Latest news with #GlobalPurchasingManagers'Index
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Business Standard
06-08-2025
- Business
- Business Standard
RBI MPC Meeting LIVE news updates: MPC keeps repo rate unchanged at 5.5%
RBI MPC Meet LIVE updates: The Reserve Bank of India 's (RBI) Monetary Policy Committee (MPC) is expected to maintain the status quo on interest rates during its upcoming review on August 6. However, sentiment around the decision has turned more cautious following US President Donald Trump's imposition of a 25 per cent tariff on Indian exports. Rate cut unlikely, but not off the table After the MPC surprised markets in June with a 50 basis point repo rate cut to 5.5 per cent and a shift from an "accommodative" to a "neutral" stance, expectations of another immediate cut have faded. A Business Standard poll showed that 6 out of 10 economists anticipate no change in the August meeting, while the remaining four believe a 25 basis point cut is possible. Growth resilient, but global uncertainty remains India's retail inflation fell to a six-year low of 2.1 per cent in June, driven by a drop in food prices and strong monsoon progress. At the same time, the manufacturing sector reported its fastest growth in over a year, with the HSBC–S&P Global Purchasing Managers' Index (PMI) jumping to 59.1 in July. Despite these positives, the external environment remains unpredictable. The US tariffs and global monetary policy trends continue to cast a shadow over domestic decision-making. When and where to watch? RBI Governor Sanjay Malhotra will announce the outcome of the MPC's August meeting at 10 am today. The announcement will be streamed live on the RBI's official website, YouTube channel, and X account. A press conference is scheduled to follow at 12 noon.
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Business Standard
06-08-2025
- Business
- Business Standard
RBI MPC Meeting Live Updates: Repo rate likely to remain unchanged, scope for easing remains
RBI MPC Meeting August 2025 Live Updates: Governor Sanjay Malhotra will address the media on the MPC's decisions after today's meeting. Stay tuned here for live updates RBI MPC Meet Live Updates: The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) is expected to maintain the status quo on interest rates during its upcoming review on August 6. However, sentiment around the decision has turned more cautious following US President Donald Trump's imposition of a 25 per cent tariff on Indian exports. Rate cut unlikely, but not off the table After the MPC surprised markets in June with a 50 basis point repo rate cut to 5.5 per cent and a shift from an "accommodative" to a "neutral" stance, expectations of another immediate cut have faded. A Business Standard poll showed that 6 out of 10 economists anticipate no change in the August meeting, while the remaining four believe a 25 basis point cut is possible. India's retail inflation fell to a six-year low of 2.1 per cent in June, driven by a drop in food prices and strong monsoon progress. At the same time, the manufacturing sector reported its fastest growth in over a year, with the HSBC–S&P Global Purchasing Managers' Index (PMI) jumping to 59.1 in July. Despite these positives, the external environment remains unpredictable. The US tariffs and global monetary policy trends continue to cast a shadow over domestic decision-making. When and where to watch? RBI Governor Sanjay Malhotra will announce the outcome of the MPC's August meeting at 10 am today. The announcement will be streamed live on the RBI's official website, YouTube channel, and X account. A press conference is scheduled to follow at 12 noon.
