percent rise in November and below market expectations of 3.57 percent. It is the lowest inflation rate since November of 2014 as food prices cooled. The slowdown in inflation intensified in the last two months of 2016 after a demonetization campaign slumped currency in circulation, hurting consumption.
Wednesday December 14 2016
India WPI Rises the Least in 5 Months  
Indian wholesale prices rose 3.15 percent year-on-year in November of 2016, following a 3.39 percent gain in October while markets expected a 3.10 percent rise. It was the eighth straight month of increase but the lowest figure since June, as a sharp slowdown in prices of food offset a faster increase in cost of manufactured products and petrol.
Tuesday December 13 2016
India Inflation Rate At 2-Year Low Of 3.6% In November  
Consumer prices in India increased 3.63 percent year-on-year in November of 2016, following 4.2 percent rise in October and well below market expectations of 3.9 percent. It was the lowest inflation rate since November 2014, as food inflation eased for the fourth straight month to 2.56 percent.
Wednesday December 07 2016
India Keeps Monetary Policy Unchanged at 6.25%  
The Reserve Bank of India unexpectedly left its benchmark repo rate unchanged at a six-year low of 6.25 percent during the meeting held on December 7th despite wide expectations of a rate cut, following a severe cash crisis.
Wednesday November 30 2016
Indian Economy Expands 7.3% YoY In Q3  
India's gross domestic product advanced 7.3 percent year-on-year in the third quarter of 2016, following 7.1 percent expansion in the previous period and missing market expectations of 7.5 percent growth. Private consumption expanded at a faster pace while government spending slowed down and fixed investment dropped further.
Tuesday November 15 2016
India Inflation Rate Falls to 14-Month Low of 4.2%  
Consumer prices in India increased 4.2 percent year-on-year in October of 2016, easing from an upwardly revised 4.39 percent rise in September, reaching a new low since August last year. Figures came in line with market expectations as food inflation eased for the third straight month to 3.32 percent.
Tuesday November 15 2016
India WPI Rises the Least in 4 Months  
Indian wholesale prices rose 3.39 percent year-on-year in October of 2016, following a 3.57 percent gain in September while markets expected a 3.75 percent rise. It was the seventh straight month of increase but the lowest figure since June, as a slowdown in prices of food offset a faster rise in cost of manufactured products and petrol.
Friday October 14 2016
India WPI Rises Less than Estimated in September  
Indian wholesale prices rose 3.57 percent year-on-year in September of 2016, following a 3.74 percent gain in August. It was the sixth straight month of increase and the lowest figure since June while markets expected a 3.90 percent rise. A slowdown in prices of food offset an increase in cost of manufactured products and petrol.
Thursday October 13 2016
India Annual Inflation Rate Slows to 13-Month Low  
India's consumer prices increased by 4.31 percent year-on-year in September 2016, easing from a 5.05 percent growth in the previous month and missing market expectations of a 4.8 percent gain. It was the lowest inflation rate since August last year, as food cost rose at a slower pace.
Tuesday October 04 2016
India Cuts Repo Rate to a 6-Year Low of 6.25%  
The Reserve Bank of India lowered its repurchase rate by a surprise 25bps to 6.25 percent on October 4th, 2016, saying the stance of monetary policy remains accommodative and the decision will help to bring inflation rate back to central bank's 4 percent target in the medium-term while supporting growth. India’s consumer prices index rose 5 percent year-on-year in August, easing from its 6 percent increase in July. The repo policy rate is now at its lowest since November 2010.
Wednesday September 14 2016
India WPI Rises Less Than Expected in August  
India wholesale prices rose 3.74 percent year-on-year in August of 2016, following a 3.55 percent gain in July while markets expected a 4.01 percent rise. It was the fifth straight month of increase and the highest figure since August 2014. While cost of manufactured products rose at a faster pace, prices of food slowed and cost of petrol fell less than in the preceding month.
Monday September 12 2016
India Inflation Rate Slows More than Expected  
Consumer prices in India increased 5.05 percent year-on-year in August of 2016, easing from a 6.07 percent rise in July and below market expectations of 5.5 percent. It is the lowest inflation rate in five months due to smaller rises in food prices.
Wednesday August 31 2016
India GDP Growth Slows to 7.1% YoY in Q2  
India's gross domestic product advanced 7.1 percent year-on-year in the second quarter of 2016, slowing from a 7.9 percent expansion in the previous period and missing market expectations of 7.6 percent growth. It was the lowest reading since the fourth quarter of 2014, as private consumption expanded at a slower pace while fixed investment dropped further.
Tuesday August 16 2016
India WPI Rises the Most in Nearly 2 Years  
India wholesale prices rose 3.55 percent year-on-year in July of 2016, following a 1.62 percent gain in June while markets expected a 2.55 percent rise. It was the 4th straight month of increase and the highest figure since August 2014, mainly due to a faster rise in prices of food and manufactured products.
Friday August 12 2016
India Consumer Inflation Highest Since August 2014  
Consumer prices in India went up 6.07 percent year-on-year in July of 2016, accelerating for the fourth straight month and beating market expectations of 5.9 percent. It was the highest figure since August of 2014, as food cost rose further.
Tuesday August 09 2016
India Keeps Policy Rate Unchanged at 6.5% in August  
The Reserve Bank of India left its benchmark repo rate unchanged at a five-year low of 6.5 percent during the meeting held on August 9th, as widely expected. While awaiting space for policy action, policymakers said the stance of monetary policy will remain accommodative and continue to emphasize the adequate provision of liquidity.
Thursday July 14 2016
India WPI Rises More Than Expected in June  
Indian wholesale prices rose 1.62 percent year-on-year in June of 2016, following a 0.79 percent gain in May and higher than market consensus of a 1.19 percent increase. It was the 3rd straight month of gain as prices of food and manufactured products went up at a faster pace while cost of petrol fell less than in the preceding month.
Tuesday July 12 2016
India Consumer Inflation Rises Further to 22-Month High in June  
Consumer prices in India went up 5.77 percent year-on-year in June of 2016, accelerating for the third straight month and reaching the highest since August of 2014. Figures came above market expectations of 5.73 percent, driven by food cost.
Tuesday June 14 2016
India WPI Rises for 2nd Month in May  
Indian wholesale prices rose 0.79 percent year-on-year in May of 2016, following a 0.34 percent gain in April and higher than market consensus of a 0.42 percent increase. It was the 2nd straight month of rise as prices of food and manufactured products went up at a faster pace while cost of petrol dropped further.
Monday June 13 2016
India Consumer Inflation at 21-Month High  
Consumer prices in India increased 5.76 percent year-on-year in May of 2016, higher than an upwardly revised 5.47 percent rise in the previous month and compared to market expectations of 5.5 percent. It is the highest figure since August of 2014 as food inflation increased to 7.55%, the most in 21 months.
Tuesday June 07 2016
India Holds Policy Rate Unchanged at 6.5%  
The Reserve Bank of India left its benchmark repo rate unchanged at a five-year low of 6.5 percent during the meeting held on June 7th, as expected. While awaiting further data to assess the impact of seasonal rainfall and some external risks, policymakers said they would remain accommodative.
Tuesday May 31 2016
India GDP Growth at 1-1/2-Year High of 7.9%  
The Indian economy expanded 7.9 percent year-on-year in the first three months of 2016, higher than a downwardly revised 7.2 percent growth in the previous quarter and much better than market expectations of a 7.5 percent increase. It is the best performance in six quarters, boosted by private spending while investment and exports declined. Considering full 2015/2016 year (April to March), the GDP in India advanced 7.6 percent, higher than 7.2 percent in the previous year.
Monday May 16 2016
India WPI Rises for 1st Time in 18 Months  
Indian wholesale prices unexpectedly rose 0.34 percent year-on-year in April of 2016, following a 0.85 percent drop in March and market consensus of a 0.2 percent fall. It is the first increase since November 2014 as prices rose for food and cost of manufactured products while cost of petrol declined at a slower pace.
Thursday May 12 2016
India Inflation Rate Accelerates More than Expected  
Consumer prices in India went up 5.39 percent year-on-year in April of 2016, accelerating from a 4.83 percent rise in the previous month and higher than market expectations of 5 percent. Food inflation also reached a three-month high.
Monday April 18 2016
India WPI Drops for 17th Straight Month  
Indian wholesale prices fell by 0.85 percent year-on-year in March of 2016, as compared to a 0.91 percent drop in February and missing market consensus of a 0.77 percent fall. Prices of food rose at a faster pace while cost of petrol declined further and cost of manufactured dropped at a slower pace.
Tuesday April 12 2016
India Inflation Rate Slows to 6-Month Low  
Consumer prices in India went up 4.83 percent year-on-year in March of 2016, slowing from an upwardly revised 5.26 percent rise in February. The inflation rate eased for the second straight month, reaching the lowest figure since September last year and compared to market expectations of 5 percent as food prices rose at a slower pace.
Tuesday April 05 2016
India Cuts Repo Rate to Lowest in Over 5 Years  
The Reserve Bank of India cut its benchmark repo rate by 25 bps to 6.5 percent during the meeting held on April 5th, 2016, as widely expected. It is the first reduction since September 2015 and the lowest rate since January 2011.
Monday March 14 2016
India Consumer Inflation Slows in February  
Consumer prices in India increased 5.18 percent year-on-year in February of 2016, lower than 5.69 percent in January and below market expectations of 5.6 percent. Consumer inflation eased for the first time in seven months, reaching the lowest since October due a slowdown in food cost.
Monday March 14 2016
India WPI Drops for 16th Straight Month  
Indian wholesale prices fell by 0.91 percent year-on-year in February of 2016, as compared to a 0.90 percent drop in January and missing market consensus of a 0.27 percent fall. Prices of food eased further while cost of petrol and manufactured declined at a slower pace.
Monday February 15 2016
India WPI Falls for 15th Straight Month  
Indian wholesale prices fell by 0.90 percent year-on-year in January of 2016, as compared to a 0.73 percent drop in December and above market consensus. Prices of food eased while cost of petrol and manufactured declined at a slower pace.
Friday February 12 2016
India Consumer Inflation Rises to 17-Month High  
Consumer prices in India went up 5.69 percent year-on-year in January of 2016, higher than 5.61 percent in December of 2015 and accelerating for the sixth straight month. It is the highest figure since August of 2014 and above market expectations of 5.4 percent. Food inflation increased to 6.85 percent from 6.4 percent in December, also the highest in seventeen months.
