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Industrial output in South Korea climbed a seasonally adjusted 1.3 percent on month in March. On a yearly basis, industrial production climbed 3.7 percent – missing forecasts for an increase of 4.0 percent following the downward revised 6.3 percent increase in the previous month (originally 6.4 percent). The index of all-industry production was up 1.5 percent on month and 3.1 percent on year. The Manufacturing […]

U.S. economic activity unexpectedly contracted in the first quarter of 2022. The real gross domestic product declined by 1.4 percent in the first quarter after spiking by 6.9 percent in the fourth quarter of 2021. The unexpected drop in GDP reflected decreases in private inventory investment, exports, and government spending along with an increase in imports, which are a subtraction in the calculation of GDP. […]

Anshul is an alumnus of the Indian Institute of Management- Lucknow (IIM- Lucknow).

First-time claims for U.S. unemployment benefits edged slightly lower in the week ended April 23rd. Initial jobless claims dipped to 180,000, a decrease of 5,000 from the previous weeks revised level of 185,000. Economists had expected jobless claims to slip to 180,000 from the 184,000 originally reported for the previous week. A reading on the number of people receiving ongoing unemployment assistance, edged down by […]

The move will give a boost to EV adoption in the state.

Germanys inflation unexpectedly accelerated further in April to set a new high in over four decades, driven by runaway energy prices and increased production costs due to supply bottlenecks in the backdrop of the Russias invasion of Ukraine. The flash consumer price index rose 7.4 percent year-on-year following a 7.3 percent increase in the previous month. Compared to the previous month, the CPI rose 0.8 […]

Record date for IDCW is 04 May 2022

The value of retail sales in South Korea was down a seasonally adjusted 0.5 percent on month in March. That missed expectations for a decline of 0.2 percent following the downwardly revised flat reading in February (originally 0.1 percent). On a yearly basis, retail sales climbed 2.3 percent – topping forecasts for an increase of 2.0 percent following the 1.6 percent gain in the previous […]

Gold is trying to find some balance after recent spate of losses but a firm US dollar index is capping gains. The yellow metal is currently trading up 0.54% at $1901 per ounce. Demand remains well supported in broad terms. According to latest Gold Demand Trends from the World Gold Council (WGC), World Gold demand (excluding OTC) was 34% higher year-on-year in Q1 2022, driven […]

All time high consolidated revenue of Rs131,192 crore, up 51% yoy.