Disqus for www.money99.in

Wednesday 1 July 2015

The core sector output in May rose 4.4% update for 01 July 2015

The core sector output in May rose 4.4% - a six-month high - as seven of the eight industries that constitute the sector registered positive growth. Growth in these industries' output had hit an 18-month trough of -0.4% in April, a month when industrial output growth beat expectations to touch a two-month high of 4.1%. The latest data on production by the infrastructure industries indicate a slight recovery in industrial activity and pick-up in demand, giving some credence to the government's claim that the economy has turned the corner. Pertinently, the core-sector output had grown 5.7% in April last year and 3.8% in the following month. June 2014 saw the production by these industries that have a combined weight of 38% in the index of industrial production grow by 7.3%, meaning that only a strong recovery would produce good numbers for June, 2015. The growth in consumer durables output in April after 10 straight months of contractions signals a recovery in rural consumption. According to government data released on Tuesday, barring natural gas production (which shrank 3.1% year-on-year), coal (7.8%), crude oil (0.8%), refinery products (7.9%), fertilisers (1.3%), steel and cement (2.6% each) and electricity (5.5%) recorded moderate to robust growth in May. The previous high was 6.7% in November last year and the low was a negative growth of 0.6% in October 2013. For the full 2014-15 fiscal, core sector output slowed to 3.6% from 4.2% in the previous financial year. Retail inflation in May increased to 5% year-on-year (from 4.9% in April) due to a rise in core inflation and harder crude. However, HSBC Global Research had said that growth picking up on firmer consumer demand and government capex spending, along with rising inflation risks, is a clear recipe for keeping the central bank on hold. A durable reduction in inflation through reforms can open up space for further rate cuts, HSBC said, adding that until then, the RBI has no option but to sit tight. 


Parag Patil is a technical analyst and trading system designer with stock excel programmer. I hope the articles and live chart of nse future and mcx on this Website will be as helpful and profitable to you . I try to update and post new articles tips everyday. My motto is to encourage the traders, so that they should able to understand the technique views behind the moment of stocks. I have deeply analyzed with many technical indicator with parameter and added to my amibroker afl. And even taken backtest report which is never being implemented. Any of the analyst expect me. Seeing all this you may understand that my views is more technical than commercial. If you are profited by my views I fill happy.

0 comentários:

Dear Friends,
Sorry to say that you are suffered for the chart initially available, now they are restored and you can very well see the chart on money99.org similar to money99.in.
And all of you are intimated that we are going to develop more and more in money99.org to facilitate your dreamy demands.

Disqus for www.money99.in

Recent Posts

© Copyright 2015 Money99. Designed by Parag Patil