Monday February 08 2016
India GDP Advances 7.3% in Q4  
The Indian economy expanded 7.3 percent year-on-year in the last three months of 2015, slowing from an upwardly revised 7.7 percent growth in the previous quarter but in line with market expectations. The manufacturing sector surged 12.6 percent while farm output shrank 1 percent.
Tuesday February 02 2016
RBI Leaves Policy Rate Unchanged  
The Reserve Bank of India left its benchmark repo rate at 6.75 percent during the meeting held on February 2nd, as expected. While awaiting further data on inflation, policymakers said they would stay accommodative but look forward to the government's budget statement at the end of February.
Thursday January 14 2016
India WPI Drops for 14th Straight Month in December  
Indian wholesale prices fell by 0.73 percent year-on-year in December of 2015, as compared to a 1.99 percent drop in November and above market consensus. Prices of food rose higher than in the previous month while cost of petrol and manufactured declined at a slower pace.
Tuesday January 12 2016
India Consumer Inflation Rate at 15-Month High  
Consumer prices in India rose 5.61 percent year-on-year in December of 2015, accelerating for the fifth straight month and reaching the highest since September of 2014, in line with market expectations. Food inflation was 6.4 percent, up from 6.07 percent in November.
Monday December 14 2015
India Consumer Inflation Quickens to 13-Month High  
Consumer prices in India grew 5.41 percent year-on-year in November of 2015, higher than a 5 percent rise in October and in line with market expectations. It is the highest inflation rate since October of 2014 boosted by a surge in food cost.
Monday December 14 2015
India WPI Drops for 13th Straight Month in November  
Indian wholesale prices fell by 1.99 percent year-on-year in November of 2015, slowing from a 3.81 percent drop in October, as prices of food rose higher than in the previous month while cost of petrol and manufactured declined at a slower pace. 
Tuesday December 01 2015
RBI Keeps Policy Rate Unchanged  
The Reserve Bank of India left its benchmark repo rate at 6.75 percent, as expected. Policymakers said they will monitor commodity prices, especially food and oil, while tracking inflationary expectations and external developments.
Monday November 30 2015
India GDP Growth Beats Expectations  
The Indian economy expanded 7.4 percent year-on-year in the three months to September of 2015, following an upwardly revised 7.1 percent expansion in the second quarter. Figures came better than market expectations of a 7.3 percent increase, boosted by financial, real estate and insurance activities and manufacturing.
Monday November 16 2015
India WPI Falls for 12th Straight Month in October  
Indian wholesale prices declined by 3.81 percent year-on-year in October of 2015, slowing from a 4.54 percent drop in September, as prices of food rose higher than in the previous month while cost of petrol and manufactured declined at a slower pace.
Thursday November 12 2015
India Consumer Inflation Quickens to 5%  
Consumer prices in India grew 5 percent year-on year in October of 2015, compared to 4.41 percent in September. It is the highest inflation rate in in four months boosted by higher than expected rise in cost of food.
Wednesday October 14 2015
India WPI Deflation Eases in September  
Indian wholesale prices fell 4.54 percent year-on-year in September of 2015, slowing from a 4.95 percent drop in the previous month as a rise in prices of food offset a further decline in cost of petrol. The wholesale inflation has been in negative territory since November of 2014.
Monday October 12 2015
India Consumer Inflation Above Forecasts  
Consumer prices in India increased 4.41% yoy in September, following an upwardly revised 3.74% rise in August. It is the highest inflation rate in three months driven by food prices.
Tuesday September 29 2015
India Cuts Repo Rate by 50 Bps to 6.75%  
The Reserve Bank of India cut its benchmark repo rate by a higher-than-expected 50 bps to 6.75 percent on September 29th, 2015. It is the fourth reduction this year, bringing the rate to the lowest since April of 2011, as policymakers tried to bolster the economy.
Monday September 14 2015
India Inflation Rate Falls to Fresh Record Low  
Consumer prices in India increased 3.66 percent year-on-year in August of 2015, slowing slightly from a revised 3.69 percent rise in July and in line with market expectations. The inflation rate fell to a fresh record low in August, staying below the central bank’s 6 percent target for the 11th month in a row.
Monday September 14 2015
India WPI Deflation Deepens in August  
Indian wholesale prices fell 4.95 percent year-on-year in August of 2015, following a 4.05 percent drop in the previous month as cost of manufactured products and diesel declined more than in July. The wholesale inflation has been in negative territory since November of 2014.
Monday August 31 2015
India GDP Growth Disappoints  
The Indian economy expanded 7 percent year-on-year in the second quarter of 2015, slowing from a 7.5 percent growth in the previous period and below market expectations of 7.4 percent. While services and manufacturing grew at a slower pace; mining and construction accelerated and agriculture reported expansion.
Friday August 14 2015
India WPI Deflation Worsens in July  
Indian wholesale prices fell 4.05 percent year-on-year in July of 2015, following a 2.40 percent drop in the previous month and missing market forecasts, as cost of petrol declined further while prices of food dropped. The wholesale inflation has been in negative territory since November of 2014.
Wednesday August 12 2015
Inflation Rate in India At Record Low in July  
Consumer prices in India increased 3.8 percent year-on-year in July of 2015, down from 5.4 percent reported in May. It is the lowest figure on record as food cost rose at a slower pace.
Tuesday August 04 2015
RBI Holds Policy Rate Unchanged  
The Reserve Bank of India left its benchmark repo rate at 7.25 percent, as expected. Policymakers said they await greater transmission of its monetary easing cycle embarking since January this year and leave possibilities for a more accommodative policies, depending on inflation outlook and possible action from the Federal Reserve.
Tuesday July 14 2015
India WPI Deflation at 2.40% in June  
Indian wholesale prices fell 2.40 percent year-on-year in June of 2015, following a 2.36 percent drop in the previous month, as the decline in cost of petrol eased while prices of food slowed further. The wholesale inflation has been in negative territory since November of 2014.
Monday July 13 2015
India's Inflation Rate at 8-Month High  
Consumer prices in India increased 5.4 percent year-on-year in June of 2015, compared to 5.01 percent in May. It is the highest figure since October last year due to stronger rise in food prices.
Monday June 15 2015
India WPI Deflation Eases in May  
Indian wholesale prices fell 2.36 percent year-on-year in May of 2015, following a 2.65 percent drop in the previous month, as a decline in petrol prices eased while food cost slowed. The index has been in the negative territory since November 2014.
Friday June 12 2015
India Consumer Inflation Rises to 5.01% in May  
Consumer prices in India increased 5.01 percent year-on-year in May of 2015, compared to 4.87 percent in April. The figure matched market expectations as cost of transport rose and prices of fuel and light advanced at a faster pace.
Tuesday June 02 2015
India Cuts Repo Rate for a Third Time This Year  
The Reserve Bank of India cut its benchmark policy rate by 25 bps to 7.25 percent as expected during the June 2nd meeting saying that the move is a more appropriate given low capacity utilization, mixed indicators of recovery, and subdued investment and credit growth.
Friday May 29 2015
India Economic Growth Accelerates in Q1  
India's GDP advanced 7.5 percent year-on-year in the first quarter of 2015, up from a downwardly revised growth of 6.6 percent in the previous period supported by a strong expansion in manufacturing and services sectors.
Thursday May 14 2015
India WPI Deflation Worsens in April  
Indian wholesale prices fell 2.65 percent year-on-year in April of 2015, following a 2.33 percent drop in the previous month, as petrol prices declined further while food cost slowed. The index has been in the negative territory since November 2014.
Tuesday May 12 2015
India Consumer Inflation Falls to 5-Month Low  
CPI inflation in India slowed for the second consecutive month to 4.87 percent in April of 2015 from an upwardly revised 5.25 percent in March, dragged down by lower food prices.
Wednesday April 15 2015
India WPI Deflation Deepens in March  
Indian wholesale prices fell 2.33 percent year-on-year in March of 2015, following a 2.06 percent drop in the previous month, as petrol prices declined while food cost slowed. The figure came far below market forecasts and is the deepest decline since November of 1976.
Monday April 13 2015
India Consumer Inflation Slows Slightly  
India annual CPI inflation decreased to 5.17 percent in March of 2015 from 5.37 percent in February, below market expectations. It is the lowest rate in three months due to a slowdown in food cost.
Tuesday April 07 2015
RBI Holds Policy Rate Unchanged  
The Reserve Bank of India left its benchmark repo rate on hold at 7.5 percent in April, following a surprise rate cut last month. Policymakers said will allow the disinflationary momentum to spread through the economy while waiting for commercial banks to cut lending rates.
Monday March 16 2015
India WPI Deflation Deepest Since 1976  
Indian wholesale prices fell 2.06 percent year-on-year in February of 2015, following a 0.39 percent drop in the previous month, as petrol prices declined while food cost slowed. The figure came far below market forecasts and is the deepest decline since November of 1976.
Thursday March 12 2015
India Consumer Inflation At 4-Month High  
India CPI inflation increased to 5.37 percent in February of 2015 from a revised 5.19 percent in the previous month driven by higher food prices.
Wednesday March 04 2015
RBI Cuts Repo Rate to 7.5%  
The Reserve Bank of India cut its benchmark policy repo rate by 25 bps to 7.5 percent in a surprise meeting on March 4th. It is the second rate cut this year, citing slowing inflation, weak growth and important government reforms.
Monday February 16 2015
India WPI Inflation Turns Negative  
Indian wholesale prices dropped 0.39 percent year-on-year in January of 2015, following a 0.11 percent increase in the previous month, as petrol prices declined. It is the first negative figure since June of 2009.
Thursday February 12 2015
India Consumer Inflation Rises on New Base Year  
India CPI inflation rose for the second consecutive month to 5.11 percent in January from 5 percent in the previous month, after the country changed the base year for calculating consumer prices.
Monday February 09 2015
India's GDP Grow Faster Than China's in Q4  
India's economy advanced 7.5 percent year-on-year in the last quarter of 2014, following a revised 8.2 percent rise in the previous period as the way the GDP is calculated changed.
Tuesday February 03 2015
India Holds Policy Rate Unchanged  
The Reserve Bank of India left its benchmark repo rate at 7.75 percent, as policymakers waited for more evidence of last month's rate cut and indicated that the key to further easing are continuing disinflationary pressures and sustained fiscal consolidation.
