UK’s new car sales drop 24% to mark weakest June since 1996

Breadcrumb Trail Links PMN Business Author of the article: Article content British new car registrations fell 24% in June from a year earlier, marking the weakest month in 26 years, as the sector struggled with persistent supply shortage of components due to China’s COVID-19 restrictions, industry data showed on Tuesday. The British auto industry, already … Read more

Indian job market sees record 22% YoY growth in June, says report

Hiring activity in India has shown an upward growth trajectory with a record 22 per cent year-on-year growth in June 2022 compared to last year, according to a report on Tuesday. The report Naukri JobSpeak Index showed that demand for entry-level talent continues to record the highest yearly growth … Read more

S.Korea June inflation hits near 24-yr high, fan larger rate hike chances

Breadcrumb Trail Links PMN Business Author of the article: Reuters Cynthia Kim and Jihoon Lee Publishing date: Jul 04, 2022  •  12 minutes ago  •  2 minute read  •  Join the conversation Article content SEOUL — South Korea’s June inflation accelerated to the fastest pace since the Asian financial crisis, fanning expectations the central bank could … Read more

Urban FMCG sales see sharper fall than rural in June, shows data

Fast-moving consumer goods (FMCG) sales continued to be lower in June compared to May with urban sales witnessing a steeper decline than rural. Sales of goods from shampoos to biscuits stayed lower due to inflationary pressures on commodities. This pushed consumer companies to continue taking price hikes, thus impacting … Read more

Exports rise by 17% to $37.94 bn in June; trade deficit widens to $25.63 bn

India’s merchandise exports in June rose by 17 per cent year-on-year to $37.94 billion while the trade deficit ballooned to a record $25.63 billion, according to the government’s preliminary data released on Monday. Imports expanded by 51 per cent to $63.58 billion in June compared to the year-ago period, … Read more

Discoms outstanding dues to power producers rise 4% to Rs 1.32 trn in June

Total outstanding dues owed by electricity distribution companies (discoms) to power producers rose by 4 per cent year-on-year to Rs 1,32,432 crore in June 2022. Discoms owed a total of Rs 1,27,306 crore to power generation firms in June 2021, according to portal PRAAPTI (Payment Ratification And Analysis in … Read more

India’s manufacturing sector activity eases to 9-month low in June

India’s manufacturing sector activity eased to a nine-month low in June as growth of total sales and production moderated amid intense price pressures, a monthly survey said on Friday. The seasonally adjusted S&P Global India Manufacturing Purchasing Managers’ Index (PMI) fell to 53.9 in June from 54.6 in May, … Read more