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SENSEX
NIFTY 50
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MCX GOLD DEC 05
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USD/INR
EUR/INR80.0630

SENSEX
NIFTY 50
NIFTY MIDCAP 100
S&P BSE MIDCAP
Hang Seng
Taiwan Weighted
DAX
Nasdaq
MCX GOLD DEC 05
MCX SILVER DEC 05
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MCX NATURALGAS DEC 26
USD/INR
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GBP/INR
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These stocks hit their 52-week highs or lows on January 15

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Oil prices slip on concerns US-China trade deal may not boost demand

Rupee likely to extend losing streak in 2020

Economy

Has the economy troughed out finally?

Updated : December 13, 2019 09:41 AM IST

The October industrial output at -3.8 percent indicates that while things were bad they were not as bad as September

The November air traffic growth at 11.2 percent is the fastest monthly growth in 2019

Has the economy troughed out finally?

The November consumer inflation has come in at a 40-month high of 5.54 percent, pushed up largely by food inflation at 10 percent and vegetable inflation at 36 percent. Is the rising inflation a sign that demand is picking up? Perhaps not, since core inflation at 3.5 percent remains at a multi-year low.

Inflation trend

However, the October industrial output at -3.8 percent indicates that while things were bad they were not as bad as September.

The early indications for November are even better. Power supply at -4.2 percent is bad but nowhere as bad at -12/8 percent in October.

Fuel consumption in November actually rose dramatically at 10.5 percent.

And even more heartening is the November air traffic growth at 11.2 percent is the fastest monthly growth in 2019.

So is the economy recovering? Surely the first signs of troughing out are here.

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