Thursday January 15 2015
India Cuts Policy Rate to 7.75%  
The Reserve Bank of India cut its benchmark policy repo rate by 25 bps to 7.75 percent in a surprise meeting on January 15th, aiming to boost growth amid slowing inflation. Policymakers also signaled further monetary easing, depending on continuing disinflationary pressures, fiscal consolidation and supply constraints.
Friday January 16 2015
India Wholesale Inflation at 0.11% in December  
Indian wholesale prices increased by 0.11 percent in December of 2014 after being flat in the previous month driven by a surge in food cost.
Monday January 12 2015
India Consumer Inflation Climbs to 5%  
Indian CPI inflation increased for the first time in five months to 5 percent in December of 2014 from a record-low of 4.38 percent the previous month and driven by higher food prices.
Monday December 15 2014
India's Wholesale Prices Unchanged in November  
Indian wholesale price inflation was recorded at 0 percent in November, down from 1.77 percent in October. It is the lowest rate in nearly 5-1/2 years, mainly due to a fall in fuel prices and lower food cost.
Friday December 12 2014
India Consumer Inflation at 4.38%  
Indian consumer inflation slowed for the fourth straight month to a fresh record-low of 4.38 percent in November as food prices kept its downward trend.
Tuesday December 02 2014
India Leaves Monetary Policy Unchanged  
The Reserve Bank of India left the benchmark repo rate on hold at 8 percent on December 2nd, saying a change in monetary policy in current conditions is premature. However, policymakers added that adjustments may occur next year if inflation continues to ease and fiscal developments are encouraging.
Friday November 28 2014
India Economic Growth Weakens in Q3  
India's GDP advanced faster than expected 5.3 percent in the third quarter of 2014, yet below 5.7 percent reported from April to June. The expansion was dragged down by weaker manufacturing while services growth remained strong.
Friday November 14 2014
India WPI Down Further in October  
Indian annual wholesale price inflation was recorded at 1.77 percent in October, slowing further from a 2.38 percent increase in September. It is the lowest rate since October of 2009, mainly due to a fall in prices of food and petrol.
Friday November 14 2014
India Consumer Inflation Beats Expectations  
Indian consumer inflation eased to a new record-low of 5.52 percent in October of 2014 as food prices slowed sharply.
Tuesday October 14 2014
India WPI Inflation Falls to New Five-Year Low in September  
Indian annual wholesale price inflation was recorded at 2.38 percent in September of 2014, slowing from a 3.74 percent increase in August. It is the lowest rate since October of 2009, mainly due to a fall in prices of food and petrol.
Monday October 13 2014
India Consumer Inflation Down to Record Low  
Indian consumer inflation slowed for the second consecutive month to 6.46 percent in September of 2014, from a revised 7.73 percent in August. It is the lowest rate on record mainly driven by lower food prices.
Tuesday September 30 2014
India Keeps Policy Rate at 8%  
At its September 30th meeting, the Reserve Bank of India left the repo rate on hold at 8 percent, waiting for more evidence that inflation rate is slowing.
Monday September 15 2014
India WPI Inflation Down to 5-Year Low  
Indian wholesale price index rose 3.74 percent year-on-year in August of 2014, slowing from a 5.19 percent increase in July. It is the lowest rate since October of 2009 mainly due to a fall in prices of vegetables and oil.
Friday September 12 2014
India Consumer Inflation Edges Down in August  
Indian consumer prices rose by an annual 7.8 percent in August of 2014, slowing slightly from 7.96 percent in July. Provisional estimates showed the annual food inflation accelerated to 9.42 percent.
Friday August 29 2014
India Economy Expands 5.7% in Q2  
India's GDP advanced faster than expected 5.7 percent in the second quarter of 2014, up from 4.6 percent expansion reported in the first three month of the year. It is the highest growth rate reported since the fourth quarter of 2011.
Thursday August 14 2014
India's WPI Inflation At Five-Month Low in July  
India's wholesale price inflation in July eased to a five-month low of 5.19 percent, as cost of fuel moderated.
Tuesday August 12 2014
India Inflation Rate Surges in July  
Indian annual inflation rate accelerated to 7.96 percent in July of 2014 from 7.31 percent in the previous month driven by higher food prices.
Tuesday August 05 2014
Reserve Bank of India Leaves Rate on Hold  
At its August 5th meeting, the Reserve Bank of India left the repo rate at 8 percent, but cut the amount of government bonds banks must hold with the central bank by 50 bps to 22 percent, aiming to increase bank credit.
Monday July 14 2014
India Consumer Inflation Down to Record Low  
Indian consumer prices rose by an annual 7.31 percent in June of 2014, the lowest rate on record. The inflation rate slowed for the second straight month, due to lower food prices.
Monday July 14 2014
India Wholesale Inflation Slows in June  
Indian wholesale annual inflation rate slowed to 5.43 percent in June of 2014 from 6.01 percent in the previous month. It is the lowest rate in four months, as prices of onion and vegetables fell further and fuel cost rose at the slowest pace this year.
Monday June 16 2014
India WPI Inflation Up to 5-Month High  
Indian wholesale annual inflation rate accelerated to 6.01 percent in May of 2014 from 5.2 percent in the previous month, driven by higher fuel and food cost.
Thursday June 12 2014
India Consumer Inflation Declines in May  
Indian annual consumer prices decelerated to 8.28 percent in May of 2014 from 8.59 percent in April. It is the lowest rate in three months as food prices slowed slightly.
Tuesday June 03 2014
India Holds Policy Rate at 8%  
At its June 3rd, 2014 meeting, Reserve Bank of India left the repo rate at 8 percent, but cut the amount of government bonds banks must hold with the central bank - the statutory liquidity ratio - by 50 bps to 22.5 percent, aiming to increase bank credit.
Friday May 30 2014
Indian Economic Growth Decelerates in Q1  
In the first quarter of 2014, India's GDP growth slowed to 4.6 percent yoy from a 4.7 percent expansion registered in the previous period. The output was mainly hurt by a contraction in the manufacturing sector.
Thursday May 15 2014
India WPI Inflation Slows in April  
Indian wholesale inflation rate decelerated to a two-month low of 5.2 percent in April of 2014 from 5.7 percent in the previous month, as prices of food and fuel slowed.
Monday May 12 2014
India Consumer Inflation Up to 3-Month High  
Indian annual consumer prices accelerated for the second straight month to 8.59 percent in April of 2014, from 8.31 percent in March, driven by higher cost of fruits and vegetables.
Tuesday April 15 2014
India Consumer Inflation Edges Up in March  
Indian annual consumer prices accelerated in March for the first time in four months to 8.31 percent, up from a revised 8.03 percent in February, driven by higher food prices.
Tuesday April 15 2014
India Wholesale Inflation Up to 3-Month High  
In March of 2014, India wholesale prices accelerated to an annual 5.7 percent on higher food, fuel and manufacturing cost, breaking a three-month easing trend.
Tuesday April 01 2014
India Leaves Rates on Hold  
In its April 1st, 2014 meeting, Reserve Bank of India decided to leave the policy repo rate unchanged at 8 percent and decided to officially start using consumer price inflation to determine its monetary policy.
Friday March 14 2014
India Wholesale Inflation Slows for 3rd Straight Month  
In February of 2014, Indian annual wholesale price index decelerated to 4.68 percent, reaching the lowest rate in nine months, as food and fuel prices moderated. A year ago, the inflation was recorded at 7.28 percent.
Wednesday March 12 2014
India Consumer Inflation Edges Down in February  
Indian annual inflation rate slowed to a 25-month low of 8.1 percent in February of 2014. Provisional figures showed prices of vegetables eased the most on the year.
Friday February 28 2014
Indian GDP Grows Below Expectations  
In the fourth quarter of 2013, Indian economic growth slowed to 4.7 percent over a year earlier, down from a 4.8 percent expansion in the previous period, hurt by a contraction in manufacturing and mining output.
Friday February 14 2014
India Wholesale Inflation Slows to 8-Month Low  
In January of 2014, Indian annual WPI eased for the second straight month to 5.05 percent, the lowest rate since May of 2013, as food prices slowed and mineral cost fell.
Wednesday February 12 2014
India Consumer Inflation Slows to 24-Month Low  
In January of 2014, Indian consumer price inflation decelerated to 8.79 percent, the lowest annual rate since January of 2012, due to lower food prices.
Tuesday January 28 2014
Reserve Bank of India Raises Rates  
In its January 2014 meeting, Reserve Bank of India decided to raise the policy repo rate by 25 bps to 8 percent to handle currency pressure and curb persistently high inflation.
Wednesday January 15 2014
Indian WPI Slows to 5-Month Low in December  
In December of 2013, Indian headline inflation rate slowed to 6.16 percent, the lowest rate in five months as vegetable prices, mainly onions, slowed due to a new harvest. On a monthly basis, prices fell 1.27 percent.
Wednesday December 18 2013
Reserve Bank of India Leaves Policy Rates on Hold  
In its December meeting, the Reserve Bank of India kept its rates on hold following two successive 25 basis points hikes. The Bank decided to wait for further data despite high levels of inflation.
Monday December 16 2013
Indian WPI Inflation Rises to 14-Month High in November  
In November, India's headline inflation rate edged up to 7.5 percent, from 7.0 percent a month earlier. Prices rose at its faster pace since September of 2012 mainly due to higher food articles and energy costs.
Friday November 29 2013
Indian GDP Growth Beats Expectations  
In the third quarter of 2013, Indian economy advanced 4.8 percent over a year earlier, up from 4.4 percent in the previous three-month period, led by a surge in agriculture production and construction. Although third quarter figures came above market expectations, the economy grew below 5 percent for the fourth straight quarter.
Thursday November 14 2013
Indian Wholesale Inflation Accelerates to 7% in October  
In October of 2013, India’s annual headline inflation rose for the fifth straight month to an eight-month high of 7 percent, mainly due to higher prices of fuel and manufactured goods.
Tuesday October 29 2013
India Raises Policy Repo Rate to 7.75%  
The Reserve Bank of India has raised its policy repo rate for the second consecutive month by 25 basis points to fight high inflation and rolled back an emergency measure put in place in July to support the rupee.
Monday October 14 2013
Indian Inflation Speeds Up to 7-Month High in September  
In September, India's headline inflation rate based on monthly WPI rose to 6.5 percent from 6.1 percent in August, hitting its highest level since February of 2013. The speed up is broadly due to higher prices for food.
