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Search resuls for: "Anant Chandak"


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☆ India inflation likely hit five month high in Sept on food prices: Reuters poll
  + stars: | 2022-10-11 | by ( Arsh Tushar Mogre | ) www.reuters.com   time to read: +2 min
The Oct. 3-7 Reuters poll of 47 economists suggested inflation - as measured by the Consumer Price Index (INCPIY=ECI) - rose to an annual 7.30% in September from 7.00% the previous month. Some 91% of economists, 43 of 47, expected inflation to be 7.00% or higher, suggesting the bias was for prices to go up further. "There is a strong pressure from food that is playing out," said Dharmakirti Joshi, chief economist at Crisil. The Indian government has introduced measures to calm local prices, including some export restrictions on rice to temper inflation. But consumer prices have remained defiant and stayed above the RBI's upper tolerance limit this year.
☆ S.Korea Sept exports set for slowest growth in two years - Reuters poll
  + stars: | 2022-09-29 | by ( Jihoon Lee | ) www.reuters.com   time to read: +3 min
Summary S.Korea Sept exports to grow 2.9% y/y, slowest in 23 monthsImports to grow 16.4% y/y, trade balance in red for sixth monthCPI seen flat at +5.7% y/y, expectations dividedSEOUL, Sept 29 (Reuters) - South Korea's exports likely grew at the slowest pace in nearly two years in September, hurt by a weakening global economy led by China, a Reuters survey showed on Thursday. That would extend year-on-year gains in shipments to a 23rd consecutive month but mark the slowest pace in the streak, following three months of single-digit growth rates. The slackening momentum for South Korea's exports comes amid weakening global demand as many countries raise borrowing costs aggressively to fight a surge in inflation. During the first 20 days of this month, exports shrank 8.7% year-on-year, also affected by the calendar effect of fewer working days. "The outlook for South Korea's goods exports will be challenging in the months ahead as global growth weakens."
☆ China's Sept factory activity set for third straight monthly contraction - Reuters poll
  + stars: | 2022-09-29 | by ( ) www.reuters.com   time to read: +3 min
read moreOn Tuesday, data showed profits at China's industrial firms shrank at a faster pace in January-August. "Container throughput data for the first 10 days of September declined 15% year-on-year partially on port disruptions due to typhoons, which might drag on manufacturing activity growth," they said. Goldman Sachs revised down its 2023 China GDP growth forecast to 4.5% from a previous projection of 5.3%, and predicted that Beijing is unlikely to begin reopening before the second quarter next year. The official manufacturing PMI, which largely focuses on big and state-owned firms, and its survey for the services sector, will be released on Friday. The private sector Caixin manufacturing PMI, which centres more on small firms and coastal regions, will also be published on Friday.
☆ Thai Aug exports rise 7.5% y/y, slightly lower than forecast
  + stars: | 2022-09-26 | by ( Anant Chandak | ) www.reuters.com   time to read: 1 min
Register now for FREE unlimited access to Reuters.com RegisterA view of the port of Bangkok, Thailand May 26, 2016. REUTERS/Jorge Silva/File Photo GLOBAL BUSINESS WEEK AHEAD PACKAGE - SEARCH BUSINESS WEEK AHEAD SEPTEMBER 26 FOR ALL IMAGES/File PhotoBANGKOK, Sept 26 (Reuters) - Thailand's customs-based exports rose 7.5% in August from a year earlier, the commerce minister said on Monday, slightly lower than analysts' expectations. That compares with a forecast rise of 7.7% for August in a Reuters poll, and after July's 4.3% increase. In the January-August period, exports rose 11% year on year, Jurin Laksanawisit told a news conference. Register now for FREE unlimited access to Reuters.com RegisterReporting by Orathai Sriring, Kitiphong Thaichareon, Satawasin Staporncharnchai Editing by Kanupriya KapoorOur Standards: The Thomson Reuters Trust Principles.
☆ RBI to raise rates again, slim majority of economists expect 50 bps hike: Reuters poll
  + stars: | 2022-09-23 | by ( Arsh Tushar Mogre | ) www.reuters.com   time to read: +4 min
A Reserve Bank of India (RBI) logo is seen at the gate of its office in New Delhi, India, November 9, 2018. The RBI has lagged many of its global peers, despite inflation sticking above the top end of its target range of 2-6% all year. Register now for FREE unlimited access to Reuters.com RegisterIn the latest Reuters poll, economists were split five ways on what the RBI will do at its next meeting. Slightly over half, 26 of 51, said the RBI would go for a 50 basis point hike, taking the repo rate to 5.90%. Economists expected growth to average 6.2% and 6.5% over the next two years, the poll showed.
☆ Taiwan August export orders likely contract as demand eases: Reuters poll
  + stars: | 2022-09-19 | by ( ) www.reuters.com   time to read: +1 min
The median forecast from a poll of 13 economists was for export orders to fall 2% from a year earlier. The island's export orders, a bellwether of global technology demand, unexpectedly fell in July. Orders shrank 1.9% to $54.26 billion from a year-ago period, taking a larger-than-expected hit from weakening demand for technology and continued economic troubles in its largest market China. Register now for FREE unlimited access to Reuters.com RegisterThe government has predicted last month's orders to be between 0.9% and 3.7% lower than those of August 2021. Taiwan's export orders are a leading indicator of demand for hi-tech gadgets and Asian exports, and typically lead actual exports by two to three months.
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