Al-Ahram Weekly
05-08-2025
- Business
- Al-Ahram Weekly
Egypt non-oil private sector shows signs of stabilization in July: S&P Global - Economy
Egypt's non-oil private sector showed early signs of stabilization in July, with the latest S&P Global Purchasing Managers' Index (PMI) indicating a softer contraction in business conditions and a rise in employment for the first time in nine months, S&P announced Tuesday. Egypt's seasonally adjusted headline PMI rose to 49.5 in July, up from 48.8 in June, according to an S&P Global report. While the index remained below the neutral 50 threshold, signalling a fifth consecutive month of decline, the latest reading marks the joint highest level since February. This reflects a marginal deterioration in business conditions and suggests momentum may be shifting toward recovery. Employment growth Egyptian non-oil businesses have notably increased their workforce for the first time since October 2024, a move that analysts say points to rising confidence among firms about future workloads. The rise in employment also coincided with a slight increase in backlogged work, marking the first uptick in outstanding business since March. 'Although the Egypt PMI stayed below 50 in July, the latest survey data provided some cause for optimism,' said David Owen, senior economist at S&P Global Market Intelligence. 'Several firms reported securing new work, which helped soften the rate of decline in sales. Businesses also had the confidence to hire new staff, leading to an increase in employment for the first time in nine months,' he added. While both activity and new orders declined in July, the rates of contraction eased compared to June. The downturn in new businesses was linked to subdued demand and price sensitivity among clients. However, some firms cited emerging signs of improvement in services and pockets of demand recovery. Output levels dipped modestly at the start of the third quarter, with anecdotal evidence pointing to weak client spending as a primary factor. Nevertheless, the wholesale and retail sectors remained the largest drag, offsetting gains seen elsewhere. Mild price pressures continue The report showed that input price inflation had accelerated slightly due to the higher costs for cement, fuel, packaging, and wages. Nonetheless, overall cost pressures remained well below long-term averages, indicating a relatively stable pricing environment. Selling prices rose for the third month running, but only modestly, suggesting businesses are cautious about passing higher costs to consumers, a positive sign for inflation containment. Future outlook still cautious Despite the improving indicators, the report noted that the future output expectations remained historically subdued. Many firms expressed concerns about the strength of demand and broader economic uncertainty, although optimism ticked up slightly from June's record low. Purchasing activity also contracted again in July, albeit at a slower pace, and inventory levels remained largely unchanged. Supply chains continued to perform steadily, with no significant disruptions reported. Follow us on: Facebook Instagram Whatsapp Short link:
Time of India
06-07-2025
- Business
- Time of India
Egypt's non-oil business conditions deteriorate further in June, PMI shows
Egypt's non-oil private sector experienced a further decline in business conditions in June, with contractions in output and new orders accelerating, according to the latest S&P Global Purchasing Managers' Index (PMI) data released on Sunday. The headline PMI fell to 48.8 in June from 49.5 in May, marking the fourth consecutive month below the 50.0 threshold that separates growth from contraction. This decline was driven by weaker demand and a sharp reduction in purchasing activity, which saw its steepest drop in 11 months. "June PMI data pointed to another mild decline in the health of the non-oil sector, driven by sustained decreases in incoming new orders and output volumes," said David Owen, economist at S&P Global Market Intelligence. "Overall expectations for future activity were the lowest ever recorded in June, reflecting subdued hopes for order books, as well as concerns that geopolitical risks could cause greater economic disruption." Employment in the non-oil sector also decreased for the fifth month running, though the rate of job shedding was fractional. Firms expressed limited optimism towards future output, with confidence slipping to a record low.
Business Recorder
06-07-2025
- Business
- Business Recorder
Egypt's non-oil business conditions deteriorate further in June, PMI shows
Egypt's non-oil private sector experienced a further decline in business conditions in June, with contractions in output and new orders accelerating, according to the latest S&P Global Purchasing Managers' Index (PMI) data released on Sunday. The headline PMI fell to 48.8 in June from 49.5 in May, marking the fourth consecutive month below the 50.0 threshold that separates growth from contraction. This decline was driven by weaker demand and a sharp reduction in purchasing activity, which saw its steepest drop in 11 months. 'June PMI data pointed to another mild decline in the health of the non-oil sector, driven by sustained decreases in incoming new orders and output volumes,' said David Owen, economist at S&P Global Market Intelligence. Saudi non-oil business activity lifted by faster new order growth in October, PMI shows 'Overall expectations for future activity were the lowest ever recorded in June, reflecting subdued hopes for order books, as well as concerns that geopolitical risks could cause greater economic disruption.' Employment in the non-oil sector also decreased for the fifth month running, though the rate of job shedding was fractional. Firms expressed limited optimism towards future output, with confidence slipping to a record low. On a positive note, input cost pressures softened, leading to a slower rise in output prices and offering some relief to businesses facing inflationary pressures.