Friday September 20 2013
Reserve Bank of India Raises the Repo Rate to 7.5%  
The Reserve Bank of India decided on September 20th to raise the repo rate by 25 bps to 7.5 percent, in an attempt to refrain inflationary pressures. At the same time, it reduced the marginal standing facility rate by 75 bps to 9.5 percent to preserve the value of the rupee, while scaled back the minimum daily cash reserve ratio banks must keep with the central bank.
Monday September 16 2013
Indian Inflation Rate Rises to 6.1% in August  
In August, India's headline inflation rate, based on monthly WPI, rose to 6.10 percent from 5.79 percent in July and is the highest in six months. The speed up is mainly due to higher prices for food and energy.
Friday August 30 2013
India’s Economy Expands 4.4% in Q2  
India's Gross Domestic Product grew at 4.4 percent in the second quarter of 2013, the worst quarterly rate since 2002, hurt by a decline in mining and manufacturing.
Wednesday August 14 2013
Indian Inflation Rises to 5-Month High in July  
In July, India's headline inflation rate, based on monthly WPI, rose to 5.79 percent from 4.86 percent in June, mainly driven by higher food prices and more expensive imports due to a falling rupee.
Tuesday July 30 2013
Reserve Bank of India Leaves Rates on Hold  
Reserve Bank of India decided on July 30th to leave the repo rate unchanged at 7.25 percent, to support the rupee and citing increasing risks to growth outlook.
Monday July 15 2013
India's Annual Inflation Rate Up to 4.86% in June  
India's annual rate of inflation, based on monthly WPI, quickened to 4.86 percent in June as compared to 4.70 percent in May due to higher cost of food.
Monday June 17 2013
India's Reserve Bank Keeps Rates Unchanged Amid Inflationary Risks  
The RBI decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 7.25 per cent and to keep the cash reserve ratio of scheduled banks unchanged at 4.0 per cent of their net demand and time liabilities. The Central Bank warned of upward risks to inflation posed by a falling rupee and increases in food prices.
Friday June 14 2013
India's Inflation Slows to 4.7% in May  
India's annual rate of inflation, based on the Wholesale Price Index, stood at 4.70 percent (provisional) for the month of May as compared to 4.9 percent in the previous month, the lowest level in more than three years.
Monday August 12 2013
India's Economy is Bound for Slower Growth in 2013  
In recent months, Indian government has introduced pro-business economic reforms and outlined plans to increase spending on capital investment and large-scale social programs. Yet, it looks like is too little and too late. In the first three months of 2013, the GDP growth slowed to 4.8 percent and it is likely to go down further due to weak consumption, capital investment and declining government spending.
Friday May 31 2013
India's Economy Makes Timid Recovery in Q1  
India's quarterly Gross Domestic Product grew at 4.8 percent in the first quarter of 2013, only slightly better than an upwardly revised 4.7 percent growth in the previous three months. While Services were the largest contributor to growth, Manufacturing rose only 2.6 percent, Electricity, gas and water supply increased 2.8 percent, Agriculture, forestry and fishing were up 1.4 per cent and Mining and quarrying declined 3.1 percent.
Tuesday May 14 2013
India Inflation Rate Down to 4.9% in April  
The annual rate of inflation, based on monthly WPI, stood at 4.89 percent for the month of April 2013 (over April 2012) as compared to 5.96 percent for the previous month and 7.50 percent during the corresponding month of the previous year. Build up inflation rate in the financial year so far was 0.53 percent compared to a build up rate of 1.55 percent in the corresponding period of the previous year.
Monday May 13 2013
India Trade Deficit Widens in April  
India’s trade deficit rose in April from the same month a year earlier as imports of gold and silver increased more than twice, underlying an improvement in exports.
Friday May 03 2013
Reserve Bank of India Cuts Interest Rate by 25bps to 7.25%  
Based on an assessment of the current and prospective macroeconomic situation, the RBI has decided to reduce the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 7.5 per cent to 7.25 percent.
Thursday April 18 2013
India Trade Deficit Narrows in March  
India's exports rose 15 percent in February 2013 from a year earlier to INR 1678 billion, while imports rose 5 percent to INR 2239 billion leaving a trade deficit of INR 561 billion, according to trade ministry data.
Monday April 15 2013
India Inflation Rate Down to 5.96% in March  
The annual rate of inflation, based on monthly WPI, stood at 5.96 percent for the month of March, 2013 (over March, 2012) as compared to 6.84 percent for the previous month and 7.69 percent during the corresponding month of the previous year. Build up inflation rate in the financial year so far was 5.96 percent compared to a build-up rate of 7.69 percent in the corresponding period of the previous year.
Tuesday March 19 2013
Reserve Bank of India Cuts Interest Rate by 25 Basis Points  
Based on an assessment of the current macroeconomic situation, the Reserve Bank of India decided to reduce the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 7.75 percent to 7.5 percent with immediate effect. Consequently, the reverse repo rate under the LAF stands adjusted to 6.5 percent and the marginal standing facility rate and the Bank Rate to 8.5 percent with immediate effect.
Thursday March 14 2013
India Inflation Rate Up tp 6.84% in February  
The annual rate of inflation, based on monthly WPI, stood at 6.84% (Provisional) for the month of February, 2013 (over February, 2012) as compared to 6.62% (Provisional) for the previous month and 7.56% during the corresponding month of the previous year. Build up inflation in the financial year so far was 5.71% compared to a build up of 6.56% in the corresponding period of the previous year.
Monday March 11 2013
India Trade Deficit Narrows in February  
India's exports rose 4.25 per cent in February 2013 from a year earlier to INR 1412 Billion, while imports rose 2.6 per cent to INR 2214 billion, leaving a trade deficit of INR 802 billion, according to trade ministry data.
Friday May 31 2013
India’s GDP Growth Slows More Than Expected  
Recent updates for India are showing further deterioration of its economy. In the first three months of 2013, the GDP growth slowed to 4.8 percent; the ninth consecutive quarter of expansion below 8 percent.
Thursday February 28 2013
India's Economic Growth Eases More than Expected in Q4  
In the fourth quarter of 2012, India's economy grew only 4.5 percent due to the widespread weakness in farm, mining and manufacturing output.
Thursday February 28 2013
India's GDP Growth Slows to 4.5% in Q4  
India's quarterly GDP at factor cost at constant (2004-05) prices for Q3 of 2012-13 is estimated at Rs. 14,11,594 crore, as against Rs. 13,51,252 crore in Q3 of 2011-12, showing a growth rate of 4.5 percent over the corresponding quarter of previous year.
Thursday February 14 2013
India Inflation Slows to 6.62 Percent in January of 2013  
The annual rate of inflation, based on monthly WPI, stood at 6.62% for the month of January of 2013 (over January of 2012) as compared to 7.18% for the previous month and 7.23% during the corresponding month of the previous year. Build up inflation in the financial year so far was 5.09% compared to a build up of 6.15% in the corresponding period of the previous year.
Wednesday February 13 2013
India's Trade Deficit Widens in January  
India recorded a trade deficit of Rs. 1086.12 billion in January of 2013, compared to a Rs. 965.73 billion deficit in the previous month.
Tuesday January 29 2013
India's Central Bank Cuts Interest Rates By 25 Basis Points  
The Reserve Bank of India decided to cut its reference interest rate from 8 percent to 7.75 percent.
Friday January 18 2013
India's Trade Deficit Narrows in December  
India's trade deficit stood at Rs. 965.73 billion in December.
Monday January 14 2013
India Inflation Rate at 7.18 Percent in December  
The annual rate of inflation, based on monthly WPI, stood at 7.18 percent for the month of December of 2012 over December of 2011 as compared to 7.24 percent for the previous month and 7.74 percent during the corresponding month of the previous year.
Tuesday December 18 2012
India Keeps Interest Rate Unchanged  
On the basis of the current macroeconomic assessment, the Reserve Bank of India has been decided to keep the cash reserve ratio unchanged at 4.25 per cent and keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 8.0 per cent.
Friday December 14 2012
India Inflation Down to 7.24 Percent in November  
The annual rate of inflation, based on monthly WPI, stood at 7.24 percent (Provisional) for the month of November, 2012 (over November, 2011) as compared to 7.45 percent (Provisional) for the previous month and 9.46 percent during the corresponding month of the previous year. Build up inflation in the financial year so far was 4.84 percent compared to a build up of 5.28 percent in the corresponding period of the previous year.
Wednesday December 12 2012
India Annual Inflation Rate Down to 7.45 Percent in October  
The annual rate of inflation, based on monthly WPI, stood at 7.45 percent (Provisional) for the month of October, 2012 (over October, 2011) as compared to 7.81 percent (Provisional) for the previous month and 9.87 percent during the corresponding month of the previous year.
Tuesday December 11 2012
India's Trade Deficit Narrows in November  
India's trade deficit stood at Rs. 1056.48 billion in November as imports increase to Rs. 2277.96 billion while exports sink to 1221.48 billion.
Tuesday December 11 2012
India Keeps Interest Rate Unchanged  
The Reserve Bank of India has kept interest rates unchanged, but decreased reserve requirements, as the economic growth is falters under weakened global demand.
Tuesday December 11 2012
India's GDP Growth Slows to 5.3 Percent in Q3  
India’s economy has expanded by just 0.6 over the previous quarter and 5.3 percent over the previous year in the third quarter.
Wednesday November 30 2011
India's GDP Growth Slows to 6.9%  
The Indian economy expanded at its slowest pace in more than two years in the July-September quarter, hurt by high local borrowing costs and a deepening euro-zone crisis.
Tuesday August 30 2011
India's Economy Grows 7.7% in Q2  
India's economy grew 7.7% in the three months from April to June, compared with the same period of 2010.
Tuesday May 31 2011
India GDP Growth Slows to 7.8%  
India's economy rose 7.8 percent in the three months ended March 31 from a year earlier, after a revised 8.3 percent gain in the previous quarter, the Central Statistical Office said in a statement in New Delhi on May 31. That’s the slowest pace in five quarters.
Tuesday March 01 2011
India GDP Growth Slows to 8.2% in Q4  
India's economy grew 8.2% compared to the same period a year earlier between October and December, government data showed on March 1.
Thursday December 02 2010
India GDP Surges 8.9% in the Third Quarter  
India's domestically-powered economy grew more than expected in the September quarter, defying weakness elsewhere and putting pressure on the Reserve Bank of India (RBI) to tighten monetary policy although a rate increase next month still looks unlikely.
