SME Times is powered by   
Search News
Just in:   • Benchmark indices fall after early gains on Monday  • France warns of clash over UK-EU trade talks  • Airtel pays Rs 10,000 cr AGR as Govt gets first dues  • This time, no problem in Air India's divestment: Minister  • OYO logs FY19 revenue of $951 mn, net loss at $335 mn 
Last updated: 12 Sep, 2019  

HSBC.9.Thmb.jpg 'Consumer sentiments weak but growth not falling off a cliff'

   Top Stories
» MSMEs face challenges in technology adoption: Naidu
» Centre clears Rs 540 cr from stress fund for stalled housing projects
» Budget would not cause inflation: Shaktikanta
» 'RBI reviewing monetary policy framework change'
» Exports fall 1.66 pc, trade deficit widens in January
SME Times News Bureau | 12 Sep, 2019
Broking firm HSBC Securities on Thursday said consumer sentiments appear weak and the slowdown persists though growth is not "falling off a cliff".

"Consumer sentiments appear weak and slowdown persists but growth does not seem to be falling off a cliff," the broking house said in a note.

On the consumer market, it said the distribution is undergoing a change and 'kiranas' are here to stay and they are getting a strong foothold.

Finance Minister Nirmala Sitharaman a day ago in Chennai said though GDP growth has declined to five per cent in the first quarter, ups and down are part of the growth process and the government is responding to the current economic challenges to revive demand and consumption in the country.

She said the "millennial mindset" of relying on taxi services, besides the upcoming stricter emission norms, are responsible for the auto sector slowdown.

The macro state of economy is such that the muted household spending as reflected in metrics like falling car sales have resulted in unsold inventories. Rising unused capacities in factory plants have shown slackening demand and feeble investment.

Automobile sellers have not been reporting brisk activity, implying lower spending ability and flat income growth. Hundreds of showrooms have shut shop.

Tractor and motorcycle sales - indicators of rural demand - continued to contract.

Commercial vehicle sales slowed even after adjusting for base effects, beaten by low demand.

Construction activity indicators have also slowed down, with contraction in cement production and slower growth in finished steel consumption in June.

Print the Page
Add to Favorite
Share this on :

Please comment on this story:
Subject :
(Maximum 1500 characters)  Characters left 1500
Your name:

  Customs Exchange Rates
Currency Import Export
US Dollar
UK Pound
Japanese Yen 58.85 56.85
As on 17 Feb, 2020
  Daily Poll
Ease of doing business improved in last one year
 Can't say
  Commented Stories
» MSME credit gets a boost (2)
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter