Brickwork Ratings

The Indian auto component manufacturing industry, valued at $57 billion (bn) in 2023, is expected to grow to $85 bn by 2026, contributing significantly to employment and GDP. India's auto component industry experienced a 9.8% growth rate in fiscal 2023-24, with a turnover of around $73.1 billion. This growth is driven by steady vehicle production, a thriving aftermarket, and increased exports View the Full Report: https://lnkd.in/gea8xr2F #Manufacturingindustry #Growth #Employement #GDP #Turnover #Demand #Pandemic #Automotiveindustry #Exports #Sales #BWRresearch

New Zealand Enters Recession Amid High Inflation and Aggressive Interest Rate Hikes. New Zealand's economy has officially entered a recession, as evidenced by a notable decline in GDP Growth. Recent data show a 1% contraction in GDP during the third quarter of 2024, following a revised drop of 1.1% in the preceding quarter, that marks two consecutive quarters of negative growth. The current downturn in New Zealand's economy is the result of several factors that have had a substantial impact on its economic conditions.   #Recession #Inflation #Interestrates #Growth #Politicalfactors #Fiscalpolicies #Financeminister #Economicrecovery #Consumerspending #Monetarypolicy #Povertyrates #Wholesaletrade #BWRviews #BWRresearch

India's WPI based inflation in November 2024 dropped to a three-month low of 1.89%, down from 2.36% in October. This decline was primarily driven by lower prices of food items. The merchandise trade deficit reached a record USD 37.84 billion in November, driven by a rise in gold imports and a decline in exports due to falling crude oil prices. #Imports #Economicnews #BWRresearch #USD

ECB Cuts Interest Rates Again by 25 Basis Points to 3%; Fourth Rate Cut in 2024. The European Central Bank (ECB) has cut key interest rates by 25 basis points for the fourth time this year. #ECB #BWRresearch #Interestrates #Inflation #Growth #Economicgrowth #Geopoliticalrisks #Monetarypolicy #Mortgagerates #Housingprices #BWRview

India's Index of Industrial Production increased by 3.5% in October, compared to 3.1% in September 2024. This growth was primarily fueled by strong performances in major sectors such as basic metals, electrical equipment and refined petroleum products while retail inflation decreased to 5.48% in November, down from 6.21% in October, as food prices showed signs of moderation. #Weeklywrap #Industrialproduction #JPmorgan #Inflation #Geopolitics #Interestrates #Sectoralnews #BWRresearch

The Bank of Canada (BoC) reduced its key interest rate by 50 basis points to 3.25% from 3.75% on December 11 2024, marking its fifth consecutive reduction since June 2024 and reflects the central bank's response to several concerning economic indicators pointing towards a slowdown in growth! #BankofCanada #Interestrates #Target #Growth #Unemployment #Inflation #Trade #Tariff #EconomicUncertainty #Housing #Depreciation #BWRresearch #BWRviews

Chief Economic Advisor V Anantha Nageswaran stated that the Economic Survey forecasts India's GDP growth to range between 6.5% and 7% for 2024-25, a decrease from the 8.2% growth recorded in the previous financial year #BWRresearch #Growth #GDP #India #BWRviews #Inflation

RBI Keeps Repo Rate Unchanged at 6.5%; Cuts CRR by 50 bps to 4% and Lowers FY25 GDP Growth Projections to 6.6%. The Reserve Bank of India (RBI) has decided to maintain a steady repo rate of 6.5% due to rising inflation and slowing India’s GDP growth, which has reached a seven-quarter low of 5.4% for the July-September 2024 period. View the Full Report: https://lnkd.in/g2F55u6i #RBI #Monetarypolicy #Inflation #GDP #Growth #Reporate #Interestrate #Rupee #Capital #Agriculturalloans #BWRresearch

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India’s recent economic performance has raised significant concerns, particularly following the announcement of a disappointing GDP growth rate of 5.4% for the second quarter of 2024, marking the slowest expansion in seven quarters. This decline is symptomatic of broader economic challenges facing the country. View the Full Report: https://lnkd.in/gGgaQVfB #Inflation #Policymakers #Economy #Foodprices #Demand #Steel #Petroleum #Growth #Fuel #Exports #Electricitygeneration #Rupee #BWRresearch