Sunday September 05 2010
India’s Second Quarter GDP Rises To 8.8%  
India's economy expanded 8.8% in the second quarter from a year earlier, compared to an 8.6% on-year expansion in the first, lifted by robust activity in manufacturing.
Wednesday June 02 2010
Is India's High Growth Sustainable?  
After almost 7% growth in 2008/09 fiscal year, in the first three months of 2010 India's economy expanded 8.6% boosted by industrial production and services. But, is the third largest economy in Asia able to keep its high rate of growth?
Monday May 31 2010
Indian Economic Growth Accelerates to 8.6%  
India’s economic growth accelerated in the first quarter, adding pressure on the central bank to raise interest rates even as Europe’s sovereign-debt crunch threatens the global recovery.
Thursday March 11 2010
Can India Reach 10% Growth Rate?  
After three years of growth over 9%, India's economy expended 6.7% in 2008/09 fiscal year, weathering surprisingly well global crisis and poor monsoon. This year projections start at 7.2%, some even believe that India can overtake China as the fastest growing nation in the world. But can the government of third largest economy in Asia be able to achieve this goal?
Thursday January 21 2010
India's Economy May Overheat in 2010  
In the third quarter of 2009, India's economy expanded 7.9%. And although it is expected that in the last three months of 2009, the third largest economy in Asia might have recorded growth over 8%, the beginning of 2010 may surprise us on the negative side. 
Monday November 30 2009
India’s Economy Expands 7.9%  
India’s economy expanded at the fastest pace in six quarters as manufacturing jumped, giving the central bank room to withdraw more stimulus measures.
Wednesday November 04 2009
Poor Monsoon Challenges India Pace of Growth  
This week, India’s finance minister announced the government would keep its fiscal stimulus as poor monsoon and uncertain global outlook threaten the country’s growth. This statement also made clear the second fastest growing economy in the world, may be struggling in keeping current 6% pace of expansion.
Friday September 04 2009
India’s GDP Growth May be Halted by a Drought  
In the second quarter of 2008 India economy expended 6.1%, after growing 5.8% in the first quarter. And although it is less than average recorded during last three years, India is still the second fastest growing economy in the world after China.
Friday June 05 2009
India May Emerge From the Slowdown This Year  
Although India’s economy grew a better-than-expected 5.8 per cent in the first quarter of 2009 is still beyond the government initial expectations. Indeed, with an ongoing global economic crisis squeezing bank’s liquidity and cooling the exports sector, India’s government can forget about reaching a two-digit growth rate in the near future.
Thursday April 23 2009
India is Fighting the Slowdown  
Only a few months ago, India’s government was confident that the country was on its way to reach a two-digit growth rate. But with the ongoing global financial crisis squeezing bank’s liquidity and cooling the country’s exports, India’s economy is heading to a sharp downturn.
Sunday February 15 2009
India Is Under Threat From The Global Recession  
Only a few months ago, India’s government was confident that the country was on its way to reach a two-digit growth rate. But with the ongoing global financial crisis squeezing bank’s liquidity and cooling the country’s exports, India’s economy is heading to a sharp downturn.
Friday January 02 2009
India Cuts Rates  
India cut interest rates for the fourth time since October and unveiled another stimulus package to counter the effect of the global recession on Asia's third- largest economy.
Monday December 08 2008
India Cuts Interest Rates  
India’s central bank cut interest rates for the third time in less than two months after last week’s terror attacks shook investor confidence in an economy already weakened by a global recession.
Monday December 01 2008
India Exports Fall in October  
India’s exports declined for the first time in seven years as recession in its biggest markets in the U.S. and Europe damped demand for the nation’s products.
Friday November 28 2008
India’s Economy Expands 7.6%  
India’s economy grew at the slowest pace since 2004 last quarter, increasing pressure on the central bank to cut interest rates.
Thursday November 13 2008
India's Inflation Rate Declines  
India's inflation rate fell the most in at least 18 years, increasing speculation the central bank may make further unscheduled interest-rate cuts to shield the economy from a global slowdown.
Thursday November 06 2008
India Inflation Rate Holds Near Lowest in Five Months  
India's inflation held near a five- month low, validating the central bank's decision to reduce interest rates to bolster economic growth.
Tuesday November 04 2008
India Exports Slow  
India's exports grew at the slowest pace in 18 months in September as a weakening global economy damped demand for the nation's products.
Friday October 31 2008
India Inflation Is Under 11%  
India's inflation rate fell below 11 percent for the first time since May, giving the central bank room to reduce interest rates.
Thursday October 23 2008
India's Inflation Slows  
India's inflation slowed more than economists expected to a four-month low, vindicating the central bank's decision this week to cut interest rates to shore up a slowing economy.
Monday October 20 2008
India Lowers Key Rate  
India's central bank unexpectedly lowered its key repurchase rate for the first time since 2004 as the global credit-market turmoil threatens to plunge the world economy into recession.
Wednesday October 01 2008
India's August Trade Gap Doubles  
India's trade deficit almost doubled to a record in August as a surge in crude oil prices increased the nation's import bill and overseas sales of goods slowed.
Friday September 26 2008
India's Inflation Holds Near Lowest Level in 5 Weeks  
India's inflation held near a five- week low, giving the central bank room to keep borrowing costs unchanged and avoid placing funding pressures on lenders spooked by the U.S. financial meltdown.
Wednesday September 17 2008
Rupee Rebounds From Two-Year Low  
India's rupee rebounded from a two- year low, gaining the most in almost two months, after the central bank announced measures to boost dollar supply and curb exchange-rate swings.
Tuesday September 16 2008
Indian Rupee Falls Most in Decade  
India's rupee fell the most in a decade on speculation turmoil on Wall Street will heighten risk aversion among global investors, boosting sales of emerging- market assets.
Monday September 15 2008
India's Inflation Slows for a Third Week  
India's inflation slowed for a third straight week, signaling that the central bank's three interest-rate increases since early June are beginning to work.
Monday September 01 2008
Indian Rupee Drops  
India's rupee declined by the most in a week on speculation losses in equities will prompt global funds to reduce their local holdings.
Monday September 01 2008
Indian Export Growth Rises to Fastest in Three Months  
India's exports accelerated at the fastest pace in three months in July as companies shipped more gems, auto parts, medicines and other manufactured products to overseas markets.
Friday August 29 2008
Indian Growth Slowest for 3 Years  
India's economy grew at the slowest pace since 2004 last quarter as decade-high inflation and increased borrowing costs damped consumer spending.
Thursday August 28 2008
India's Inflation Rate Near Highest in 16 Years  
India's inflation held near a 16- year high as floods in half the country damaged crops and disrupted food supplies.
Thursday August 28 2008
Indian Rupee Falls as Importers Buy Dollars  
India's rupee declined on speculation importers bought dollars to pay month-end bills.
Wednesday August 27 2008
Indian Rupee Rises  
India's rupee rose, ending two days of losses, on speculation the central bank will seek gains in the currency to curb the fastest price increases in 16 years.
Tuesday August 26 2008
Rupee Pares Losses  
India's rupee rebounded from a 17- month low, paring losses, on speculation the central bank bought the currency to prevent declines from adding to inflation.
Tuesday August 26 2008
Indian Stocks Gain  
India's stocks benchmark index rose, erasing earlier losses, after crude oil fell, easing concern that energy costs will stoke inflation.
Tuesday August 26 2008
India to Unveil Economic Growth for Q2  
India will announce the pace of economic growth in the fiscal first quarter ended June as the highest interest rates in seven years cool consumer demand for homes, cars and appliances.
Tuesday August 26 2008
India's Central Bank May Need to Rise Interest Rates  
India's central bank should raise interest rates as inflation at a 16-year high hurts the government's electoral prospects before a vote due by May, according to the finance ministry's top economist.
Monday August 25 2008
Indian Rupee Declines to 17-Month Low  
India's rupee closed at the weakest level in 17 months on speculation importers bought dollars to settle bills.
Monday August 25 2008
India Inflation Accelerates to 16-Year High of 12.63%  
India's inflation accelerated to the fastest pace in more than 16 years, increasing the likelihood the central bank will raise interest rates for a fourth time since June.
Sunday July 27 2008
Inflation in India rises to 11.91%  
Inflation in India escalated to 11.91 per cent, a 13 year high during the week ended in July 5.The Whole Price Index based inflation was as low as 4.46 per cent in January and slowly increased to 5.27 per cent in February, 7.25 per cent in March and 7.41 per cent in April.
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Monday August 20 2018
Thailand Q2 GDP Annual Growth Beats Estimates  
Thailand's gross domestic product grew by 4.6 percent year-on-year in the second quarter of 2018, following an upwardly revised 4.9 percent expansion in the previous period but beating market consensus of 4.5 percent. Government spending rose at a slower pace while investment, private consumption, and exports continued to increase at a solid pace.
Monday August 20 2018
Thailand Economy Grows 1% QoQ in Q2  
Thailand's economy advanced 1 percent quarter-on-quarter in the June quarter of 2018, following an upwardly revised 2.1 percent growth in the previous period and matching market consensus. Growth was mainly driven by private consumption and net exports while government spending and fixed investment contracted.
Friday August 17 2018
Week Ahead  
Next week the Federal Reserve, ECB and Reserve Bank of Australia will be publishing the minutes of their last policy meetings. Key economic data include: US existing and new home sales, durable goods orders and flash Markit PMIs; UK CBI factory orders and UK Finance mortgage approvals; Eurozone flash Markit PMIs and consumer confidence; and Japan inflation rate and flash Nikkei Manufacturing PMI.
Friday August 17 2018
US Consumer Sentiment Lowest in Near a Year  
The University of Michigan's consumer sentiment for the US fell to 95.3 in August of 2018 from 97.9 in July, below market expectations of 98. It is the lowest reading since September last year amid weaker assessments of buying conditions, mainly due to less favorable perceptions of market prices, preliminary estimates showed.
Friday August 17 2018
Russian Unemployment Rate Unchanged at Record Low  
Russian unemployment rate stood at an all-time low of 4.7 percent in July 2018, unchanged from the previous month and compared with last year's 5.1 percent. The number of unemployed increased by 1.7 percent from a month earlier.
Friday August 17 2018
Canada Inflation Rate Highest since 2011  
The inflation rate in Canada increased to 3 percent in July of 2018 from 2.5 percent in June, above market expectations of 2.5 percent. It is the highest inflation rate since September of 2011, boosted by rising prices for gasoline, fuel, air transportation and travel tours.
