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Numbers to watch this week: Capex growth, core sector data, external debt


Numbers to watch this week: Capex growth, core sector data, external debt
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Every Monday, Mint’s Plain Facts section features five key data releases to keep an eye out for during the week. The euro area’s inflation figures for June will be released this week and will be carefully watched by global markets. In India, indicators such as the core sector index, manufacturing purchasing managers’ index (PMI), and capex figures will help analysts fine-tune their assessment of the pandemic’s economic impact. Here are the five numbers to track:
1. External bebt
India s external debt stood at $563.5 billion by December 2020, declining slightly from 21.6% of gross domestic product (GDP) at September-end to 21.4%. The Reserve Bank of India will release the March quarter figures on Wednesday. ....

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Manufacturing PMI slips to 50.8 in May, marking steepest fall in 10 months


Growth in India’s domestic factory orders and production slowed to a 10-month low in May as most states restricted businesses to slow down the spread of Covid-19. Overall manufacturing activity slowed down and job loss accelerated in May, according to a private survey’s report.
The IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) slipped to 50.8 in May against 55.5 in April, making it one of the steepest fall. PMI is a month-over-month indicator and shows changes over the previous month, and not over the previous year.
Indian manufacturing sector is showing increasing signs of strain as the COVID-19 crisis intensifies. Key gauges of current sales, production and input buying weakened noticeably in May and pointed to the slowest rates of increase in ten months. In fact, all indices were down from April,” said Pollyanna De Lima, economics associate director at IHS Markit, in the report. ....

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