activity

Indian Central Bank Tightens Scrutiny of Credit Activity

25 days ago

The Reserve Bank of India has decided to intensify its measures to control credit activity amid growing concerns over excessive borrowing. This decision is part of efforts to maintain financial stability and minimize risks related to a potential rise in loan defaults. The bank's monetary policy committee plans to closely monitor credit institutions as the country grapples with concerns about the sustainability of economic growth and possible negative consequences associated with rising debt.

US Services Sector Growth: Modest Expansion Continues

3 months ago

A recent report indicated that services sector activity in the United States continues to show moderate growth for the second consecutive month. According to data from the Institute for Supply Management (ISM), the purchasing index for services stood at 54.5 in August, which is at least 0.3 points above the previous month's figure. A value above 50 indicates growth in activity, instilling optimism among economists and analysts.

U.S. Manufacturing Activity Declines for the Fifth Straight Month

3 months ago

Recent data from the Institute for Supply Management (ISM) indicates that manufacturing activity in the U.S. continues to contract for the fifth consecutive month. The manufacturing activity index fell to 47.6 in August, which is below the neutral mark of 50. This value represents the lowest level since May 2020. The ongoing decline in activity suggests that the manufacturing sectors are grappling with new challenges amid changing economic conditions.

Strong US Economy: Revised Data Shows 3% Expansion

3 months ago

The US economy continues to show strong performance, according to recently updated economic data. The annual Gross Domestic Product (GDP) growth has been revised to 3%, surpassing previous estimates and highlighting the remarkable resilience of the consumer sector. This growth has been fueled by increased household spending and a recovery in business activity, even amidst rising interest rates.