Friday August 17 2018
Eurozone July Inflation Rate Confirmed at 5-1/2-Year High  
Euro area annual inflation rate was confirmed at 2.1 percent in July 2018, up from 2 percent in the previous month and the highest since December 2012. Main upward pressure came from energy and services, while food prices rose at a softer pace.
Friday August 17 2018
Hong Kong Jobless Rate Holds Steady at 2.8%  
The seasonally adjusted unemployment rate in Hong Kong was unchanged at a 20-year low of 2.8 percent in the three months to July 2018. The underemployment rate, however, edged up to 1.1 percent from 1 percent in the April-June period.
Friday August 17 2018
Malaysia Allows More Flexibility for Exporters: Bank Negara  
Bank Negara Malaysia would allow greater flexibility for exporters in managing their export proceeds, the central bank said in a statement on its website. Also, the central bank will provide more flexibility for hedging of foreign currency obligations and allow non-resident corporations to trade in ringgit denominated interest rate derivatives. All those measures, which will go into effect immediately, were taken to facilitate operational efficiencies and risk management by businesses and financial institutions.
Friday August 17 2018
Malaysia Q2 GDP Growth Weakest in 1-1/2 Years  
The Malaysian economy grew 4.5 percent year-on-year in the second quarter of 2018, following a 5.4 percent expansion in the previous three-month period and missing market consensus of 5.2 percent. It was the weakest growth rate since the fourth quarter of 2016, as net external demand contributed negatively to GDP growth, while private consumption, investment, and government spending continued to increase at a solid pace.
Thursday August 16 2018
US Housing Starts Rise Less than Expected  
Housing starts in the US rose 0.9 percent from a month earlier to an annualized rate of 1,168 thousand in July 2018, recovering from an upwardly revised 12.9 percent drop in June, but missing market expectations of a 7.4 percent increase to 1,260 thousand.
Thursday August 16 2018
US Jobless Claims Fall for 2nd Straight Week  
The number of Americans filling for unemployment benefits dropped by 2 thousand to 212 thousand in the week ending August 11 from the previous week's upwardly revised level of 214 thousand. Jobless claims fell for the second straight week to its lowest level since the week ending in July 14. Market consensus had pointed to an increase to 215 thousand.
Thursday August 16 2018
Euro Area Trade Surplus Narrows in June  
The Euro Area trade surplus narrowed to EUR 22.5 billion in June 2018 from EUR 25.7 billion in the same month a year earlier, well above market expectations of EUR 18 billion. Imports rose 8.6 percent and exports increased 5.7 percent.
Thursday August 16 2018
Australia July Jobless Rate Falls to Near 6-Year Low of 5.3%  
Australia's seasonally adjusted unemployment rate unexpectedly inched lower to 5.3 percent in July of 2018 from 5.4 percent in the prior month and below market consensus of 5.4 percent. It was the lowest jobless rate since November 2012, as the economy lost 3,900 jobs and the number of unemployed declined by 5,700.
Thursday August 16 2018
Japan Trade Balance Swings to Deficit  
Japan recorded a trade deficit of JPY 231 billion in July of 2018, compared to a JPY 407 billion surplus in the same month a year ago and to market consensus of a JPY 50 billion gap.
Wednesday August 15 2018
US Industrial Output Growth Weaker than Expected  
US industrial output edged up 0.1 percent month-over-month in July 2018, following an upwardly revised 1 percent increase in June and missing market expectations of a 0.3 percent gain. Manufacturing production continued to grow while there was a contraction in both utilities and mining output.
Wednesday August 15 2018
US Retail Sales Rise More than Expected in July  
US retail trade rose by 0.5 percent month-over-month in July 2018, following a downwardly revised 0.2 percent advance in June. The sales beat market expectations of a 0.1 percent gain boosted by purchases of motor vehicles and clothing.
Wednesday August 15 2018
Nigeria Inflation Rate Falls to New 2-1/2-Year Low  
Nigeria's annual inflation rate eased further to 11.14 percent in July 2018 from 11.23 percent in the previous month, and matched market expectations of 11.1 percent. It was the lowest inflation rate since January 2016.
Wednesday August 15 2018
Irish Trade Surplus Widens in June as Exports Hit Record  
Ireland's trade surplus widened sharply to EUR 4.99 billion in June 2018 from EUR 3.54 billion in the same month of the previous year.
Wednesday August 15 2018
UK Inflation Rate Rises to 2.5% in July  
Consumer price inflation in the UK rose to an annual rate of 2.5 percent in July 2018 from a year low of 2.4 percent in the previous month and in line with market expectations. Inflation picked up for the first time since last November.
Wednesday August 15 2018
Indonesia Hikes Key Interest Rate to 5.5%  
Bank Indonesia raised its 7-day reverse repurchase rate by 25 bps to 5.50 percent on August 15th, the fourth hike in less than three months, in an attempt to support the country's falling currency. The decision came after the rupiah weakened to its lowest since October 2015 on the back of Turkey's currency crisis. The deposit and lending facility rates were also increased by 25 bps to 4.75 percent and 6.25 percent respectively.
Wednesday August 15 2018
Turkish Jobless Rate Drops to 9.7%  
The Turkish unemployment rate in Turkey fell to 9.7 percent in May 2018 from 10.2 percent in the corresponding month a year earlier.
Wednesday August 15 2018
Indonesia Posts Largest Trade Deficit in 5 Years  
Indonesia's trade deficit widened sharply to USD 2.03 billion in July 2018 from USD 0.3 billion in the same month a year earlier, and well above market consensus of a USD 0.6 billion gap. It was the largest trade deficit since July 2013, as imports jumped to a record high.
Tuesday August 14 2018
Eurozone Q2 GDP Growth Revised Higher to 0.4%  
The Eurozone economy expanded by 0.4 percent in the second quarter of 2018, the same pace as in the previous period and above a preliminary reading of 0.3 percent growth. The latest upward revision comes after Germany, the bloc's largest economy, recorded a better-than-expected 0.5 percent expansion in the second quarter.
Tuesday August 14 2018
Portuguese Economy Grows 0.5% QoQ in Q2  
The Portuguese economy grew by 0.5 percent on quarter in the three months to June of 2018, following a 0.4 percent expansion in the previous period, a preliminary estimate showed.
Tuesday August 14 2018
Eurozone June Industrial Output Grows Less than Expected  
Industrial production in the Euro Area rose by 2.5 percent year-on-year in June 2018, following an upwardly revised 2.6 percent gain in the prior month while markets had expected it to advance 2.6 percent. Output grew less for intermediate goods and non-durable consumer goods and contracted further for energy.
Tuesday August 14 2018
UK Jobless Rate Falls to Lowest since 1975  
The unemployment rate in the UK fell to 4 percent in the three months to June 2018, the lowest level since the December 1974-February 1975 period and below market consensus of 4.2 percent. The number of unemployed declined by 65,000 from the January to March period while employment rose by 42,000. Still, annual wage growth eased to a nine-month low.
Tuesday August 14 2018
Dutch Q2 GDP Growth Stronger than Expected  
The Dutch economy grew by 0.7 percent on quarter in the three months to June 2018, following a 0.6 percent expansion in the previous period and beating market expectations of 0.5 percent, a preliminary estimate showed. Growth was mainly driven by foreign trade and investments.
Tuesday August 14 2018
Spain Inflation Rate Confirmed at 2.2% in July  
The annual inflation rate in Spain fell to 2.2 percent in July of 2018 from 2.3 percent in the previous month, matching the preliminary estimate and in line with market expectations. Prices slowed mainly due to food and non-alcoholic beverages and transport.
Tuesday August 14 2018
India July Wholesale Inflation Slows to 5.09%  
Wholesale prices in India rose by 5.09 percent year-on-year in July of 2018, after a 5.77 percent gain in the prior month. Figure came in below market estimates of 5.24 percent, as prices of of food fell sharply while cost of manufactured products and fuel went up faster.
Tuesday August 14 2018
French July Inflation Rate Confirmed at Near 6-1/2-Year High  
France's annual inflation rate stood at 2.3 percent in July 2018, unchanged from the preliminary estimate and above June's 2 percent. It was the highest rate since March 2012, driven by higher prices of energy, services and tobacco.
Tuesday August 14 2018
German July Inflation Rate Confirmed at 2%  
Germany’s annual inflation rate was confirmed at 2 percent in July 2018, slightly below the previous month's 2.1 percent. Food inflation eased while prices of services and energy rose at a faster pace.
Tuesday August 14 2018
German Q2 GDP Growth Stronger than Expected  
The German economy grew a seasonally-adjusted 0.5 percent on quarter in the three months to June 2018, following an upwardly revised 0.4 percent expansion in the previous period and beating market consensus of 0.3 percent, a preliminary estimate showed.
Tuesday August 14 2018
French Q2 Jobless Rate Below Forecasts  
The unemployment rate in France fell to 9.1 percent in the second quarter of 2018 from 9.2 percent in the previous period and below market expectations of 9.2 percent.
Monday August 13 2018
India July Inflation Rate Weaker than Expected  
India' annual inflation rate eased to 4.17 percent in July 2018 from a downwardly revised 4.92 percent in the previous month, and below market expectations of 4.51 percent. Still, inflation remained above the central bank's medium-term target of 4 percent for nine consecutive months.
Monday August 13 2018
Italy July Inflation Rate Confirmed at 1.5%  
The annual inflation rate in Italy rose to 1.5 percent in July of 2018 from 1.3 percent in the previous month, unrevised from the preliminary estimate and above market expectations of 1.4 percent. It was the highest inflation rate since April last year, mostly due to higher prices of energy.
Monday August 13 2018
Turkey Cuts Lira RRR by 250Bps  
Turkey's central bank cut lira reserve requirement ratios by 250 basis points for all maturity brackets and lowered reserve requirement ratios for non-core FX liabilities by 400 basis points for up to 3-year maturities, the central bank said in a statement.
Monday August 13 2018
Singapore Q2 GDP Growth Revised Slightly Higher to 3.9%  
The economy of Singapore grew an annual 3.9 percent in the June quarter of 2018, slightly above the advance estimate of a 3.8 percent growth but less than market consensus of a 4.1 percent rise. It followed an upwardly revised 4.5 percent expansion in the March quarter, with manufacturing sector expanding more than initially thought.
