NEW DELHI: India’s economic activity showed signs of beginning to cool off in April as several states resorted to lockdowns to control a deadly second wave of the coronavirus.
Although the three-month weighted average scores of eight indicators tracked by Bloomberg News showed the pace of activity was unchanged from March, the single month reading pointed to weakness setting in.
Even more recent data from this month confirmed the softening trend in activity. A basket of high-frequency, alternative and market indicators such as retail activity and road congestion pointed to weakness in the week to May 16, Abhishek Gupta, India economist at Bloomberg Economics, said in a report.
3,438,678.0
Service providers and manufacturers on both sides of the Atlantic are exhibiting robust rates of growth as the US and European economies escape the clutches of the pandemic.
While the labor market in the UK stirs to life, elevated coronavirus infections are damaging India’s. Japanese exporters, meanwhile, are benefiting from robust demand in other parts of the globe where recoveries are gaining strength.
Here are some of the charts that appeared on Bloomberg this week on the latest developments in the global economy:
US
A measure of output at manufacturers and service providers advanced to a fresh record in May, underscoring solid demand that’s contributing to added inflationary pressures.
Charting the Global Economy: U.S., Europe Breaking Free of Virus
May 21 2021, 10:45 PM
May 21 2021, 10:30 PM
May 21 2021, 10:45 PM
(Bloomberg) Service providers and manufacturers on both sides of the Atlantic are exhibiting robust rates of growth as the U.S. and European economies escape the clutches of the pandemic.
(Bloomberg) Service providers and manufacturers on both sides of the Atlantic are exhibiting robust rates of growth as the U.S. and European economies escape the clutches of the pandemic.
While the labor market in the U.K. stirs to life, elevated coronavirus infections are damaging Indiaâs. Japanese exporters, meanwhile, are benefiting from robust demand in other parts of the globe where recoveries are gaining strength.
It is getting from bad to worse for women workers thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
NEW DELHI (BLOOMBERG) - After dipping into his savings to weather India s snap pandemic lockdown last March, Mr Manoj Kumar was just getting his head above water again, earning 600 rupees (S$10) a day as a construction worker in the tourist hot spot of Goa.
He d squirrelled away enough for a trip last month to his native village in Bihar some 2,400km away for a wedding. He s still there, stuck in one of the nation s least-developed states, as a fierce second Covid-19 wave triggers the world s worst health crisis and prevents his return.
On a lucky day, he ll land some odd jobs that fetch him as much as 300 rupees. But there aren t too many of those chores left. So he s taking loans to feed and clothe his wife and three kids.