Manufacturing pays the price for soaring costs
The PMI data shows that Indian manufacturers continue to see an increase in overall cost pressures
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The PMI data shows that Indian manufacturers continue to see an increase in overall cost pressures
The buoyancy in manufacturing points to a healthy pipeline of orders and optimism within the sector
India’s GDP data for the July-September quarter is due this week. The Parliament’s Winter Session is set to begin on Monday, with a bill on cryptocurrencies set to be discussed.
The weekly RBI data on foreign exchange reserves will be of interest amidst rising crude oil prices. Elsewhere, the US is set to update its GDP data for the September-ended quarter, and the PMI data is due from the EU and the UK.
The purchasing managers’ indices (PMI) for India will be released this week. The central banks of the US and the UK will announce their monetary policy decisions. Q2 earnings are due from Tata Motors and Dabur India