Friday August 10 2018
US Budget Deficit Widens in July  
The US budget deficit widened sharply to USD 77.0 billion in July 2018 from USD 42.9 billion in the same month of the previous year, slightly below market expectations of USD 77.8 billion.
Friday August 10 2018
Week Ahead  
Next week the US will be publishing retail trade, industrial production, housing data and the preliminary estimate of Michigan consumer sentiment. Elsewhere, important releases include: UK inflation, wage data, unemployment and retail trade; Germany flash Q2 GDP growth and Eurozone second estimate; China industrial output, retail sales and fixed asset investment; Japan foreign trade; Australia business and consumer morale, and employment figures; and Canada and India inflation rates.
Friday August 10 2018
Russian Economy Grows 1.8% in Q2  
Russia's gross domestic product grew by 1.8 percent year-on-year in the second quarter of 2018, following a 1.3 percent expansion reported in the previous period, a preliminary estimate showed.
Friday August 10 2018
Russia June Trade Surplus Smaller than Expected  
Russia's trade surplus widened by 77.6 percent to USD 15.56 billion in June 2018 from USD 8.76 billion in the same month a year earlier, but still below market expectations of a USD 15.85 billion surplus.
Friday August 10 2018
US Inflation Rate Unchanged at Over 6-Year High  
US annual inflation rate stood at 2.9 percent in July 2018, unchanged from the previous month and slightly below market expectations of 3 percent. Still, inflation remained at its highest level since February 2012.
Friday August 10 2018
Canada Jobless Rate Falls to 5.8% in July  
The unemployment rate in Canada decreased to 5.8 percent in July of 2018 from 6.0 percent in the prior month and below market expectations of 5.9 percent. The jobless rate fell back to its lowest on record, as employment increased by 54,000, after creating 31,800 in June and beating market consensus of 17,000, mainly due to gains in part-time work (+82,000) while full-time fell by 28,000.
Friday August 10 2018
Portugal July inflation Rate Confirmed at 15-Month High  
Annual inflation rate in Portugal rose to 1.6 percent in July of 2018 from 1.5 percent in June, matching the preliminary estimate. It was the highest inflation rate since April 2017.
Friday August 10 2018
Italy Trade Surplus Widens More than Expected in June  
Italy's trade surplus widened to EUR 5.07 billion in June of 2018 from EUR 4.50 billion in the same month a year earlier, well above market expectations of a EUR 3.41 billion surplus. Exports increased 6.6 percent year-on-year and imports 5.9 percent.
Friday August 10 2018
Hong Kong GDP Growth Slows to 3.5% YoY in Q2  
The Hong Kong economy advanced 3.5 percent year-on-year in the second quarter of 2018, easing from a downwardly revised 4.6 percent expansion in the previous period.
Friday August 10 2018
UK Trade Deficit Narrows in June  
The total UK trade deficit narrowed by GBP 1.28 billion to GBP 1.86 billion in June of 2018 from an upwardly revised GBP 3.14 billion in the previous month. Exports increased 2.7 percent to GBP 52.41 billion and imports rose 0.2 percent to GBP 54.27 billion.
Friday August 10 2018
UK GDP Grows 1.2% in Q2  
The gross domestic product in the United Kingdom expanded 1.3 percent year-on-year in the second quarter of 2018, little-changed from a near six-year low of 1.2 percent in the previous period and matching market expectations. Household consumption rose the least since the first quarter of 2012.
Friday August 10 2018
UK Economy Expands 0.4% in Q2  
The British economy grew by 0.4 percent on quarter in the three months to June 2018, following a 0.2 percent expansion in the previous period and matching market expectations, a preliminary estimate showed. Household consumption rose further and fixed investment rebounded firmly, while net trade subtracted from growth.
Friday August 10 2018
Japan Economy Returns to Solid Growth in Q2  
The Japanese economy advanced 0.5 percent on quarter in the three months to June 2018, after a 0.2 percent contraction in the previous period and beating market consensus of a 0.3 percent growth, preliminary estimates showed. It was the highest growth rate since the third quarter of 2017, boosted by a strong rebound in household consumption and a faster rise in business spending.
Thursday August 09 2018
Mexico Inflation Rate Hits 4-Month High of 4.81% in July  
Inflation rate in Mexico rose to 4.81 percent year-on-year in July 2018 from 4.65 percent in June and matching market expectations. It was the second straight increase in inflation and the steepest since March, prompted by higher prices of energy, housing and food.
Thursday August 09 2018
US Jobless Claims Unexpectedly Fall to 213K  
The number of Americans filling for unemployment benefits decreased by 6 thousand to 213 thousand in the week ending August 4 from the previous week's upwardly revised level of 219 thousand. It compares with market consensus of 220 thousand.
Thursday August 09 2018
Tanzania Inflation Rate Falls to Fresh Low in July  
The annual inflation rate in Tanzania fell to 3.3 percent in July of 2018 from 3.4 percent in the previous month. It was the lowest inflation rate since series began in 1999, mainly due to prices of food and non-alcoholic beverages and miscellaneous goods and services.
Thursday August 09 2018
Irish Inflation Rate Rises to 15-Month High in July  
The annual inflation rate in Ireland rose to 0.8 percent in July of 2018 from 0.4 percent in June. It was the highest inflation rate since April last year, as cost of transport increased faster due to higher diesel and petrol prices.
Thursday August 09 2018
Greek Jobless Rate Lowest Since 2011  
The Greek seasonally adjusted unemployment rate fell to 19.5 percent in May of 2018 from a downwardly revised 20.0 percent in the prior month. It was the lowest jobless rate since September of 2011.
Thursday August 09 2018
Philippines Hikes Key Rate by 50 Bps to 4%  
The central bank of Philippines raised its key overnight reverse repurchase rate by 50 bps to 4 percent on August 9th, 2018, in line with market expectations. It follows two consecutive 25bps hikes earlier this year, saying inflation expectations remain elevated for 2018 and upside risks continue to dominate. The corresponding interest rates on the overnight lending and deposit facilities were also raised accordingly.
Thursday August 09 2018
Swiss July Jobless Rate Steady at Near 10-Year Low  
The Swiss unemployment rate came in at a non-seasonally adjusted 2.4 percent in July 2018, unchanged from the previous month. The jobless rate remained at its lowest level since September 2008.
Thursday August 09 2018
Philippines Q2 GDP Growth Weakest in 3 Years  
The Philippines economy grew an annual 6 percent year-on-year in the June quarter of 2018, following a downwardly revised 6.6 percent expansion in the previous quarter and below market consensus of 6.7 percent growth, as both government spending and private consumption rose softer while net external contributed negatively to growth. Meantime, investment continued to increase.
Thursday August 09 2018
Philippines Economy Expands 1.3% QoQ in Q2  
The Philippines GDP advanced 1.3 percent quarter-on-quarter in in the three months to June of 2018, following a 1.5 percent growth in the previous quarter. It was the weakest quarterly expansion since the September quarter 2015, mainly due to a slowdown in the services and industry sectors.
Thursday August 09 2018
China Inflation Rate Rises to 4-Month High in July  
China's consumer price inflation rose to a four-month high of 2.1 percent year-on-year in July of 2018 from 1.9 percent in the previous month and above market consensus of 1.9 percent. Still, inflation remained well below the Chinese government’s target of around 3 percent for 2018.
Wednesday August 08 2018
New Zealand Leaves Interest Rate Unchanged at 1.75%  
The Reserve Bank of New Zealand left its official cash rate unchanged at record low of 1.75 percent on August 8th, saying economic growth has moderated while inflation is likely to increase in the near term due to higher fuel prices and a lower exchange rate. Also, policymakers underscored that rates will remain at this level through 2019 and into 2020. The central bank last moved the key rate in November of 2016.
Wednesday August 08 2018
Brazil July Inflation Rate Rises Further to 16-Month High  
Brazil's annual inflation rate increased to 4.48 percent in July 2018 from 4.39 percent in the previous month, slightly above market expectations of 4.4 percent. It was the highest rate since March 2017 mainly due to higher prices of food and transport. Still, the inflation was lower than the 4.53 percent rate seen in mid-July, as the impact of a May nationwide truckers' strike faded.
Wednesday August 08 2018
Thailand Leaves Monetary Policy Unchanged  
The Bank of Thailand voted by six to one to maintain the policy rate at 1.5 percent on August 8th, saying that the current monetary policy stance continued to support growth while inflation remained within the 1-4 percent target. Still, one member voted to raise the key rate by 0.25 percentage point to 1.75 percent.
Wednesday August 08 2018
China July Trade Surplus Smaller than Expected  
China's trade surplus narrowed sharply to USD 28.05 bilion in July 2018 from USD 44.85 billion in the same month a year earlier and far below market consensus of USD 39.33 bilion. Imports jumped 27.3 percent to a near record high while exports rose at a softer 12.2 percent.
Wednesday August 08 2018
Philippines Trade Gap Widens Sharply in June  
The Philippine's trade deficit widened sharply to USD 3.35 billion in June of 2018 from USD 1.59 billion in the same month a year earlier, as exports edged down while imports surged.
Tuesday August 07 2018
France Posts Largest Trade Gap in 16 Months  
The French trade deficit widened to EUR 6.2 billion in June 2018 from 6.0 billion in May and above market consensus of a EUR 5.1 billion gap. It was the largest trade deficit since February 2017 as imports hit an all-time high.
Tuesday August 07 2018
German Trade Surplus Narrows in June  
The German trade surplus fell slightly to EUR 21.8 billion in June 2018 from EUR 22.1 billion in the same month a year earlier, as imports jumped 10.2 percent to an all-time high while exports rose at a softer 7.8 percent.
Tuesday August 07 2018
Australia Leaves Monetary Policy Unchanged for Two Years  
The Reserve Bank of Australia left the cash rate unchanged at a record low of 1.5 percent for two years running at its August meeting. It is the longest policy pause in the central bank's modern history, amid sluggishness in inflation and wages.
Tuesday August 07 2018
Philippines Inflation Rate at Over 9-Year High of 5.7% in July  
The Philippines' annual inflation rate rose to 5.7 percent in July of 2018 from 5.2 percent in the previous month, above market estimates of 5.5 percent. It is the highest reading since March 2009, as cost increased at a faster pace for housing and transport while food inflation stayed at nearly 4-year high.
