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10 Economic Data To Look Out For Every Month - Marketfeed - News
10 Economic Data To Look Out For Every Month - Marketfeed - News
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The Wholesale Price Index (WPI) measures the changes in the price of goods
sold and traded in bulk by wholesale businesses to other businesses. In
simple terms, WPI is a measure of the wholesale price movements in the
country. It includes only the prices of goods and does not include any items
related to services.
Analysis: If the index keeps rising every month, it means that prices of goods
are getting inflated at the wholesale level. This may lead to an increase in
input costs for manufacturing companies, thus cutting short profit margins.
WPI tracks the prices of goods until the factory gate. However, The
Consumer Price Index (CPI) measures the changes in the retail price level
of general goods and services. These are goods that our Indian households
buy for their daily consumption needs. CPI is also helpful in understanding
the real value of wages, salaries, and pensions, and the purchasing power of a
country’s currency
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Analysis: Typically, CPI shows the inflation in the economy. An increase in CPI
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indicates that prices of essential retail goods are surging. The Reserve Bank
of India (RBI) currently uses the Consumer Price index as the key
measure of inflation to set the monetary and credit policy.
Auto Sales
Released by: Every automobile manufacturer in India.
Every auto manufacturer operating in India has to report its monthly sales
figures.
Analysis: We can compare the sales figures with that of the previous month
as well as year-on-year (YoY) data to interpret the demand for vehicles. If
overall sales have declined heavily, we can consider it as a bearish phase for
auto manufacturers and auto ancillary companies, as their businesses have
declined.
Telecom Subscription
Released by: Telecom Regulatory Authority of India (TRAI)
Life Insurance and General Insurance companies ask for a premium from
their insuree to get coverage for the corresponding segment. Every month,
IRDAI publishes data on how much each insurance company collects as
gross premium.
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Analysis: We can analyse the performance of listed insurance players. We
can compare IRDAI’s data with that of the previous month, as well as with
the previous year. An increase in the overall premium collection might
trigger a rally of insurance stocks.
Both Central and state governments levy taxes on the goods and services
sold in India. We have the Central GST (CGST) and State GST (SGST). At the
beginning of each month, the ministry publishes the aggregate and state-
wise GST collection report.
RBI quotes the rate of the Indian Rupee (INR) to foreign currencies (mainly
the US Dollar) on a daily basis.
Analysis: At the beginning of every month, we can find out whether INR has
become stronger or weaker. If the Indian Rupee is getting weaker every
month, it is beneficial for exporting companies (and IT players as well), as
they will be able to generate more revenue. Whereas, if the Rupee is getting
stronger, manufacturers who import raw materials (crude oil, metals,
minerals) only need to exchange fewer currencies compared to the previous
month, which decreases their expenses.
Commodity Prices
Released by: Multi Commodity Exchange of India (MCX)
auto sales CPI economic data foreign exchange PMI Power consumption
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