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Monday, March 15, 2010

March inflation seen at Feb level: Eco adviser

India's wholesale price inflation in March is expected to remain at a 16-month high, Kaushik Basu, the chief economic adviser in the finance ministry, said today. Annual wholesale price inflation accelerated to 9.89 per cent in February, the highest since October 2008 and well above the Reserve Bank of India's end-March projection of 8.5 per cent and the 8.56 per cent January reading.
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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Wednesday, Jun 04
04:30 S&P Global Services PMI 2 50.6 50.5 50.5
04:30 Ai Group Manufacturing PMI 1 -23.5 -26.5
04:30 AiG Industry Index 2 -12.3 -15.0
07:00 Gross Domestic Product (YoY) 2 1.3% 1.5% 1.3%
07:00 Gross Domestic Product (QoQ) 3 0.2% 0.4% 0.6%
14:00 S&P Global Composite PMI 1 49.4 49.4
14:00 S&P Global Services PMI 1 50.2 50.2
16:30 MBA Mortgage Applications 1 -1.2%
17:45 ADP Employment Change 3 115K 62K
18:00 Labor Productivity (QoQ) 1 0.4% 0.6%
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