Macro Update - Production and domestic spending maintains strength but exports facing headwinds
  • 2015-05-05T00:00:00
  • Macroeconomics
Industrial production extended its expansionary streak, helped by low input costs and higher demand from both onshore and offshore clients. Retail sales growth decelerates for 4th straight month but still at 4-yr highs. Inflation up for 2nd straight month due to higher gasoline and electricity prices although YoY CPI is subdued at 0.99%.