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Monday, March 9, 2009

February car sales rise 21.8% y/y: SIAM

Car sales in India snapped a four-month slide and rose 21.8 per cent in February from a year earlier, an industry body said on Monday, helped by government stimulus packages to boost consumer spending.

Automobile firms sold 115,386 cars during the month, compared with 94,757 in the year-ago period, data from the Society of Indian Automobile Manufacturers showed.

However, sales of trucks and buses, which are closely linked to the pace of economic activity, fell 31.7 per cent to 31,069 units, the data showed.

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Saturday, Jun 14
01:00 CFTC S&P 500 NC Net Positions 1 $-69.4K
01:00 CFTC Oil NC Net Positions 1 168K
01:00 CFTC Gold NC Net Positions 1 $187.9K
01:00 CFTC GBP NC Net Positions 1 £35.2K
01:00 CFTC AUD NC Net Positions 1 $-63.2K
Monday, Jun 16
04:00 Business NZ PSI 2 48.5
04:31 Rightmove House Price Index (MoM) 1 0.6%
04:31 Rightmove House Price Index (YoY) 1 1.2%
12:00 Producer and Import Prices (YoY) 1 -0.5%
12:00 Producer and Import Prices (MoM) 1 0.1%
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