Monday August 06 2018
Russia Inflation Rate Hits 7-Month High  
Russia's annual inflation rate rose to 2.5 percent in July 2018 from 2.3 percent in the previous month, slightly below market expectations of 2.6 percent. It was the highest rate since last December mainly due to a rebound in food prices.
Monday August 06 2018
Indonesia Economy Expands 4.21% QoQ in Q2  
Indonesia's gross domestic product grew 4.21 percent quarter-on-quarter in the three months to June of 2018, following a marginally revised 0.41 percent decline in the previous period and beating market consensus of a 4.08 percent expansion. It was the strongest growth rate since the series began in 2005, supported by a rebound in government spending and fixed investment and a faster increase in private consumption.
Monday August 06 2018
Indonesia Q2 GDP Growth Strongest in 4-1/2 Years  
The Indonesian economy advanced 5.27 percent year-on-year in the second quarter of 2018, beating market consensus of 5.16 percent and following a 5.06 percent growth in the previous period. It was the strongest pace of expansion since the last quarter of 2013, driven by faster rises in private consumption and government spending while fixed investment grew firmly.
Friday August 03 2018
Week Ahead  
Next week the US will be publishing inflation rate, producer prices and JOLTs job openings. Elsewhere, important releases include: UK Q2 GDP growth, alongside monthly GDP figures, business investment, industrial production and trade balance; Germany factory orders, industrial output and foreign trade; Japan Q2 GDP growth, household spending, average cash earnings and machinery orders; China trade balance, inflation and producer prices; and interest rate decisions from Australia, New Zealand and the Philippines.
Friday August 03 2018
US Services Growth Lowest in a Year: ISM  
The ISM Non-Manufacturing PMI index for the United States fell to 55.7 in July of 2018 from 59.1 in June, well below market expectations of 58.6. It is the lowest reading since August of 2017. Although most firms remain positive about business conditions and the economy, tariffs and deliveries are an ongoing concern.
Friday August 03 2018
US Trade Deficit Widens Sharply in June  
The US trade deficit widened 7.3 percent to USD 46.3 billion in June 2018 from a revised USD 43.2 billion in the previous month and below market expectations of USD 46.5 billion.
Friday August 03 2018
Canada Posts Smallest Trade Deficit in 17 Months  
Canada's merchandise trade deficit narrowed to CAD 0.63 billion in June of 2018 from a downwardly revised CAD 2.72 billion in May and below market expectations of a CAD 2.3 billion gap. It was the smallest trade deficit since January last year, as exports rose 4.1 percent to an all-time high driven by sales of energy products and aircraft while imports fell 0.2 percent.
Friday August 03 2018
US Economy Adds Less Jobs than Expected  
Non farm payrolls in the United States increased by 157 thousand in July of 2018, following an upwardly revised 248 thousand in June and below market expectations of 190 thousand. Job gains occurred in professional and business services, in manufacturing, and in health care and social assistance.
Friday August 03 2018
US Jobless Rate Decreases to 3.9% in July  
The US unemployment rate fell to 3.9 percent in July 2018 from 4.0 percent in June, matching market expectations. The jobless rate touched an 18-year low of 3.8% in May. The number of unemployed persons declined by 284,000 to 6.3 million and employment was almost unchanged at 156.0 million.
Friday August 03 2018
Swiss Inflation Rate at Over 8-Year High  
The Swiss consumer price inflation rose to 1.2 percent year-on-year in July 2018 from 1.1 percent in the previous month and in line with market expectations. It was the highest inflation rate since April 2010 mainly boosted by higher transport prices.
Friday August 03 2018
Turkey Inflation Rate Highest Since 2004  
The annual inflation rate in Turkey increased to 15.85 percent in July of 2018 from 15.35 percent in June. It was the highest inflation rate since January of 2004, mainly boosted by higher prices of food and non-alcoholic beverages and housing and utilities.
Friday August 03 2018
Malaysia June Trade Surplus Smallest in 13 Months  
Malaysia's trade surplus slumped 38.9 percent to MYR 6.0 billion in June of 2018 from MYR 9.9 billion in the same month of the prior year and far below market estimates of a MYR 10.16 billion surplus. It is the smallest trade surplus since May last year, mainly due to a surge in imports.
Thursday August 02 2018
US Jobless Claims Below Estimates in Latest Week  
The number of Americans filling for unemployment benefits rose by 1 thousand to 218 thousand in the week ending in July 28 from the previous week's unrevised level of 217,000. It compares with market expectations of 220 thousand.
Thursday August 02 2018
BoE Hikes Bank Rate to 0.75%  
The Bank of England voted unanimously to raise the Bank Rate by 25bps at 0.75 percent on August 2nd, saying recent data appeared to confirm that the dip in output in the first quarter was temporary and that the labour market has continued to tighten and wage growth has firmed.
Thursday August 02 2018
Australia June Trade Surplus Largest in 13 Months  
Australia's trade surplus widens sharply 158 percent to AUD 1.87 billion in June of 2018 from a downwardly revised AUD 0.73 billion in the prior month and far above market expectations of a AUD 0.9 billion surplus. It is the largest trade surplus since May last year, as exports rose to an all-time high while imports declined.
Thursday August 02 2018
Brazil Holds Interest Rate at 6.50%  
The Central Bank of Brazil voted unanimously to hold its key Selic rate at 6.50 percent on August 1st as widely expected, keeping borrowing costs at the lowest level in modern history amid below-target inflation and mixed economic data.
Wednesday August 01 2018
Brazil Trade Surplus Falls in July  
The trade surplus in Brazil narrowed to USD 4.23 billion in July of 2018 from USD 6.29 billion a a year earlier, lower than market expectations of a USD 5.71 billion surplus. Imports reached the highest value since November of 2014, mainly due to purchase of a platform for oil extraction from China. Exports were the highest since July of 2014, mainly boosted by sales of soybeans, oil and iron ore to China.
Wednesday August 01 2018
Fed Leaves Rates Steady  
The Federal Reserve kept the target range for the federal funds rate at 1.75 percent to 2 percent during its August 2018 meeting, in line with market expectations. Policymakers said the labor market has continued to strengthen and economic activity has been rising at a strong rate, suggesting a rate hike at its next meeting in September is likely.
Wednesday August 01 2018
US Factory Growth at 3-Month Low: ISM  
The Institute for Supply Management’s Manufacturing PMI in the US fell to 58.1 in July of 2018 from 60.2 in the previous month, below market expectations of 59.5. The reading pointed to the weakest expansion in the manufacturing sector in three months amid a slowdown in new orders, export orders and production. Demand remains robust but manufacturers keep showing concerns about how tariff-related activity, including reciprocal tariffs, will continue to affect their business.
Wednesday August 01 2018
US Manufacturing PMI Revised Down: Markit  
The IHS Markit US Manufacturing PMI edged down to 55.3 in July of 2018 from a preliminary of 55.5 and 55.4 in June. The reading pointed to the slowest expansion in factory activity in five months amid weaker rises in output and employment and higher inflationary pressures while export sales fell for the second month in a row.
Wednesday August 01 2018
New Zealand Jobless Rate Edges Up in Q2  
New Zealand's unemployment rate went up to 4.5 percent in the second quarter of 2018 from 4.4 percent in the previous period, surpassing market expectations of 4.4 percent. The slight rise in the jobless rate follows five consecutive falls. Still, it remains close to the nine-year low of 4.4 percent seen in the previous quarter.
Wednesday August 01 2018
India Raises Key Rate to 6.5%  
The Reserve Bank of India increased its benchmark policy repo rate by 25bps to 6.5 percent on August 1st 2018, in line with market expectations and following a similar hike in the previous meeting. Policymakers mentioned uncertainty around inflation and slightly increased forecasts for H2 2018-19 to 4.8 percent from 4.7 percent. Although the central bank considers growth momentum is sustained, it noticed several global risks that could weigh on the outlook, including rising trade protectionism, geopolitical tensions and higher oil prices.
Wednesday August 01 2018
Kenya Inflation Rate Rises to 4.35% YoY in July  
The annual inflation rate in Kenya rose to 4.35 percent in July of 2018 from a 4.28 percent June, reaching its highest level since February. Prices increased faster mostly due to housing and utilities and transport. On a monthly basis, consumer prices fell 0.89 percent in July, unchanged from the previous month.
Wednesday August 01 2018
South Korea July Inflation Rate Steady at 1.5% for 3rd Month  
South Korea's consumer price inflation stood at 1.5 percent year-on-year in July of 2018, the same as in the previous two months and below market expectations of 1.7 percent. Food inflation slowed to a four-month low while cost rose at a faster pace for housing & utilities and transport.
Wednesday August 01 2018
South Korea Trade Surplus Narrows 31.4% YoY in July  
South Korea’s trade surplus decreased to USD 7.0 billion in July of 2018 from USD 10.2 billion in the same month of the preceding year, as exports rose less than imports, preliminary data showed.
Tuesday July 31 2018
Mexican GDP Contracts 0.1% QoQ in Q2  
The Mexican economy shrank 0.1 percent on quarter in the three months to June of 2018, reversing from a 1.1 percent growth in the previous period. It is the first contraction since the last quarter of 2015 as both the primary sector and industry declined, preliminary estimates showed.
Tuesday July 31 2018
Mexico GDP Growth Strongest in Over a Year  
The Mexican economy grew 2.7 percent year-on-year in the second quarter of 2018, following a 1.3 percent expansion in the previous quarter, the preliminary figure showed. It was the strongest growth of gross domestic product since the first quarter of 2017, mainly due to industry and services.
Tuesday July 31 2018
US Personal Spending Rises 0.4% in June  
Personal spending in the United States rose 0.4 percent month-over-month in June 2018, following an upwardly revised 0.5 percent gain in May and matching market expectations. It was the smallest increase in personal spending in four months.
Tuesday July 31 2018
South Africa Trade Surplus Largest in 6 Months  
South Africa trade surplus widened to ZAR 12.0 billion in June of 2018 from an upwardly revised ZAR 3.84 billion in the previous month and well above market expectations of a ZAR 5.0 billion surplus. It was the largest trade surplus since December last year, as exports rose and imports fell. Considering the first half of the year, the country recorded a trade deficit of ZAR 1.79 billion.
Tuesday July 31 2018
Brazil Jobless Rate Lower than Expected at 12.4%  
The unemployment rate in Brazil fell to 12.4 percent in the three months to June of 2018 from 13.1 percent in the first quarter of the year. It is the third straight decline in the jobless rate, beating market expectations of 12.6 percent.
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