Topic
economic indicators
Business From Inflation to Mortgage Rates: Key Movements in the US Economy's Weekly Report Card
The US economy saw mixed signals this week: inflation accelerated to a three-year high, consumer spending slowed, but GDP growth beat expectations and layoffs remained low. Apple raised prices on Mac and iPad models due to AI-driven memory chip shortages. Mortgage rates ticked up slightly, while jobless claims fell below forecasts.
Business India's Forex Reserves Tumble Nearly $10 Billion as Gold Holdings See Sharp Drop
According to a report by Business-Today (TOI Business Desk) dated June 19, 2026, India's foreign exchange reserves dropped by nearly $10 billion, with gold holdings experiencing a sharp decline. The report did not provide further specifics.
Trade India's Exports Rise 18% to 6-Month High of $45.2 Billion in May, Trade Deficit Widens
India's merchandise exports rose 18% year-on-year to a record $45.2 billion in May, the highest in six months. However, the trade deficit widened to $28.21 billion as imports surged 20.62% to $73.41 billion, led by petroleum, crude oil, and gold. Commerce Secretary Rajesh Agrawal expressed optimism for FY27 if momentum continues, noting recovery from the West Asia crisis and expanded export base.
Business India launches producer price index; wholesale inflation gauge to be phased out in five years
India on Monday launched its producer price index (PPI) for goods and services, replacing the wholesale price index (WPI) over five years. The new index, with a base year of 2022-23, covers 957 items and provides both output and input PPI data. Output PPI inflation stood at 9.4% in May 2026, in line with rising wholesale inflation.
Business Wall Street Opens Mixed Amid AI Stock Decline, Oil Price Drop
The US stock market opened mixed as declines in AI stocks offset broader gains, while easing oil prices supported investor sentiment. The S&P 500 saw a slight increase, while the Nasdaq fell due to technology stock losses.
Business India to Launch Producer Price Index on June 15
India will introduce the Producer Price Index (PPI) on June 15, marking a significant shift from the Wholesale Price Index (WPI). This transition aims to provide a more comprehensive measure of inflation by including services alongside goods.
Business India's Manufacturing PMI Hits 3-Month High Amid Strong Demand
India's manufacturing sector expanded at its fastest pace in three months in May, with the PMI rising to 55.0. The growth was driven by robust domestic demand and infrastructure projects, despite ongoing geopolitical tensions in the Middle East.
Business Dalal Street: Key Drivers of Market Sentiment This Week
Dalal Street is poised for a dynamic week as investors focus on the RBI's interest rate decision, economic data releases, and geopolitical developments. The market's direction will hinge on these factors, alongside macroeconomic indicators and foreign investor activity.