nirmalbang.comhttps://www.nirmalbang.comnirmalbang.com | © CopyRight Accord Fintech PVT Ltd. 2009en-UsMon, 14 Aug 2023 07:21:50 GMT60Just In: June IIP at 3.7% against 5.2% in May https://www.nirmalbang.com/news/economy.aspx/India’s index of industrial production (IIP) for the month of June 2023 came at 3.7 per cent as compared to 5.2 per cent in May 2023. Power generation grew by 4.2 per cent in June against a 0.9 per cent in May. Mining output rose 7.6 per cent in June as compared to 6.4 per cent in the previous month. However, the manufacturing sector's output fell 3.1 per cent year-on-year in June from 5.7 percent in May. 


]]>Fri, 11 Aug 2023 17:44:00 GMTConsumer confidence remains marginally down: RBI survey https://www.nirmalbang.com/news/economy.aspx/The Reserve Bank of India (RBI) in its ‘July 2023 round of its bi-monthly consumer confidence survey (CCS)’ has stated that after persistent recovery for almost two years, consumer confidence for current period, as reflected in the current situation index (CSI), stood a shade lower than that witnessed in the previous survey round; improvement in respondents’ sentiment on income and spending was offset by somewhat higher pessimism on general economic and employment situation. 

The latest round of the survey was conducted during July 1-10, 2023, covering 6,047 respondents. Female respondents accounted for 50.2 per cent of this sample. The survey further noted that going forward, households expect improvement in general economic, employment and income conditions; they turned less pessimistic on one year ahead price situation vis-a-vis May 2023 round of the survey. 

The future expectation index (FEI) remained in optimistic terrain and recorded a marginal rise in the latest survey round. As per the report, sentiments on current income improved further and moved to optimistic zone for the first time in four years; future earnings expectations remain buoyant.


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