Global Demand
Consumer confidence stays on the recovery path, says RBI survey
Manufacturers remain confident about demand conditions
Demand uptick, easing inflation to provide advantage to exports in 2024
Easing inflation in developed countries, softening interest rates, a gradual pick up in global demand and other factors will provide a silver lining for the country's exports and the overall outbound shipments are expected to be more than USD 900 billion in 2024. International trade experts have expressed hope that the services sector would perform better than merchandise and the country's overall outbound shipments may touch over USD 900 billion in 2024 against an estimated USD 764 billion in 2023. A stable rupee against the US dollar, focus on new markets like Latin America and Africa, new items like mobiles and fresh fruits, focus on promoting e-commerce exports, free trade agreements with the UAE and Australia would also help the country register healthy growth in outbound shipments next year. Despite various challenges, including geopolitical tensions and China's subdued post-pandemic recovery, impacting exports this year, India's goods and services exporters have managed to ta
China's exports dip 12.4% in June as global demand weakened amid rate hikes
China's exports tumbled 12.4 per cent in June from a year earlier as demand weakened after central banks raised interest rates to curb inflation. Customs data released Thursday showed imports slid 6.8 per cent. Trade weakness adds to downward pressure on the world's second-largest economy. Global consumer demand has weakened after the Federal Reserve and central banks in Europe and Asia raised interest rates to bring inflation down from near multi-decade highs by reining in business and consumer activity. In January-June, China's total trade including imports and exports fell nearly 5 per cent from a year earlier. Exports slipped 3.2 per cent and imports declined 6.7 per cent as prices of commodities like oil fell and demand inside China also faltered. Trade also has been dampened by tensions with Washington and restrictions on access to US processor chips and other technology in a feud with Beijing over security and Chinese industrial policy. Chinese factories assemble most of the
Domino's Pizza beats quarterly sales estimate on price hikes, steady demand
Shares of the company rose about 5% in premarket trade
China's trade contracts again in Jan, Feb as Western demand weakens
China's trade contracted again in January and February as US and European demand weakened in the face of interest rate hikes, adding to pressure on official efforts to revive economic growth following the end of anti-virus controls. Exports sank 6.8 per cent from a year earlier to USD 506.3 billion, an improvement over December's 10.1 per cent decline, customs data showed Tuesday. Imports fell 10.2 per cent to USD 389.4 billion, deepening December's 7.3 per cent contraction. China's global trade surplus for the two months edged up 0.8 per cent over a year earlier to USD 116.9 billion. Forecasters expected trade to weaken as the likelihood of a recession in Western economies increased following rate hikes by the Federal Reserve and European Central Bank to cool economic activity and record-setting inflation. We don't expect exports to rebound, Iris Pang of ING said in a report. That adds to complications for President Xi Jinping's government, which is trying to revive economic grow
Indian exports will be impacted by weak global demand in 2023: GTRI
The Indian economy and exports will be moderately impacted in 2023 by weak global demand and recession in large economies and to improve its current account, the country should aim at reducing energy import bill, economic think tank GTRI said on Tuesday. The Global Trade Research Initiative (GTRI) said that in 2022, India will pay USD 270 billion in imports of crude oil and coal, which is about 40 per cent of total merchandise import bill. India must re-energize exploration of local oil fields and enhance production through coal mines. Any development will cut the energy import bill substantially and improve the current account, it added. It also said the US effort to create alternate supply chains excluding China is gradually leading to restructuring of global supply chains and relocation of few large manufacturing firms shows that India is in a good position to benefit from this trend. India should do so without compromising its strategic autonomy, it said adding that in various
Exports rise marginally to $32 bn in Nov; trade deficit lowest in 7 months
Imports at 10-month low of $55.88 billion, trade deficit lowest in 7 months
Oil prices fall more than 1.5% on demand fears and strong dollar
Brent crude for November delivery fell $1.49, or 1.6%, to $89.86 a barrel by 1002 GMT. U.S. West Texas Intermediate (WTI) for October dropped $1.57, or 1.8%, to $83.54.
Oil prices fall as weak factory data fuels global demand concerns
Oil prices dropped again on Tuesday as investors absorbed a bleak outlook for fuel demand with data pointing to a global manufacturing downturn
Food, the switch and the wardrobe
Opening up in the US may switch spending to services and wardrobe restocking, and de-stock overflowing pantries
Faster global growth will boost Asia Pacific's economic recovery: S&P
Asia Pacific's economic recovery from Covid-19 will be boosted by US stimulus and stronger global demand, S & P Global Ratings said on Thursday.Vaccine rollout in the region may lag other parts of the world but there will be enough progress to lift consumer spending and domestic demand later in 2021, it said in a report titled 'Economic Outlook Asia Pacific Q2 2021: Three-Speed Recovery Will Benefit From Faster Global Growth."S & P Global Ratings revised upward its growth forecast for Asia Pacific to 7.3 per cent for 2021 from 6.8 per cent previously.A faster-than-expected global vaccine rollout, a large dose of US stimulus and upside surprises in trade and manufacturing pushed its forecasts higher and offset recent weakness in household spending."We also expect gradual vaccine coverage in the region to encourage a virtuous cycle of higher spending on services, more jobs and rising incomes to power the next leg of recovery," said Shaun Roache, Asia Pacific chief economist at S
Oil and gas price volatility likely to continue in 2021, say experts
Experts say refiners in Asia may continue to see stressed crack spread
China's economic recovery continues with exports and commodities booming
The export boom has been one of the strong drivers for China's rebound, with goods shipments hitting a record $268 billion in November.
China's exports up 3.5% in April despite coronavirus hitting demand
Economists had forecast that exports would shrink by 11% while imports would contract by 10%.
Take medium-term bet on commodities
As manufacturing in China recovers, so will the demand for raw materials
Virus forces world to rethink strategy
Developing more sources of supplies to guard against disruptions may emerge as the next big trend. But with what's happening in Delhi, India stands to lose out on a chance
Stronger global demand may boost Asia structural reforms impact: Moody's
The world's biggest economies are recovering at the same time, giving a boost to trade
