Search Result for : Commodity Prices

The Dollar Business Bureau Imports are likely to drive a recovery in world trade this year. According to S&P Global Ratings’ report released recently, world trade growth is gaining momentum after a prolonged period of weakness. Import growth picked up last year in November and continued to sail on the same strong note into 2017. Early months of 2017 saw global imports rise by 4.1% according to the data published by the Netherlands’ Bureau for Economic Policy Analysis. However, the volume of world trade decreased in February by 0.6% while January recorded a 1% increase. World industrial production grew 0.2% month on month and world industrial production momentum was 0.9%. According to an S&P economist “This pickup in global trade is benefiting the ...

The Dollar Business Bureau The exports and imports of China increased in the month of April, as foreign and domestic demand weakened and there was a decline in commodity prices. In April, China's exports surged 8% compared to the previous year, missing analysts' predictions, whereas imports expanded 11.9%, an official data revealed on Monday. This has left $38.05 billion of trade surplus for the country in the given month, China’s General Administration of Customs revealed. In March, the country’s exports grew 16.4% and imports rose 20.3%. China's trade surplus in the month of March stood at $23.93 billion. Last week, the Chinese Ministry of Commerce, in its quarterly report, said that the country’s exports and imports are likely to be stabilised and improved in near future. Foreign ...

PTI Index of Industrial Production (IIP) will remain weak and may only grow up to 0.5% during January, on account of various constraints, including subdued domestic demand and an uncertain external demand, according to Dun & Bradstreet's latest economic forecast. "Industrial sector faces constraints from subdued domestic demand and weak, uncertain external demand on one hand and financing constraints, rising input prices and stalled projects on the other hand," D&B said in a report. "We expect Index of Industrial Production (IIP) to remain weak and grow by only 0.0% - 0.5% during January 2017," it added. Besides, the report said firming up of global commodity prices as well as depreciation of the rupee poses significant upward risk to inflation. D&B estimates ...

The Dollar Business Bureau Oil prices declined in Asia on Thursday due to improved supply outlook with the commodity prices hovering near the major mark of $50, leading to concerns among the traders about resuming production by the producers. Crude prices plunged after gaining for two days which saw the commodity cross the benchmark that makes it financially viable for producers to restart production. The prices of oil had been declining after the financial market turmoil across the globe, followed by last week's UK’s referendum vote to leave the European Union. The official data released by US Energy Information Administration on Wednesday details the reasons for oil to go on a rising trajectory, when it highlighted the commercial crude inventories of the US, which ...

The Dollar Business Bureau OECD’s Global Economic Outlook release says India’s growth rate is expected to hover near 7.4% this year and 7.5% next year. The outlook was launched during the OECD’s annual Ministerial Council Meeting and Forum in Paris on Wednesday. India is likely to remain as one of the fast growing economies in the world. Its private consumption in urban areas has been buoyed by the projections of higher income source and declining inflation. But the demand in rural areas has come down for the past two years due to bad weather conditions, the outlook said. The decline in merchandise imports, driven by subdued commodity prices and weak business investment, has contributed to keeping the current account deficit at about 1.5% ...

Steven Philip Warner, Editor-in-Chief  | The Dollar Business Herfindahl Index of 3.9% to 4.1% proves that China’s “dominance” in the global exports market is more exaggerated than it is. Global trade is significantly competitive Accept reluctantly if you will, but in terms of economies and foreign trade, chances are very high that since the clock last ticked to a new calendar, you would have rarely scrutinised another economy as closely and curiously than China’s. China is in a mess. The interlinkage of economic activities in a world as such, means the fear of contagion is greater than ever before. Imagine this – out of 122 nations that have reported trade data until mid-2015, 113 registered a fall in quarterly average imports during ...

The Dollar Business Bureau India’s engineering exports during April –November period of the current fiscal have declined by 14.4% to $39.85 billion against $46.55 billion during the same period last year   Embattled with global slowdown, India’s engineering goods exports are expected to be confined to $60-62 billion during the current fiscal, up to 14.28 % less than $70 billion recorded last year, export promotion body EEPC India has said. Indian exporters have been battling the global slowdown, marked by sharp erosion in commodity prices leaving a negative outlook for the shipments of engineering goods, the EEPC said and the shipments “may be confined to $60-62 billion for the current fiscal despite 7-8% depreciation in rupee against dollar.” The export promotion council ...

The Dollar Business Bureau    The Wholesale Price Index (WPI) for all commodities for the month of November rose by 0.5%, the government said on Monday. According to the Ministry of Commerce, the annual rate of inflation based on WPI for November stood at -1.99% over November 2014 and -0.17% over the corresponding month of the previous year and -3.81% compared to previous month. Commenting on the data, apex industry bodies, while welcoming the fall, also raised concern over decline in manufacturing produce. “Estimates of low wholesale price inflation in November is in line with the industry expectation and needs to be looked upon at by caution since it’s in the negative territory for last 13th month,” said the Associated Chamber of ...