Sluggish Demand News Today

Around 17 million EVs will be sold in 2023, up from 14 million in 2014, IEA says, and one in five new cars will be electric

Chinas industrial profits fell 2.3% in 2023, marking the second consecutive yearly decline. The decline was attributed to sluggish demand at home and abroad, adding pressure on economic growth amid a deep property slump and deflationary risks. However, there were signs of improvement with industrial profits rising 16.8% in December. Chinas economy expanded by 5.2% in 2023, but its recovery has been shaky due to a protracted housing downturn and slowing global growth.

2024 Polls And Rural Demand: Indias FMCG companies are facing challenges in rural markets due to sluggish demand caused by deficient rainfall. Stiff competition from local firms exacerbates the situation. However, there is hope for a recovery in rural demand in FY25 with increased government spending in the election year and the harvest of rabi crops.

Indias FMCG companies are facing challenges in rural markets due to sluggish demand caused by deficient rainfall. Stiff competition from local firms exacerbates the situation. However, there is hope for a recovery in rural demand in FY25 with increased government spending in the election year and the harvest of rabi crops.

Indias export of cut and polished diamonds is expected to decline by 22% to USD 17.2 billion in the current fiscal year, according to rating agency Icra. The decline is attributed to weakened demand from key consuming nations such as the US and Europe, as well as limited demand from China. Additionally, competition from lab-grown diamonds and elevated prices of rough diamonds have further impacted exports.

Diamond Export: Indias export of cut and polished diamonds is expected to decline by 22% to USD 17.2 billion in the current fiscal year, according to rating agency Icra. The decline is attributed to weakened demand from key consuming nations such as the US and Europe, as well as limited demand from China. Additionally, competition from lab-grown diamonds and elevated prices of rough diamonds have further impacted exports.

China's services activity expanded at the slowest pace in eight months in August, a private-sector survey showed on Tuesday, as weak demand continued to dog the world's second-largest economy and stimulus failed to meaningfully revive consumption. The Caixin/S&P Global services purchasing managers' index (PMI) dropped to 51.8 in August from 54.1 in July, the lowest reading since December when COVID-19 confined many consumers to their homes. The data broadly aligned with the...

(Reuters) -HP Inc tempered expectations for annual profit on Tuesday, as it grapples with a more than a year-long slump in the personal computers segment and sluggish demand in key market China. Inflation and an uncertain global economy triggered a decline in demand for consumer electronics including PCs last year, and led to increased inventory across the supply chain. "While we expect another quarter of sequential growth in the fourth quarter, the external environment has not improved as ...

Bata: The companys consolidated profit fell 10.5% to 1.07 billion Indian rupees ($12.92 million) in the April-June quarter, while revenue from operations increased just 1.6% to 9.58 billion rupees.

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